Border to Coast Pensions Partnership Ltd Raises Stock Holdings in NRG Energy, Inc. $NRG

Key Points

• Border to Coast Pensions Partnership Ltd increased its stake in NRG by 39.5% in Q4 to 232,623 shares (about $37.11 million), representing roughly 0.12% of the company.
• Analyst sentiment is a Moderate Buy with an average price target of $198.21, with recent targets and ratings ranging from around $153 to $206 (Goldman Sachs initiated coverage at a buy/$197; Wells Fargo $206 overweight).
• NRG posted Q4 EPS of $1.04 (missed $1.19 consensus) while revenue rose 13.7% to $7.75 billion, and the company raised its quarterly dividend to $0.475 ($1.90 annualized, ~1.1% yield).

Border to Coast Pensions Partnership Ltd increased its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 39.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 232,623 shares of the utilities provider's stock after acquiring an additional 65,888 shares during the period. Border to Coast Pensions Partnership Ltd owned approximately 0.12% of NRG Energy worth $37,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NRG. Quent Capital LLC purchased a new position in NRG Energy in the 3rd quarter worth $25,000. Atlantic Union Bankshares Corp raised its stake in NRG Energy by 90.4% in the 3rd 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. BOKF NA raised its stake in shares of NRG Energy by 3,714.3% during the 3rd quarter. BOKF NA now owns 267 shares of the utilities provider's stock valued at $43,000 after buying an additional 260 shares during the last quarter. Beaird Harris Wealth Management LLC raised its stake 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 buying an additional 335 shares during the last quarter. Finally, First Horizon Corp purchased a new position in shares of NRG Energy during the 3rd quarter valued at about $67,000. Hedge funds and other institutional investors own 97.72% of the company's stock.

Analysts Set New Price Targets

NRG has been the subject of a number of recent research reports. The Goldman Sachs Group initiated coverage on NRG Energy in a research note on Friday, March 6th. They set a "buy" rating and a $197.00 price objective for the company. Wells Fargo & Company lifted their price objective on NRG Energy from $202.00 to $206.00 and gave the company an "overweight" rating in a research note on Tuesday, January 20th. Morgan Stanley set a $153.00 price objective on NRG Energy in a research note on Tuesday, February 17th. Weiss Ratings lowered NRG Energy from a "buy (b)" rating to a "hold (c+)" rating in a research note on Thursday, February 26th. Finally, Jefferies Financial Group cut their price target on NRG Energy from $198.00 to $181.00 and set a "buy" rating for the company in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $198.21.

Insider Buying and Selling at NRG Energy

In other news, VP Virginia Kinney sold 5,000 shares of the business's stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $156.65, for a total transaction of $783,250.00. Following the transaction, the vice president directly owned 55,495 shares in the company, valued at $8,693,291.75. The trade was a 8.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.43% of the stock is currently owned by corporate insiders.

NRG Energy Price Performance

NYSE:NRG opened at $169.00 on Thursday. NRG Energy, Inc. has a 12 month low of $90.84 and a 12 month high of $189.96. The stock has a 50 day moving average of $160.52 and a two-hundred day moving average of $161.38. The company has a current ratio of 1.64, a quick ratio of 1.58 and a debt-to-equity ratio of 15.92. The firm has a market cap of $36.26 billion, a P/E ratio of 42.89 and a beta of 1.35.

NRG Energy (NYSE:NRG - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $6.68 billion. During the same quarter last year, the firm posted $1.56 earnings per share. NRG Energy's quarterly revenue was up 13.7% on a year-over-year basis. On average, analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.475 per share. The ex-dividend date was Monday, February 2nd. This represents a $1.90 annualized dividend and a dividend yield of 1.1%. This is an increase from NRG Energy's previous quarterly dividend of $0.44. NRG Energy's 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.

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