Wealth High Governance Capital Ltda Has $38.87 Million Stock Holdings in NRG Energy, Inc. $NRG

Wealth High Governance Capital Ltda increased its holdings in NRG Energy, Inc. (NYSE:NRG) by 103.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 244,105 shares of the utilities provider’s stock after acquiring an additional 124,105 shares during the quarter. NRG Energy accounts for 7.3% of Wealth High Governance Capital Ltda’s investment portfolio, making the stock its largest holding. Wealth High Governance Capital Ltda’s holdings in NRG Energy were worth $38,871,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Keybank National Association OH raised its position in NRG Energy by 4.4% in the 4th quarter. Keybank National Association OH now owns 2,141 shares of the utilities provider’s stock worth $341,000 after purchasing an additional 91 shares during the period. Caldwell Trust Co raised its position in NRG Energy by 7.5% in the 4th quarter. Caldwell Trust Co now owns 1,720 shares of the utilities provider’s stock worth $274,000 after purchasing an additional 120 shares during the period. Wealthfront Advisers LLC raised its position in NRG Energy by 4.1% in the 4th quarter. Wealthfront Advisers LLC now owns 7,571 shares of the utilities provider’s stock worth $1,206,000 after purchasing an additional 301 shares during the period. M&T Bank Corp raised its position in NRG Energy by 6.3% in the 4th quarter. M&T Bank Corp now owns 33,566 shares of the utilities provider’s stock worth $5,344,000 after purchasing an additional 1,984 shares during the period. Finally, Ashton Thomas Private Wealth LLC raised its position in NRG Energy by 39.5% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 19,913 shares of the utilities provider’s stock worth $3,171,000 after purchasing an additional 5,638 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insider Activity

In related news, VP Virginia Kinney sold 5,000 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $156.65, for a total transaction of $783,250.00. Following the transaction, the vice president owned 55,495 shares in the company, valued at $8,693,291.75. The trade was a 8.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.43% of the stock is owned by corporate insiders.

NRG Energy Price Performance

NRG stock opened at $148.93 on Thursday. The firm’s 50-day moving average price is $159.52 and its two-hundred day moving average price is $160.86. NRG Energy, Inc. has a 12-month low of $105.30 and a 12-month high of $189.96. The stock has a market capitalization of $31.95 billion, a price-to-earnings ratio of 37.80 and a beta of 1.35. The company has a current ratio of 1.64, a quick ratio of 1.58 and a debt-to-equity ratio of 15.92.

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 the consensus estimate of $1.19 by ($0.15). NRG Energy had a net margin of 2.81% and a return on equity of 109.48%. The company had revenue of $7.75 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter in the prior year, the firm earned $1.56 EPS. NRG Energy’s quarterly revenue was up 13.7% compared to the same quarter last year. As a group, equities analysts predict that NRG Energy, Inc. will post 8.81 earnings per share for the current year.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be given a dividend of $0.475 per share. The ex-dividend date is Friday, May 1st. This represents a $1.90 annualized dividend and a dividend yield of 1.3%. NRG Energy’s payout ratio is currently 48.22%.

Wall Street Analysts Forecast Growth

NRG has been the topic of a number of analyst reports. Wolfe Research upgraded shares of NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a research report on Wednesday, March 18th. Evercore initiated coverage on shares of NRG Energy in a research report on Wednesday, February 25th. They issued an “outperform” rating and a $215.00 price objective on the stock. Morgan Stanley decreased their price objective on shares of NRG Energy from $157.00 to $154.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. BNP Paribas Exane initiated coverage on shares of NRG Energy in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 price objective on the stock. Finally, Weiss Ratings cut shares of NRG Energy from a “buy (b)” rating to a “hold (c+)” rating in a research report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, NRG Energy presently has an average rating of “Moderate Buy” and a consensus price target of $197.21.

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.