Union Bancaire Privee UBP SA Acquires 20,300 Shares of NRG Energy, Inc. $NRG

Union Bancaire Privee UBP SA grew its holdings in NRG Energy, Inc. (NYSE:NRG) by 58.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 54,898 shares of the utilities provider’s stock after purchasing an additional 20,300 shares during the period. Union Bancaire Privee UBP SA’s holdings in NRG Energy were worth $8,468,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Quent Capital LLC acquired a new stake in NRG Energy in the third quarter valued at about $25,000. Atlantic Union Bankshares Corp lifted its holdings in shares of NRG Energy by 90.4% in the third quarter. Atlantic Union Bankshares Corp now owns 179 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 85 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of NRG Energy in the second quarter worth about $35,000. BOKF NA boosted its stake in shares of NRG Energy by 3,714.3% in the 3rd quarter. BOKF NA now owns 267 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 260 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC grew its holdings 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 valued at $57,000 after purchasing an additional 335 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insider Buying and Selling

In other news, VP Brian Curci sold 46,976 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $158.84, for a total transaction of $7,461,667.84. Following the completion of the transaction, the vice president directly owned 46,113 shares in the company, valued at $7,324,588.92. This trade represents a 50.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert J. Gaudette sold 45,000 shares of NRG Energy stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $158.76, for a total value of $7,144,200.00. Following the completion of the transaction, the vice president directly owned 63,920 shares in the company, valued at approximately $10,147,939.20. This represents a 41.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 177,556 shares of company stock worth $28,333,696. Corporate insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group lowered their price objective on shares of NRG Energy from $198.00 to $181.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Wells Fargo & Company boosted their target price on shares of NRG Energy from $202.00 to $206.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. BNP Paribas Exane assumed coverage on NRG Energy in a research note on Wednesday. They issued an “outperform” rating and a $232.00 price target for the company. Zacks Research raised NRG Energy from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Finally, Raymond James Financial restated a “strong-buy” rating and set a $225.00 price objective on shares of NRG Energy in a research report on Monday, February 23rd. One 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $198.43.

NRG Energy Trading Up 1.4%

Shares of NYSE NRG opened at $161.28 on Friday. The firm has a 50 day moving average price of $159.29 and a two-hundred day moving average price of $161.93. The stock has a market cap of $34.55 billion, a P/E ratio of 40.93 and a beta of 1.26. NRG Energy, Inc. has a 52-week low of $79.57 and a 52-week high of $189.96. 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 (NYSE:NRG) last issued its quarterly earnings results on Tuesday, February 24th. The utilities provider reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.15). The business had revenue of $7.75 billion for the quarter, compared to analyst estimates of $6.68 billion. NRG Energy had a return on equity of 109.48% and a net margin of 2.81%.NRG Energy’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.56 EPS. As a group, equities analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were given a $0.475 dividend. This is a boost from NRG Energy’s previous quarterly dividend of $0.44. The ex-dividend date was Monday, February 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.2%. NRG Energy’s dividend payout ratio is presently 48.22%.

NRG Energy 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.