Signaturefd LLC Purchases 271 Shares of NRG Energy, Inc. (NYSE:NRG)

Signaturefd LLC increased its position in NRG Energy, Inc. (NYSE:NRG) by 6.9% during the 4th quarter, Holdings Channel reports. The firm owned 4,174 shares of the utilities provider’s stock after acquiring an additional 271 shares during the quarter. Signaturefd LLC’s holdings in NRG Energy were worth $216,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. abrdn plc grew its stake in NRG Energy by 71.6% in the fourth quarter. abrdn plc now owns 96,473 shares of the utilities provider’s stock worth $4,988,000 after purchasing an additional 40,267 shares in the last quarter. Greenleaf Trust grew its stake in NRG Energy by 11.5% in the fourth quarter. Greenleaf Trust now owns 8,357 shares of the utilities provider’s stock worth $432,000 after purchasing an additional 864 shares in the last quarter. Trust Investment Advisors bought a new position in NRG Energy in the fourth quarter worth approximately $240,000. Daiwa Securities Group Inc. grew its stake in NRG Energy by 5.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 20,010 shares of the utilities provider’s stock worth $1,035,000 after purchasing an additional 1,040 shares in the last quarter. Finally, Quantum Private Wealth LLC bought a new position in NRG Energy in the fourth quarter worth approximately $252,000. Institutional investors own 97.72% of the company’s stock.

Insiders Place Their Bets

In other news, VP Rasesh M. Patel sold 49,092 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $62.59, for a total transaction of $3,072,668.28. Following the sale, the vice president now directly owns 356,962 shares in the company, valued at approximately $22,342,251.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.86% of the stock is owned by insiders.

NRG Energy Stock Performance

Shares of NRG stock opened at $72.81 on Friday. The company has a debt-to-equity ratio of 4.49, a quick ratio of 0.96 and a current ratio of 1.02. The business has a fifty day moving average of $65.17 and a 200 day moving average of $54.28. NRG Energy, Inc. has a 1 year low of $30.52 and a 1 year high of $76.54.

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

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a yield of 2.24%. The ex-dividend date is Tuesday, April 30th. NRG Energy’s dividend payout ratio is currently -152.34%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wells Fargo & Company upped their target price on 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 target price on NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, March 1st. StockNews.com upgraded NRG Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. BMO Capital Markets upped their target price on NRG Energy from $58.00 to $59.00 and gave the stock a “market perform” rating in a report on Thursday, February 29th. Finally, Evercore ISI increased their price objective on NRG Energy from $55.00 to $65.00 and gave the company an “in-line” rating in a report on Monday, March 18th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $59.50.

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.