TCV Trust & Wealth Management Inc. Buys Shares of 6,910 NRG Energy, Inc. $NRG

Key Points

• TCV Trust & Wealth Management Inc. invested $1.11 million in NRG Energy, acquiring 6,910 shares during the second quarter.
• Barclays increased their price target on NRG Energy to $203.00, maintaining an "overweight" rating, while Citigroup raised theirs to $185.00 with a "buy" rating.
• NRG Energy recently announced a quarterly dividend of $0.44 per share, with an annualized yield of 1.1% and a payout ratio of 79.64%.

TCV Trust & Wealth Management Inc. acquired a new position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 6,910 shares of the utilities provider's stock, valued at approximately $1,110,000.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC increased its stake in NRG Energy by 41.8% during the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider's stock valued at $468,000 after purchasing an additional 1,528 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in NRG Energy by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,876 shares of the utilities provider's stock worth $1,703,000 after buying an additional 820 shares in the last quarter. State of Wyoming boosted its holdings in NRG Energy by 179.9% during the fourth quarter. State of Wyoming now owns 3,961 shares of the utilities provider's stock worth $357,000 after buying an additional 2,546 shares in the last quarter. Woodline Partners LP purchased a new position in NRG Energy during the fourth quarter valued at $1,098,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in NRG Energy by 17.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,223,591 shares of the utilities provider's stock valued at $110,392,000 after purchasing an additional 182,438 shares in the last quarter. Institutional investors own 97.72% of the company's stock.

NRG Energy Stock Performance

Shares of NRG stock traded down $2.89 during mid-day trading on Tuesday, hitting $168.08. The stock had a trading volume of 731,972 shares, compared to its average volume of 3,085,669. NRG Energy, Inc. has a fifty-two week low of $79.57 and a fifty-two week high of $175.96. The firm has a market cap of $32.51 billion, a PE ratio of 76.02, a PEG ratio of 1.35 and a beta of 1.17. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88. The company's 50-day simple moving average is $154.84 and its 200-day simple moving average is $136.88.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.72 by ($0.04). NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The company had revenue of $6.74 billion during the quarter, compared to analysts' expectations of $6.63 billion. During the same quarter in the prior year, the business earned $3.37 EPS. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. Sell-side analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a $0.44 dividend. The ex-dividend date was Friday, August 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. NRG Energy's dividend payout ratio (DPR) is 79.64%.

Insider Activity at NRG Energy

In related news, VP Dak Liyanearachchi sold 10,672 shares of the firm's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total value of $1,654,160.00. Following the completion of the sale, the vice president owned 48,571 shares in the company, valued at $7,528,505. This trade represents a 18.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NRG has been the topic of several research reports. Melius Research initiated coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price target on the stock. BMO Capital Markets lifted their target price on shares of NRG Energy from $167.00 to $185.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 6th. Citigroup boosted their price target on shares of NRG Energy from $133.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Barclays lifted their price objective on shares of NRG Energy from $197.00 to $203.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Finally, Melius began coverage on shares of NRG Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $188.85.

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.