TrueMark Investments LLC Purchases 13,333 Shares of NRG Energy, Inc. (NYSE:NRG)

TrueMark Investments LLC raised its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 30.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,317 shares of the utilities provider's stock after purchasing an additional 13,333 shares during the period. NRG Energy makes up approximately 1.4% of TrueMark Investments LLC's holdings, making the stock its 15th largest holding. TrueMark Investments LLC's holdings in NRG Energy were worth $5,471,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NRG. Heartland Bank & Trust Co purchased a new position in shares of NRG Energy during the 1st quarter valued at about $385,000. Brendel Financial Advisors LLC purchased a new position in shares of NRG Energy during the first quarter worth approximately $2,126,000. Spirit of America Management Corp NY lifted its holdings in shares of NRG Energy by 65.9% in the 1st quarter. Spirit of America Management Corp NY now owns 3,650 shares of the utilities provider's stock worth $348,000 after acquiring an additional 1,450 shares during the last quarter. HCR Wealth Advisors boosted its stake in shares of NRG Energy by 386.7% in the 1st quarter. HCR Wealth Advisors now owns 23,985 shares of the utilities provider's stock valued at $2,290,000 after purchasing an additional 19,057 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of NRG Energy by 13.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 16,391 shares of the utilities provider's stock valued at $1,565,000 after purchasing an additional 1,973 shares during the last quarter. Institutional investors own 97.72% of the company's stock.

NRG Energy Trading Up 1.2%

NYSE:NRG traded up $1.76 during trading hours on Tuesday, hitting $153.81. The company had a trading volume of 2,646,222 shares, compared to its average volume of 2,967,199. The company has a debt-to-equity ratio of 4.61, a current ratio of 1.06 and a quick ratio of 1.02. The stock has a 50-day moving average price of $138.20 and a 200 day moving average price of $112.25. The company has a market capitalization of $30.07 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 1.21 and a beta of 1.13. NRG Energy, Inc. has a 52 week low of $65.11 and a 52 week high of $162.33.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, topping the consensus estimate of $0.72 by $1.90. The business had revenue of $8.59 billion during the quarter, compared to analyst estimates of $8.28 billion. NRG Energy had a net margin of 4.66% and a return on equity of 73.78%. NRG Energy's quarterly revenue was up 15.6% compared to the same quarter last year. During the same period last year, the business posted $2.31 earnings per share. On average, equities research analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a dividend of $0.44 per share. The ex-dividend date was Thursday, May 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.14%. NRG Energy's payout ratio is 28.39%.

Insider Transactions at NRG Energy

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of NRG Energy stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $154.50, for a total value of $7,725,000.00. Following the completion of the transaction, the director now directly owns 55,427 shares of the company's stock, valued at approximately $8,563,471.50. The trade was a 47.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NRG shares. Raymond James Financial began coverage on shares of NRG Energy in a research report on Friday, June 13th. They set a "strong-buy" rating and a $195.00 price target for the company. BMO Capital Markets restated a "market perform" rating and set a $167.00 target price (up from $115.00) on shares of NRG Energy in a report on Wednesday, May 14th. Jefferies Financial Group lifted their price target on NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. The Goldman Sachs Group began coverage on NRG Energy in a research report on Friday, April 4th. They issued a "buy" rating and a $129.00 price objective for the company. Finally, Wall Street Zen cut shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, NRG Energy has a consensus rating of "Moderate Buy" and a consensus target price of $146.78.

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.