Wealth Enhancement Advisory Services LLC Has $2.10 Million Stock Position in NRG Energy, Inc. (NYSE:NRG)

Wealth Enhancement Advisory Services LLC boosted its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 4.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 31,040 shares of the utilities provider’s stock after buying an additional 1,383 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in NRG Energy were worth $2,101,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Kingswood Wealth Advisors LLC raised its holdings in shares of NRG Energy by 0.8% in the first quarter. Kingswood Wealth Advisors LLC now owns 23,267 shares of the utilities provider’s stock valued at $1,575,000 after purchasing an additional 174 shares during the last quarter. Czech National Bank raised its holdings in shares of NRG Energy by 0.5% in the first quarter. Czech National Bank now owns 39,723 shares of the utilities provider’s stock valued at $2,689,000 after purchasing an additional 181 shares during the last quarter. Savant Capital LLC raised its holdings in shares of NRG Energy by 1.7% in the fourth quarter. Savant Capital LLC now owns 12,749 shares of the utilities provider’s stock valued at $659,000 after purchasing an additional 212 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of NRG Energy by 35.4% in the fourth quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 226 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in shares of NRG Energy by 6.9% in the fourth quarter. Signaturefd LLC now owns 4,174 shares of the utilities provider’s stock valued at $216,000 after purchasing an additional 271 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of NRG Energy from $70.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. BMO Capital Markets boosted their target price on shares of NRG Energy from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, May 8th. Wells Fargo & Company boosted their target price on shares of NRG Energy from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, May 15th. Finally, Evercore ISI boosted their target price on shares of NRG Energy from $55.00 to $65.00 and gave the stock an “in-line” rating in a report on Monday, March 18th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $68.00.

Insider Activity

In other news, insider Rasesh M. Patel sold 24,546 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $83.41, for a total value of $2,047,381.86. Following the completion of the sale, the insider now owns 266,064 shares of the company’s stock, valued at $22,192,398.24. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.61% of the stock is currently owned by company insiders.

NRG Energy Trading Up 2.0 %

NRG stock opened at $79.42 on Friday. The company has a debt-to-equity ratio of 3.61, a current ratio of 1.01 and a quick ratio of 0.95. The company has a fifty day moving average price of $79.79 and a two-hundred day moving average price of $66.04. NRG Energy, Inc. has a one year low of $35.97 and a one year high of $87.58. The stock has a market cap of $16.56 billion, a price-to-earnings ratio of 11.25 and a beta of 1.07.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.12). NRG Energy had a return on equity of 42.60% and a net margin of 5.76%. The company had revenue of $7.43 billion for the quarter. Equities analysts anticipate that NRG Energy, Inc. will post 4.5 EPS for the current year.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were given a $0.4075 dividend. The ex-dividend date was Tuesday, April 30th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.05%. NRG Energy’s payout ratio is presently 23.09%.

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.