Total Wealth Planning & Management Inc. Takes $1.03 Million Position in NRG Energy, Inc. (NYSE:NRG)

Total Wealth Planning & Management Inc. acquired a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 11,388 shares of the utilities provider's stock, valued at approximately $1,027,000. NRG Energy accounts for about 0.9% of Total Wealth Planning & Management Inc.'s investment portfolio, making the stock its 20th largest position.

Other large investors also recently modified their holdings of the company. Schechter Investment Advisors LLC lifted its position in shares of NRG Energy by 0.8% in the fourth quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider's stock worth $1,436,000 after buying an additional 120 shares in the last quarter. Mather Group LLC. increased its stake in NRG Energy by 18.4% in the 4th quarter. Mather Group LLC. now owns 803 shares of the utilities provider's stock worth $72,000 after acquiring an additional 125 shares during the last quarter. Avestar Capital LLC raised its holdings in shares of NRG Energy by 4.7% during the 4th quarter. Avestar Capital LLC now owns 3,046 shares of the utilities provider's stock worth $275,000 after acquiring an additional 138 shares in the last quarter. Independent Advisor Alliance boosted its position in shares of NRG Energy by 5.9% during the 4th quarter. Independent Advisor Alliance now owns 2,619 shares of the utilities provider's stock valued at $236,000 after acquiring an additional 146 shares during the last quarter. Finally, Huntington National Bank boosted its position in shares of NRG Energy by 28.3% during the 4th quarter. Huntington National Bank now owns 662 shares of the utilities provider's stock valued at $60,000 after acquiring an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NRG shares. BMO Capital Markets restated a "market perform" rating and issued a $167.00 price target (up previously from $115.00) on shares of NRG Energy in a research report on Wednesday, May 14th. Wells Fargo & Company boosted their target price on shares of NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Wall Street Zen downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Guggenheim lifted their price target on NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Finally, The Goldman Sachs Group assumed coverage on NRG Energy in a research report on Friday, April 4th. They set a "buy" rating and a $129.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $140.75.

NRG Energy Trading Up 0.9%

NYSE:NRG traded up $1.37 during mid-day trading on Friday, hitting $155.84. 3,798,314 shares of the stock traded hands, compared to its average volume of 3,032,013. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a 52 week low of $65.11 and a 52 week high of $161.78. The stock has a market capitalization of $30.47 billion, a price-to-earnings ratio of 39.16, a PEG ratio of 1.01 and a beta of 1.00. The firm's 50 day moving average is $117.86 and its two-hundred day moving average is $105.49.

NRG Energy (NYSE:NRG - Get Free Report) last announced its earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the previous year, the business earned $2.31 earnings per share. The company's revenue for the quarter was up 15.6% compared to the same quarter last year. On average, equities research analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.13%. NRG Energy's dividend payout ratio (DPR) is 28.39%.

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.