State of Wyoming Buys 2,546 Shares of NRG Energy, Inc. (NYSE:NRG)

State of Wyoming lifted its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 179.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,961 shares of the utilities provider's stock after buying an additional 2,546 shares during the quarter. State of Wyoming's holdings in NRG Energy were worth $357,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Affinity Wealth Management LLC grew its position in shares of NRG Energy by 7.8% during the fourth quarter. Affinity Wealth Management LLC now owns 42,748 shares of the utilities provider's stock worth $3,857,000 after purchasing an additional 3,084 shares in the last quarter. SteelPeak Wealth LLC purchased a new stake in shares of NRG Energy during the fourth quarter worth about $2,418,000. SBI Securities Co. Ltd. purchased a new stake in shares of NRG Energy during the fourth quarter worth about $32,000. Townsquare Capital LLC grew its position in shares of NRG Energy by 97.4% during the fourth quarter. Townsquare Capital LLC now owns 5,233 shares of the utilities provider's stock worth $472,000 after purchasing an additional 2,582 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of NRG Energy during the fourth quarter worth about $545,000. Institutional investors own 97.72% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NRG. Jefferies Financial Group raised their price target on NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a report on Monday, May 5th. The Goldman Sachs Group started coverage on NRG Energy in a report on Friday, April 4th. They issued a "buy" rating and a $129.00 target price for the company. Wells Fargo & Company lifted their target price on NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Guggenheim lifted their target price on NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Finally, Wall Street Zen cut 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 and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $140.75.

NRG Energy Trading Down 0.2%

Shares of NRG stock traded down $0.34 on Tuesday, reaching $157.48. 486,350 shares of the company's stock were exchanged, compared to its average volume of 3,012,676. NRG Energy, Inc. has a 52 week low of $65.11 and a 52 week high of $161.78. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The stock has a market capitalization of $30.79 billion, a PE ratio of 39.65, a P/E/G ratio of 1.01 and a beta of 1.00. The company's fifty day simple moving average is $113.51 and its 200 day simple moving average is $103.92.

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

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a $0.44 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.12%. NRG Energy's payout ratio is currently 28.39%.

About NRG Energy

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.