Trustmark National Bank Trust Department Acquires 707 Shares of NRG Energy, Inc. (NYSE:NRG)

Trustmark National Bank Trust Department boosted its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 12.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,253 shares of the utilities provider’s stock after acquiring an additional 707 shares during the period. Trustmark National Bank Trust Department’s holdings in NRG Energy were worth $423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of NRG. HB Wealth Management LLC purchased a new position in shares of NRG Energy in the 4th quarter valued at approximately $239,000. Raymond James & Associates raised its position in shares of NRG Energy by 81.1% in the 4th quarter. Raymond James & Associates now owns 305,917 shares of the utilities provider’s stock valued at $15,816,000 after purchasing an additional 136,968 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of NRG Energy by 5.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 60,209 shares of the utilities provider’s stock valued at $3,113,000 after purchasing an additional 3,165 shares during the last quarter. Centennial Wealth Advisory LLC raised its position in shares of NRG Energy by 3.7% in the 4th quarter. Centennial Wealth Advisory LLC now owns 8,515 shares of the utilities provider’s stock valued at $440,000 after purchasing an additional 306 shares during the last quarter. Finally, Highland Capital Management LLC raised its position in shares of NRG Energy by 0.7% in the 4th quarter. Highland Capital Management LLC now owns 154,150 shares of the utilities provider’s stock valued at $7,970,000 after purchasing an additional 1,120 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors.

Insider Activity at NRG Energy

In related news, insider Rasesh M. Patel sold 24,546 shares of NRG Energy stock in a transaction on 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 sale, the insider now owns 266,064 shares of the company’s stock, valued at approximately $22,192,398.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.86% of the stock is owned by corporate insiders.

NRG Energy Stock Performance

Shares of NYSE NRG traded up $0.17 during midday trading on Tuesday, reaching $77.02. 779,844 shares of the stock were exchanged, compared to its average volume of 3,575,550. The firm has a market cap of $16.06 billion, a price-to-earnings ratio of 10.85 and a beta of 1.08. NRG Energy, Inc. has a twelve month low of $35.97 and a twelve month high of $87.58. The firm has a 50-day simple moving average of $79.86 and a two-hundred day simple moving average of $68.47. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 3.61.

NRG Energy (NYSE:NRG) last issued 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). The firm had revenue of $7.43 billion for the quarter. NRG Energy had a return on equity of 42.60% and a net margin of 5.76%. As a group, analysts anticipate that NRG Energy, Inc. will post 4.5 EPS for the current fiscal year.

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a $0.4075 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $1.63 dividend on an annualized basis and a yield of 2.12%. NRG Energy’s dividend payout ratio is currently 23.09%.

Analysts Set New Price Targets

Several brokerages recently commented on NRG. Morgan Stanley increased their price objective on shares of NRG Energy from $70.00 to $83.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Wells Fargo & Company raised their price target on shares of NRG Energy from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. Finally, BMO Capital Markets raised their price target on shares of NRG Energy from $73.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 8th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $71.14.

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.