NRG Energy, Inc. $NRG Shares Purchased by TrueMark Investments LLC

TrueMark Investments LLC boosted its position in shares of NRG Energy, Inc. (NYSE:NRG) by 49.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,273 shares of the utilities provider’s stock after acquiring an additional 15,926 shares during the period. NRG Energy comprises 1.5% of TrueMark Investments LLC’s investment portfolio, making the stock its 27th biggest holding. TrueMark Investments LLC’s holdings in NRG Energy were worth $7,687,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of NRG. Quent Capital LLC acquired a new position in shares of NRG Energy during the third quarter worth $25,000. Atlantic Union Bankshares Corp raised its stake in NRG Energy by 90.4% in the third quarter. Atlantic Union Bankshares Corp now owns 179 shares of the utilities provider’s stock valued at $29,000 after buying an additional 85 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in NRG Energy in the second quarter valued at $35,000. BOKF NA lifted its holdings in NRG Energy by 3,714.3% during the 3rd quarter. BOKF NA now owns 267 shares of the utilities provider’s stock worth $43,000 after buying an additional 260 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC boosted its position in shares of NRG Energy by 1,970.6% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the utilities provider’s stock worth $57,000 after acquiring an additional 335 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Zacks Research upgraded NRG Energy from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. The Goldman Sachs Group initiated coverage on NRG Energy in a report on Friday, March 6th. They issued a “buy” rating and a $197.00 price target for the company. Morgan Stanley set a $153.00 price target on shares of NRG Energy in a research note on Tuesday, February 17th. Wolfe Research upgraded shares of NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research report on Wednesday, March 18th. Finally, Jefferies Financial Group lowered their target price on shares of NRG Energy from $198.00 to $181.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, NRG Energy presently has a consensus rating of “Moderate Buy” and an average price target of $198.43.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, VP Brian Curci sold 46,976 shares of NRG Energy stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $158.84, for a total value of $7,461,667.84. Following the transaction, the vice president directly owned 46,113 shares in the company, valued at approximately $7,324,588.92. The trade was a 50.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Robert J. Gaudette sold 45,000 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $158.76, for a total transaction of $7,144,200.00. Following the completion of the sale, the vice president directly owned 63,920 shares of the company’s stock, valued at $10,147,939.20. The trade was a 41.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 177,556 shares of company stock worth $28,333,696 in the last 90 days. Company insiders own 0.86% of the company’s stock.

NRG Energy Stock Up 0.1%

NRG Energy stock opened at $147.83 on Monday. The company has a market capitalization of $31.72 billion, a P/E ratio of 37.52 and a beta of 1.26. The company has a debt-to-equity ratio of 15.92, a quick ratio of 1.58 and a current ratio of 1.64. NRG Energy, Inc. has a fifty-two week low of $79.57 and a fifty-two week high of $189.96. The stock has a 50-day simple moving average of $158.99 and a 200-day simple moving average of $162.10.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Tuesday, February 24th. The utilities provider reported $1.04 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.15). NRG Energy had a return on equity of 109.48% and a net margin of 2.81%.The firm had revenue of $7.75 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same period last year, the firm earned $1.56 EPS. The company’s quarterly revenue was up 13.7% on a year-over-year basis. Equities research analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, February 2nd. This is a positive change from NRG Energy’s previous quarterly dividend of $0.44. NRG Energy’s dividend payout ratio is presently 48.22%.

NRG Energy Company Profile

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.