Friedenthal Financial Acquires New Position in NRG Energy, Inc. (NYSE:NRG)

Friedenthal Financial acquired a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 14,376 shares of the utilities provider's stock, valued at approximately $743,000.

A number of other institutional investors have also recently bought and sold shares of the company. Coppell Advisory Solutions Corp. acquired a new stake in NRG Energy during the fourth quarter valued at approximately $25,000. Coppell Advisory Solutions LLC bought a new stake in shares of NRG Energy in the 2nd quarter valued at $37,000. Northwestern Mutual Wealth Management Co. increased its position in shares of NRG Energy by 4,030.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,239 shares of the utilities provider's stock valued at $39,000 after buying an additional 1,209 shares in the last quarter. Authentikos Wealth Advisory LLC bought a new stake in shares of NRG Energy in the 3rd quarter valued at $41,000. Finally, CENTRAL TRUST Co increased its holdings in NRG Energy by 1,005.5% during the 4th quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider's stock worth $42,000 after purchasing an additional 734 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

Insider Buying and Selling

In related news, VP Rasesh M. Patel sold 49,092 shares of the firm's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $62.59, for a total value of $3,072,668.28. Following the completion of the transaction, the vice president now directly owns 356,962 shares of the company's stock, valued at approximately $22,342,251.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.86% of the stock is owned by insiders.

NRG Energy Stock Down 0.9 %

Shares of NRG traded down $0.67 on Friday, reaching $73.92. The company's stock had a trading volume of 4,281,295 shares, compared to its average volume of 3,691,565. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 4.49. NRG Energy, Inc. has a twelve month low of $30.52 and a twelve month high of $76.11. The stock has a market capitalization of $15.87 billion, a PE ratio of -69.08 and a beta of 1.13. The firm has a fifty day moving average of $61.23 and a 200-day moving average of $51.84.

NRG Energy (NYSE:NRG - Get Free Report) last released its earnings results on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.20. NRG Energy had a negative net margin of 0.70% and a positive return on equity of 44.03%. The firm had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $7.51 billion. Equities analysts predict that NRG Energy, Inc. will post 5.36 EPS for the current year.

NRG Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 1st were issued a $0.4075 dividend. The ex-dividend date was Wednesday, January 31st. This is an increase from NRG Energy's previous quarterly dividend of $0.38. This represents a $1.63 annualized dividend and a yield of 2.21%. NRG Energy's dividend payout ratio (DPR) is -152.34%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Evercore ISI increased their target price on NRG Energy from $55.00 to $65.00 and gave the stock an "in-line" rating in a report on Monday, March 18th. StockNews.com upgraded shares of NRG Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, March 6th. TheStreet upgraded shares of NRG Energy from a "c+" rating to a "b" rating in a research note on Friday, December 29th. Citigroup increased their price objective on shares of NRG Energy from $52.00 to $62.00 and gave the stock a "buy" rating in a research note on Friday, March 1st. Finally, Morgan Stanley increased their price objective on shares of NRG Energy from $51.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 26th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $59.50.

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.