L & S Advisors Inc Invests $2.72 Million in NRG Energy, Inc. (NYSE:NRG)

L & S Advisors Inc acquired a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 34,944 shares of the utilities provider's stock, valued at approximately $2,721,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NRG. Rothschild Investment LLC acquired a new stake in NRG Energy during the second quarter worth about $32,000. First Horizon Advisors Inc. increased its position in NRG Energy by 76.1% during the second quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider's stock worth $34,000 after purchasing an additional 191 shares during the last quarter. LifeSteps Financial Inc. acquired a new stake in shares of NRG Energy during the first quarter valued at about $31,000. Innealta Capital LLC acquired a new stake in shares of NRG Energy during the second quarter valued at about $36,000. Finally, Mather Group LLC. acquired a new stake in shares of NRG Energy during the first quarter valued at about $33,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group assumed coverage on shares of NRG Energy in a research report on Friday. They set a "hold" rating and a $82.00 price target for the company. 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. StockNews.com cut shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Monday, September 2nd. Finally, Wells Fargo & Company lifted their price objective on shares of NRG Energy from $110.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, September 5th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $73.75.

NRG Energy Stock Performance

NRG traded up $0.54 during trading on Tuesday, hitting $81.32. The stock had a trading volume of 2,121,206 shares, compared to its average volume of 3,394,281. 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 market capitalization of $16.95 billion, a P/E ratio of 11.52 and a beta of 1.10. The company's 50-day moving average price is $78.31 and its 200 day moving average price is $75.85. NRG Energy, Inc. has a twelve month low of $36.61 and a twelve month high of $87.58.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $1.82. The company had revenue of $6.66 billion for the quarter, compared to analysts' expectations of $8.32 billion. NRG Energy had a net margin of 7.19% and a return on equity of 43.69%. NRG Energy's revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 EPS. On average, equities research analysts forecast that NRG Energy, Inc. will post 4.45 EPS for the current fiscal year.

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a dividend of $0.4075 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.00%. NRG Energy's dividend payout ratio (DPR) is presently 23.09%.

Insider Transactions at NRG Energy

In related news, insider Rasesh M. Patel sold 102,603 shares of the business's 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 sale, the insider now directly owns 163,680 shares in the company, valued at approximately $13,151,688. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.86% of the company's stock.

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.