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

TrueMark Investments LLC raised its stake in NRG Energy, Inc. (NYSE:NRG) by 49.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 48,273 shares of the utilities provider’s stock after purchasing an additional 15,926 shares during the quarter. NRG Energy accounts for 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. New Wave Wealth Advisors LLC raised its stake in shares of NRG Energy by 3.0% during the third quarter. New Wave Wealth Advisors LLC now owns 2,222 shares of the utilities provider’s stock worth $360,000 after purchasing an additional 65 shares during the last quarter. Catalyst Financial Partners LLC grew its position in NRG Energy by 5.0% in the 3rd quarter. Catalyst Financial Partners LLC now owns 1,410 shares of the utilities provider’s stock valued at $228,000 after buying an additional 67 shares during the last quarter. Golden State Equity Partners increased its stake in NRG Energy by 4.7% in the 3rd quarter. Golden State Equity Partners now owns 1,589 shares of the utilities provider’s stock valued at $257,000 after buying an additional 72 shares during the period. Zions Bancorporation National Association UT raised its position in NRG Energy by 19.8% during the 3rd quarter. Zions Bancorporation National Association UT now owns 459 shares of the utilities provider’s stock worth $74,000 after buying an additional 76 shares during the last quarter. Finally, Allworth Financial LP raised its position in NRG Energy by 7.1% during the 3rd quarter. Allworth Financial LP now owns 1,155 shares of the utilities provider’s stock worth $187,000 after buying an additional 77 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insider Transactions at NRG Energy

In other news, VP Robert J. Gaudette sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $158.76, for a total transaction of $7,144,200.00. Following the sale, the vice president owned 63,920 shares of the company’s stock, valued at $10,147,939.20. The trade was a 41.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bruce Chung sold 12,383 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $156.56, for a total value of $1,938,682.48. Following the completion of the sale, the chief financial officer owned 79,147 shares in the company, valued at approximately $12,391,254.32. This represents a 13.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 177,556 shares of company stock worth $28,333,696 over the last quarter. Insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on NRG. BNP Paribas Exane started coverage on shares of NRG Energy in a report on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 target price on the stock. Wolfe Research raised shares of NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price target for the company in a report on Wednesday, March 18th. Weiss Ratings downgraded shares of NRG Energy from a “buy (b)” rating to a “hold (c+)” rating in a research report on Thursday, February 26th. The Goldman Sachs Group began coverage on NRG Energy in a report on Friday, March 6th. They issued a “buy” rating and a $197.00 price objective on the stock. Finally, Zacks Research upgraded NRG Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, NRG Energy has an average rating of “Moderate Buy” and a consensus target price of $198.43.

NRG Energy Price Performance

Shares of NYSE NRG opened at $147.83 on Monday. 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 one year low of $79.57 and a one year high of $189.96. The firm has a market capitalization of $31.72 billion, a P/E ratio of 37.52 and a beta of 1.26. The company’s fifty day moving average is $158.99 and its two-hundred day moving average is $162.10.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Tuesday, February 24th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.15). The company had revenue of $7.75 billion during the quarter, compared to analysts’ expectations of $6.68 billion. NRG Energy had a net margin of 2.81% and a return on equity of 109.48%. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.56 EPS. Analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Increases Dividend

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

About NRG Energy

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.