4,066 Shares in NRG Energy, Inc. (NYSE:NRG) Acquired by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. purchased a new position in shares of NRG Energy, Inc. (NYSE:NRG) in the 4th quarter, Holdings Channel.com reports. The firm purchased 4,066 shares of the utilities provider’s stock, valued at approximately $210,000.

Other large investors have also recently made changes to their positions in the company. Coppell Advisory Solutions Corp. purchased a new stake in shares of NRG Energy during the fourth quarter worth approximately $25,000. Coppell Advisory Solutions LLC acquired a new position in NRG Energy during the second quarter worth $37,000. Northwestern Mutual Wealth Management Co. grew its holdings in 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 purchased a new stake in NRG Energy in the 3rd quarter valued at $41,000. Finally, CENTRAL TRUST Co grew its holdings in NRG Energy by 1,005.5% in the 4th quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider’s stock valued at $42,000 after buying an additional 734 shares in the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Price Performance

NRG Energy stock opened at $74.54 on Wednesday. The company’s 50 day simple moving average is $62.04 and its 200-day simple moving average is $52.52. The company has a market capitalization of $16.01 billion, a price-to-earnings ratio of -69.66 and a beta of 1.13. NRG Energy, Inc. has a 1 year low of $30.52 and a 1 year high of $76.54. 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 announced its quarterly earnings data 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. The firm had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $7.51 billion. NRG Energy had a negative net margin of 0.70% and a positive return on equity of 44.03%. As a group, equities research analysts expect that NRG Energy, Inc. will post 5.36 earnings per share for the current year.

NRG Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were issued a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a yield of 2.19%. The ex-dividend date was Wednesday, January 31st. This is a boost from NRG Energy’s previous quarterly dividend of $0.38. NRG Energy’s payout ratio is -152.34%.

Insiders Place Their Bets

In other NRG Energy news, VP Rasesh M. Patel sold 49,092 shares of the business’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 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 approximately $22,342,251.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NRG. Evercore ISI raised their price objective on shares of NRG Energy from $55.00 to $65.00 and gave the stock an “in-line” rating in a research report on Monday, March 18th. Morgan Stanley raised 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 report on Tuesday, March 26th. Citigroup raised their price objective on shares of NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. StockNews.com upgraded shares of NRG Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Finally, BMO Capital Markets raised their price objective on shares of NRG Energy from $58.00 to $59.00 and gave the stock a “market perform” rating in a research report on Thursday, February 29th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, NRG Energy has a consensus rating of “Hold” and a consensus target price 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.