Centennial Wealth Advisory LLC Buys 195 Shares of NRG Energy, Inc. (NYSE:NRG)

Centennial Wealth Advisory LLC lifted its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 4.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,369 shares of the utilities provider’s stock after acquiring an additional 195 shares during the period. Centennial Wealth Advisory LLC’s holdings in NRG Energy were worth $398,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. bought a new position in NRG Energy in the third quarter valued at $35,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in NRG Energy in the third quarter valued at $36,000. Rothschild Investment LLC acquired a new stake in NRG Energy in the second quarter valued at $32,000. First Horizon Advisors Inc. lifted its stake in 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 acquiring an additional 191 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in NRG Energy in the second quarter valued at $36,000. Institutional investors own 97.72% of the company’s stock.

Insider Transactions at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the completion of the sale, the insider now owns 163,680 shares in the company, valued at approximately $13,151,688. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.61% of the company’s stock.

NRG Energy Trading Up 0.3 %

NYSE:NRG traded up $0.23 during mid-day trading on Wednesday, hitting $91.48. 288,175 shares of the company’s stock were exchanged, compared to its average volume of 3,263,788. The company has a 50 day simple moving average of $86.48 and a 200-day simple moving average of $81.32. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 3.51. NRG Energy, Inc. has a fifty-two week low of $44.90 and a fifty-two week high of $96.40. The firm has a market capitalization of $18.88 billion, a P/E ratio of 9.94, a PEG ratio of 1.30 and a beta of 1.10.

NRG Energy (NYSE:NRG) last posted its earnings results on Thursday, August 8th. The utilities provider reported $3.37 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $8.32 billion. During the same period last year, the company earned $1.10 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. As a group, research analysts expect that NRG Energy, Inc. will post 6.17 earnings per share for the current year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $0.4075 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.78%. NRG Energy’s dividend payout ratio (DPR) is currently 17.76%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NRG shares. Guggenheim increased their price target on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Jefferies Financial Group assumed 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 for the company. BMO Capital Markets lifted their price objective on shares of NRG Energy from $90.00 to $94.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Finally, Wells Fargo & Company lifted their price objective on shares of NRG Energy from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $89.75.

NRG Energy Profile

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.