TrueMark Investments LLC Has $4.79 Million Stock Holdings in NRG Energy, Inc. $NRG

Key Points

• TrueMark Investments LLC has reduced its holdings in NRG Energy by 48%, now owning 29,803 shares worth approximately $4.79 million.
• A majority of shares (97.72%) in NRG Energy are held by institutional investors, with several firms increasing their positions recently.
• Wall Street analysts generally favor NRG Energy, with an average rating of "Moderate Buy" and a price target of $188.85, although recent movements include some downgrades.

TrueMark Investments LLC lessened its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 48.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 29,803 shares of the utilities provider's stock after selling 27,514 shares during the period. TrueMark Investments LLC's holdings in NRG Energy were worth $4,786,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NRG. Brighton Jones LLC boosted its position in shares of NRG Energy by 41.8% during the fourth 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 in the last quarter. GAMMA Investing LLC boosted its position in shares of NRG Energy by 10.9% during the first quarter. GAMMA Investing LLC now owns 6,928 shares of the utilities provider's stock worth $661,000 after purchasing an additional 679 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of NRG Energy by 54.4% during the first quarter. Exchange Traded Concepts LLC now owns 6,215 shares of the utilities provider's stock worth $593,000 after purchasing an additional 2,190 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of NRG Energy by 28.4% during the first quarter. Janney Montgomery Scott LLC now owns 16,815 shares of the utilities provider's stock worth $1,605,000 after purchasing an additional 3,721 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of NRG Energy by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 23,728 shares of the utilities provider's stock worth $2,265,000 after purchasing an additional 630 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Melius initiated coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $308.00 price target on the stock. Melius Research initiated coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price objective on the stock. Scotiabank initiated coverage on shares of NRG Energy in a research report on Monday, September 22nd. They issued a "sector outperform" rating and a $212.00 price objective on the stock. Wall Street Zen cut shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Zacks Research raised shares of NRG Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, NRG Energy has an average rating of "Moderate Buy" and an average target price of $188.85.

Insider Buying and Selling

In other news, VP Dak Liyanearachchi sold 10,672 shares of the business's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the transaction, the vice president directly owned 48,571 shares in the company, valued at $7,528,505. The trade was a 18.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is owned by company insiders.

NRG Energy Trading Down 0.4%

Shares of NYSE:NRG opened at $169.22 on Friday. The company's 50-day moving average price is $158.08 and its two-hundred day moving average price is $145.82. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88. NRG Energy, Inc. has a one year low of $79.57 and a one year high of $175.96. The stock has a market capitalization of $32.73 billion, a PE ratio of 76.57, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14.

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

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $1.76 annualized dividend and a yield of 1.0%. NRG Energy's payout ratio is 79.64%.

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.

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