Sapient Capital LLC acquired a new position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,095 shares of the utilities provider's stock, valued at approximately $625,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. M&T Bank Corp lifted its stake in shares of NRG Energy by 11.7% in the fourth quarter. M&T Bank Corp now owns 23,485 shares of the utilities provider's stock worth $1,214,000 after acquiring an additional 2,451 shares in the last quarter. Amalgamated Bank lifted its stake in shares of NRG Energy by 27.0% in the fourth quarter. Amalgamated Bank now owns 99,152 shares of the utilities provider's stock worth $5,126,000 after acquiring an additional 21,049 shares in the last quarter. First Trust Direct Indexing L.P. acquired a new position in shares of NRG Energy in the fourth quarter worth about $292,000. Savant Capital LLC lifted its stake in shares of NRG Energy by 1.7% in the fourth quarter. Savant Capital LLC now owns 12,749 shares of the utilities provider's stock worth $659,000 after acquiring an additional 212 shares in the last quarter. Finally, Kestra Private Wealth Services LLC acquired a new position in shares of NRG Energy in the fourth quarter worth about $354,000. 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 stock in a transaction that occurred on Thursday, March 14th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.61% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts recently commented on NRG shares. Evercore ISI boosted their price target on NRG Energy from $55.00 to $65.00 and gave the stock an "in-line" rating in a research note on Monday, March 18th. BMO Capital Markets boosted their price objective on NRG Energy from $58.00 to $59.00 and gave the company a "market perform" rating in a report on Thursday, February 29th. Citigroup boosted their price objective on NRG Energy from $52.00 to $62.00 and gave the company a "buy" rating in a report on Friday, March 1st. StockNews.com raised NRG Energy from a "sell" rating to a "hold" rating in a report on Wednesday, March 6th. Finally, Wells Fargo & Company boosted their price objective on NRG Energy from $78.00 to $85.00 and gave the company an "overweight" rating in a report on Monday, March 25th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, NRG Energy currently has an average rating of "Hold" and a consensus price target of $59.50.
Check Out Our Latest Stock Report on NRG
NRG Energy Stock Performance
Shares of NYSE:NRG traded up $1.27 during trading on Monday, hitting $77.92. 4,248,353 shares of the company traded hands, compared to its average volume of 3,583,724. The stock has a market capitalization of $16.73 billion, a price-to-earnings ratio of -72.82 and a beta of 1.11. The business's fifty day moving average is $67.43 and its 200-day moving average is $55.53. NRG Energy, Inc. has a one year low of $30.62 and a one year high of $78.39. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 4.49.
NRG Energy (NYSE:NRG - Get Free Report) last posted its earnings results on Wednesday, February 28th. The utilities provider reported $1.14 EPS for the quarter, beating the consensus estimate of $0.94 by $0.20. The company had revenue of $6.81 billion during the quarter, compared to analyst estimates of $7.51 billion. NRG Energy had a positive return on equity of 44.03% and a negative net margin of 0.70%. As a group, equities analysts predict that NRG Energy, Inc. will post 5.36 earnings per share for the current fiscal year.
NRG Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Tuesday, April 30th. NRG Energy's dividend payout ratio (DPR) is -152.34%.
About NRG Energy
(
Free Report)
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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