Leigh Baldwin & CO. LLC Buys New Stake in NRG Energy, Inc. (NYSE:NRG)

Leigh Baldwin & CO. LLC bought a new position in NRG Energy, Inc. (NYSE:NRG - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 548,814 shares of the utilities provider's stock, valued at approximately $54,881,000. Leigh Baldwin & CO. LLC owned approximately 0.27% of NRG Energy as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Schechter Investment Advisors LLC increased its holdings in NRG Energy by 0.8% in the 4th quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider's stock worth $1,436,000 after acquiring an additional 120 shares in the last quarter. Mather Group LLC. increased its stake in shares of NRG Energy by 18.4% in the fourth quarter. Mather Group LLC. now owns 803 shares of the utilities provider's stock worth $72,000 after purchasing an additional 125 shares in the last quarter. Grove Bank & Trust raised its position in shares of NRG Energy by 29.7% during the 4th quarter. Grove Bank & Trust now owns 564 shares of the utilities provider's stock valued at $51,000 after purchasing an additional 129 shares during the period. Hanseatic Management Services Inc. lifted its stake in shares of NRG Energy by 12.0% during the 4th quarter. Hanseatic Management Services Inc. now owns 1,244 shares of the utilities provider's stock valued at $112,000 after buying an additional 133 shares in the last quarter. Finally, Impact Partnership Wealth LLC boosted its holdings in NRG Energy by 3.1% in the 4th quarter. Impact Partnership Wealth LLC now owns 4,505 shares of the utilities provider's stock worth $406,000 after buying an additional 137 shares during the period. Institutional investors own 97.72% of the company's stock.

Wall Street Analyst Weigh In

NRG has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price objective on shares of NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday. Evercore ISI raised shares of NRG Energy from an "in-line" rating to an "outperform" rating and raised their target price for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Morgan Stanley raised their price objective on NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. BMO Capital Markets reiterated a "market perform" rating and issued a $167.00 target price (up from $115.00) on shares of NRG Energy in a research report on Wednesday. Finally, 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. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, NRG Energy has an average rating of "Moderate Buy" and a consensus price target of $140.75.

NRG Energy Trading Up 0.8%

Shares of NYSE NRG traded up $1.21 during trading hours on Thursday, reaching $155.02. The stock had a trading volume of 4,023,758 shares, compared to its average volume of 3,016,035. NRG Energy, Inc. has a 52-week low of $65.11 and a 52-week high of $158.66. The firm has a market cap of $31.57 billion, a price-to-earnings ratio of 38.95, a P/E/G ratio of 1.01 and a beta of 1.00. The business's fifty day moving average price is $103.10 and its two-hundred day moving average price is $100.03. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.62 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 firm had revenue of $8.59 billion for the quarter, compared to analyst estimates of $8.28 billion. During the same quarter last year, the firm posted $2.31 earnings per share. The business's revenue for the quarter was up 15.6% on a year-over-year basis. Analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.14%. The ex-dividend date is Thursday, May 1st. NRG Energy's payout ratio is 28.39%.

NRG Energy Company 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.