Measured Wealth Private Client Group LLC Purchases Shares of 5,174 NRG Energy, Inc. (NYSE:NRG)

Measured Wealth Private Client Group LLC purchased a new stake in NRG Energy, Inc. (NYSE:NRG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,174 shares of the utilities provider’s stock, valued at approximately $471,000.

A number of other institutional investors have also recently made changes to their positions in NRG. Wealth Enhancement Advisory Services LLC grew its position in shares of NRG Energy by 4.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 31,040 shares of the utilities provider’s stock valued at $2,101,000 after buying an additional 1,383 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of NRG Energy by 885.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 237,444 shares of the utilities provider’s stock valued at $16,073,000 after purchasing an additional 213,347 shares during the period. First Trust Direct Indexing L.P. lifted its stake in shares of NRG Energy by 2.8% in the 1st quarter. First Trust Direct Indexing L.P. now owns 5,813 shares of the utilities provider’s stock valued at $393,000 after purchasing an additional 161 shares during the period. Accel Wealth Management acquired a new position in shares of NRG Energy in the 1st quarter valued at about $250,000. Finally, HB Wealth Management LLC lifted its stake in shares of NRG Energy by 28.0% in the 1st quarter. HB Wealth Management LLC now owns 5,913 shares of the utilities provider’s stock valued at $400,000 after purchasing an additional 1,294 shares during the period. Institutional investors own 97.72% of the company’s stock.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the completion of the transaction, the insider now directly owns 163,680 shares of the company’s stock, valued at approximately $13,151,688. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NRG shares. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Jefferies Financial Group started coverage on NRG Energy in a research note on Friday, September 13th. They issued a “hold” rating and a $82.00 price objective on the stock. Guggenheim boosted their price objective on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Wells Fargo & Company boosted their price objective on NRG Energy from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, BMO Capital Markets upped their price target on NRG Energy from $90.00 to $94.00 and gave the stock a “market perform” rating in a research note on Tuesday. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, NRG Energy presently has an average rating of “Hold” and an average target price of $85.00.

NRG Energy Stock Performance

Shares of NRG opened at $88.45 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 stock has a 50 day moving average price of $86.00 and a two-hundred day moving average price of $80.79. The firm has a market capitalization of $18.25 billion, a P/E ratio of 9.64 and a beta of 1.10. NRG Energy, Inc. has a 52 week low of $41.57 and a 52 week high of $96.40.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $1.82. The firm had revenue of $6.66 billion during the quarter, compared to analyst estimates of $8.32 billion. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.10 EPS. Equities analysts forecast that NRG Energy, Inc. will post 6.09 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $0.4075 dividend. This represents a $1.63 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Friday, November 1st. NRG Energy’s dividend payout ratio is presently 17.76%.

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.