TrueMark Investments LLC Takes Position in NRG Energy, Inc. (NYSE:NRG)

TrueMark Investments LLC bought a new stake in NRG Energy, Inc. (NYSE:NRG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 43,984 shares of the utilities provider’s stock, valued at approximately $3,968,000.

Several other large investors also recently modified their holdings of the business. Prudential Financial Inc. lifted its holdings in shares of NRG Energy by 3.1% during the 4th quarter. Prudential Financial Inc. now owns 1,374,245 shares of the utilities provider’s stock valued at $123,984,000 after purchasing an additional 41,094 shares in the last quarter. Napatree Capital LLC raised its holdings in NRG Energy by 13.7% during the 4th quarter. Napatree Capital LLC now owns 4,736 shares of the utilities provider’s stock worth $427,000 after buying an additional 570 shares during the period. Stevens Capital Management LP bought a new position in NRG Energy in the fourth quarter valued at approximately $867,000. LPL Financial LLC boosted its holdings in shares of NRG Energy by 19.6% in the fourth quarter. LPL Financial LLC now owns 221,039 shares of the utilities provider’s stock valued at $19,942,000 after buying an additional 36,181 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in shares of NRG Energy during the fourth quarter worth $692,000. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Trading Down 0.6 %

Shares of NRG Energy stock opened at $102.26 on Wednesday. The stock has a market cap of $20.83 billion, a P/E ratio of 25.69, a P/E/G ratio of 1.01 and a beta of 1.13. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a 12-month low of $65.11 and a 12-month high of $117.26. The business’s 50 day moving average is $102.28 and its 200-day moving average is $95.43.

NRG Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.44 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.72%. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s dividend payout ratio (DPR) is currently 35.92%.

Insider Transactions at NRG Energy

In other news, CFO Bruce Chung sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $97.63, for a total value of $1,952,600.00. Following the completion of the sale, the chief financial officer now directly owns 69,454 shares of the company’s stock, valued at $6,780,794.02. This trade represents a 22.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Robert J. Gaudette sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total value of $5,484,600.00. Following the transaction, the vice president now directly owns 64,448 shares in the company, valued at $5,891,191.68. The trade was a 48.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on NRG shares. Guggenheim boosted their price objective on shares of NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and upped their price objective for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. Wells Fargo & Company increased their price objective on NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. BMO Capital Markets boosted their target price on NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a research note on Monday, March 3rd. Finally, StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $123.29.

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.