NRG Energy, Inc. $NRG Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 15.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,284 shares of the utilities provider’s stock after purchasing an additional 5,089 shares during the period. SG Americas Securities LLC’s holdings in NRG Energy were worth $5,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NRG. Quent Capital LLC acquired a new position in shares of NRG Energy in the 3rd quarter valued at about $25,000. Atlantic Union Bankshares Corp grew its holdings in NRG Energy by 90.4% during the third quarter. Atlantic Union Bankshares Corp now owns 179 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 85 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in NRG Energy during the second quarter valued at approximately $35,000. BOKF NA lifted its holdings in NRG Energy by 3,714.3% in the third quarter. BOKF NA now owns 267 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 260 shares during the period. Finally, Beaird Harris Wealth Management LLC lifted its holdings in NRG Energy by 1,970.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the utilities provider’s stock valued at $57,000 after acquiring an additional 335 shares during the period. 97.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, VP Brian Curci sold 46,976 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $158.84, for a total value of $7,461,667.84. Following the completion of the sale, the vice president owned 46,113 shares in the company, valued at approximately $7,324,588.92. This represents a 50.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert J. Gaudette sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $158.76, for a total transaction of $7,144,200.00. Following the completion of the transaction, the vice president directly owned 63,920 shares in the company, valued at $10,147,939.20. This trade represents a 41.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 177,556 shares of company stock valued at $28,333,696 over the last ninety days. 0.43% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NRG has been the subject of several recent research reports. Weiss Ratings lowered shares of NRG Energy from a “buy (b)” rating to a “hold (c+)” rating in a report on Thursday, February 26th. Barclays lowered their price target on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday. UBS Group started coverage on shares of NRG Energy in a research report on Tuesday, December 9th. They set a “buy” rating and a $211.00 price target on the stock. Morgan Stanley set a $153.00 price objective on shares of NRG Energy in a research report on Tuesday, February 17th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $225.00 target price on shares of NRG Energy in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $198.21.

NRG Energy Price Performance

Shares of NRG Energy stock opened at $146.24 on Wednesday. The stock has a market capitalization of $31.38 billion, a P/E ratio of 37.12 and a beta of 1.26. The business has a 50 day simple moving average of $158.71 and a two-hundred day simple moving average of $161.84. NRG Energy, Inc. has a 12 month low of $79.57 and a 12 month high of $189.96. The company has a debt-to-equity ratio of 15.92, a current ratio of 1.64 and a quick ratio of 1.58.

NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Tuesday, February 24th. The utilities provider reported $1.04 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.15). NRG Energy had a return on equity of 109.48% and a net margin of 2.81%.The firm had revenue of $7.75 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter in the previous year, the firm posted $1.56 earnings per share. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.3%. This is a positive change from NRG Energy’s previous quarterly dividend of $0.44. The ex-dividend date was Monday, February 2nd. NRG Energy’s dividend payout ratio (DPR) is currently 48.22%.

NRG Energy Profile

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.