4,061 Shares in NRG Energy, Inc. (NYSE:NRG) Bought by RFG Advisory LLC

RFG Advisory LLC bought a new position in shares of NRG Energy, Inc. (NYSE:NRG) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,061 shares of the utilities provider’s stock, valued at approximately $210,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. International Assets Investment Management LLC boosted its stake in NRG Energy by 1,398.1% during the fourth quarter. International Assets Investment Management LLC now owns 21,034 shares of the utilities provider’s stock worth $1,087,000 after acquiring an additional 19,630 shares in the last quarter. Strategic Blueprint LLC boosted its stake in NRG Energy by 13.8% during the fourth quarter. Strategic Blueprint LLC now owns 7,471 shares of the utilities provider’s stock worth $386,000 after acquiring an additional 907 shares in the last quarter. Rocky Mountain Advisers LLC raised its holdings in NRG Energy by 4.7% during the fourth quarter. Rocky Mountain Advisers LLC now owns 72,171 shares of the utilities provider’s stock worth $3,731,000 after buying an additional 3,267 shares during the last quarter. Tritonpoint Wealth LLC acquired a new position in NRG Energy during the fourth quarter worth $208,000. Finally, Stratos Wealth Partners LTD. acquired a new position in NRG Energy during the fourth quarter worth $210,000. 97.72% of the stock is owned by institutional investors.

NRG Energy Stock Performance

NYSE NRG opened at $73.93 on Friday. NRG Energy, Inc. has a 52-week low of $30.52 and a 52-week high of $76.11. The company has a 50-day simple moving average of $61.23 and a 200 day simple moving average of $51.93. The company has a debt-to-equity ratio of 4.49, a quick ratio of 0.96 and a current ratio of 1.02.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.20. The business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $7.51 billion. NRG Energy had a negative net margin of 0.70% and a positive return on equity of 44.03%. Analysts forecast that NRG Energy, Inc. will post 5.36 earnings per share for the current fiscal year.

NRG Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were given a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Wednesday, January 31st. This is a positive change from NRG Energy’s previous quarterly dividend of $0.38. NRG Energy’s dividend payout ratio (DPR) is currently -152.34%.

Insiders Place Their Bets

In other NRG Energy news, VP Rasesh M. Patel sold 49,092 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $62.59, for a total transaction of $3,072,668.28. Following the completion of the transaction, the vice president now owns 356,962 shares in the company, valued at $22,342,251.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on NRG. TheStreet upgraded shares of NRG Energy from a “c+” rating to a “b” rating in a report on Friday, December 29th. Wells Fargo & Company upped their price objective on shares of NRG Energy from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. Citigroup upped their price objective on shares of NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Evercore ISI upped their price objective on shares of NRG Energy from $55.00 to $65.00 and gave the stock an “in-line” rating in a report on Monday, March 18th. Finally, BMO Capital Markets increased their target price on shares of NRG Energy from $58.00 to $59.00 and gave the company a “market perform” rating in a report on Thursday, February 29th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, NRG Energy presently has a consensus rating of “Hold” and an average target price of $59.50.

NRG Energy 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.