NRG Energy, Inc. (NYSE:NRG) Shares Purchased by Trustmark National Bank Trust Department

Trustmark National Bank Trust Department lifted its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 9.8% during the 3rd quarter, Holdings Channel reports. The fund owned 7,586 shares of the utilities provider’s stock after buying an additional 678 shares during the quarter. Trustmark National Bank Trust Department’s holdings in NRG Energy were worth $691,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC grew its holdings in NRG Energy by 35.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 8,723 shares of the utilities provider’s stock valued at $590,000 after purchasing an additional 2,304 shares during the last quarter. Bessemer Group Inc. raised its stake in NRG Energy by 1.3% during the 1st quarter. Bessemer Group Inc. now owns 25,818 shares of the utilities provider’s stock valued at $1,747,000 after acquiring an additional 320 shares in the last quarter. Crewe Advisors LLC acquired a new stake in NRG Energy during the 1st quarter worth about $36,000. Quadrature Capital Ltd raised its position in NRG Energy by 148.6% during the first quarter. Quadrature Capital Ltd now owns 21,814 shares of the utilities provider’s stock valued at $1,477,000 after buying an additional 13,040 shares during the period. Finally, SVB Wealth LLC lifted its position in NRG Energy by 38.2% in the 1st quarter. SVB Wealth LLC now owns 9,671 shares of the utilities provider’s stock worth $655,000 after buying an additional 2,673 shares in the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Trading Up 2.4 %

NRG Energy stock opened at $96.76 on Friday. The business has a 50-day simple moving average of $89.77 and a two-hundred day simple moving average of $82.94. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a 52-week low of $45.04 and a 52-week high of $102.84. The company has a market cap of $19.60 billion, a P/E ratio of 24.31, a P/E/G ratio of 1.38 and a beta of 1.10.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Friday, November 1st. NRG Energy’s payout ratio is 40.95%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Citigroup raised their price target on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Wells Fargo & Company upped their price target on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, November 11th. BMO Capital Markets increased their target price on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Finally, Jefferies Financial Group began coverage on shares of NRG Energy in a research report on Friday, September 13th. They set a “hold” rating and a $82.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $98.29.

Insider Buying and Selling

In related news, insider Rasesh M. Patel sold 102,603 shares of NRG Energy stock in a transaction that occurred 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 transaction, the insider now owns 163,680 shares in the company, valued at approximately $13,151,688. This trade represents a 38.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.86% of the stock is currently owned by company insiders.

NRG Energy Company 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.