Patton Fund Management Inc. Has $5.65 Million Stock Position in NRG Energy, Inc. $NRG

Key Points

• Patton Fund Management boosted its stake in NRG Energy (NYSE:NRG) by 70.3% to 35,475 shares, now worth $5.649 million, and other large institutions (e.g., Marshall Wace) also added positions amid ~97.72% institutional ownership.
• Q4 results showed NRG missed EPS ($1.04 vs. $1.19 est.) but beat on revenue ($7.75B, +13.7% YoY), signaling stronger top-line growth despite the earnings miss.
• Dividend and analyst outlook: NRG raised its quarterly dividend to $0.475 (annual $1.90, yield ~1.1%, DPR 48.2%), and analysts hold a "Moderate Buy" consensus with an average target of $198.21.

Patton Fund Management Inc. boosted its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 70.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,475 shares of the utilities provider's stock after buying an additional 14,641 shares during the period. Patton Fund Management Inc.'s holdings in NRG Energy were worth $5,649,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its position in NRG Energy by 41.8% in the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider's stock worth $468,000 after purchasing an additional 1,528 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in NRG Energy in the 1st quarter worth about $323,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in NRG Energy by 7.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,257 shares of the utilities provider's stock worth $1,934,000 after purchasing an additional 1,381 shares during the last quarter. Woodline Partners LP increased its position in NRG Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 17,114 shares of the utilities provider's stock worth $1,634,000 after purchasing an additional 4,949 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in NRG Energy in the 2nd quarter worth about $7,937,000. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Stock Performance

NRG stock opened at $170.03 on Tuesday. The business's 50-day moving average price is $159.65 and its two-hundred day moving average price is $161.31. 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 $36.48 billion, a PE ratio of 43.16 and a beta of 1.35. NRG Energy, Inc. has a 1-year low of $90.84 and a 1-year high of $189.96.

NRG Energy (NYSE:NRG - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $6.68 billion. NRG Energy had a net margin of 2.81% and a return on equity of 109.48%. NRG Energy's quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.56 EPS. As a group, research analysts forecast that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were given a dividend of $0.475 per share. This is an increase from NRG Energy's previous quarterly dividend of $0.44. This represents a $1.90 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Monday, February 2nd. NRG Energy's dividend payout ratio (DPR) is currently 48.22%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NRG. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $225.00 target price on shares of NRG Energy in a research report on Monday, February 23rd. Wolfe Research raised NRG Energy from a "peer perform" rating to an "outperform" rating and set a $190.00 target price on the stock in a research report on Wednesday, March 18th. Zacks Research raised NRG Energy from a "strong sell" rating to a "hold" rating in a research report on Monday, February 23rd. Morgan Stanley set a $153.00 target price on NRG Energy in a research report on Tuesday, February 17th. Finally, Barclays decreased their price target on NRG Energy from $203.00 to $200.00 and set an "overweight" rating for the company in a research note on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $198.21.

Insider Buying and Selling at NRG Energy

In other news, VP Virginia Kinney sold 5,000 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $156.65, for a total value of $783,250.00. Following the completion of the transaction, the vice president directly owned 55,495 shares in the company, valued at approximately $8,693,291.75. This represents a 8.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.43% of the company's stock.

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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