TrinityPoint Wealth LLC Invests $1.21 Million in NRG Energy, Inc. (NYSE:NRG)

TrinityPoint Wealth LLC acquired a new stake in NRG Energy, Inc. (NYSE:NRG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,447 shares of the utilities provider's stock, valued at approximately $1,213,000.

Other large investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in NRG Energy in the 4th quarter valued at about $32,000. Mizuho Bank Ltd. purchased a new stake in shares of NRG Energy in the 4th quarter worth approximately $41,000. UMB Bank n.a. lifted its position in shares of NRG Energy by 100.4% in the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock worth $41,000 after purchasing an additional 228 shares during the period. Princeton Global Asset Management LLC lifted its position in shares of NRG Energy by 414.9% in the 4th quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider's stock worth $44,000 after purchasing an additional 390 shares during the period. Finally, Larson Financial Group LLC lifted its position in shares of NRG Energy by 221.0% in the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock worth $45,000 after purchasing an additional 347 shares during the period. 97.72% of the stock is owned by hedge funds and other institutional investors.

NRG Energy Stock Performance

NRG Energy stock traded down $4.33 during mid-day trading on Wednesday, reaching $155.35. 3,066,201 shares of the company traded hands, compared to its average volume of 3,034,382. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $161.78. The company has a market capitalization of $30.37 billion, a price-to-earnings ratio of 39.03, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00. The firm's fifty day moving average is $108.67 and its two-hundred day moving average is $102.07.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $1.90. NRG Energy had a net margin of 3.43% and a return on equity of 48.96%. The business had revenue of $8.59 billion for the quarter, compared to analyst estimates of $8.28 billion. During the same quarter in the prior year, the business posted $2.31 EPS. NRG Energy's revenue for the quarter was up 15.6% compared to the same quarter last year. On average, equities research analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a dividend of $0.44 per share. The ex-dividend date was Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.13%. NRG Energy's payout ratio is 28.39%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NRG. StockNews.com cut shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Wells Fargo & Company upped their price target on shares of NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Guggenheim upped their price target on shares of NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Evercore ISI raised shares of NRG Energy from an "in-line" rating to an "outperform" rating and upped their price target for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Finally, Morgan Stanley upped their price target on shares of NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, NRG Energy has an average rating of "Moderate Buy" and a consensus target price of $140.75.

NRG Energy 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.