NRG Energy, Inc. (NYSE:NRG) Stock Holdings Increased by B.O.S.S. Retirement Advisors LLC

B.O.S.S. Retirement Advisors LLC grew its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 3.8% in the 3rd quarter, Holdings Channel reports. The firm owned 16,990 shares of the utilities provider’s stock after acquiring an additional 621 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in NRG Energy were worth $1,548,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of NRG Energy during the third quarter valued at approximately $36,000. Rothschild Investment LLC bought a new position in shares of NRG Energy in the second quarter valued at $32,000. First Horizon Advisors Inc. increased its holdings in shares of NRG Energy by 76.1% in the second quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock valued at $34,000 after buying an additional 191 shares in the last quarter. Innealta Capital LLC bought a new position in shares of NRG Energy in the second quarter valued at $36,000. Finally, Mather Group LLC. acquired a new stake in NRG Energy during the 1st quarter valued at $33,000. 97.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on NRG shares. StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. BMO Capital Markets boosted their target price on shares of NRG Energy from $88.00 to $90.00 and gave the company a “market perform” rating in a research note on Monday, September 30th. Jefferies Financial Group began coverage on shares of NRG Energy in a research note on Friday, September 13th. They set a “hold” rating and a $82.00 target price on the stock. Guggenheim upped their price target on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company upped their price target on shares of NRG Energy from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, September 5th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $83.25.

NRG Energy Stock Up 2.4 %

NYSE NRG opened at $91.29 on Thursday. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.11 and a current ratio of 1.18. The firm has a 50-day simple moving average of $84.82 and a 200 day simple moving average of $79.73. NRG Energy, Inc. has a twelve month low of $40.10 and a twelve month high of $96.40. The stock has a market cap of $19.03 billion, a PE ratio of 12.93 and a beta of 1.10.

NRG Energy (NYSE:NRG) last released its earnings results on Thursday, August 8th. The utilities provider reported $3.37 earnings per share for the quarter, beating the consensus estimate of $1.55 by $1.82. NRG Energy had a net margin of 7.19% and a return on equity of 43.69%. The business had revenue of $6.66 billion during the quarter, compared to analysts’ expectations of $8.32 billion. During the same quarter last year, the company earned $1.10 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. On average, research analysts forecast that NRG Energy, Inc. will post 5.51 EPS for the current year.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $0.4075 dividend. This represents a $1.63 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Friday, November 1st. NRG Energy’s dividend payout ratio (DPR) is presently 23.09%.

Insider Buying and Selling

In related news, insider Rasesh M. Patel sold 102,603 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $80.35, for a total value of $8,244,151.05. Following the completion of the transaction, the insider now owns 163,680 shares of the company’s stock, valued at $13,151,688. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.86% of the company’s stock.

About NRG Energy

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.