5,652 Shares in NRG Energy, Inc. (NYSE:NRG) Bought by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. acquired a new position in shares of NRG Energy, Inc. (NYSE:NRG) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,652 shares of the utilities provider’s stock, valued at approximately $292,000.

Several other large investors have also recently added to or reduced their stakes in NRG. Savant Capital LLC grew its holdings in NRG Energy by 1.7% during the fourth quarter. Savant Capital LLC now owns 12,749 shares of the utilities provider’s stock worth $659,000 after acquiring an additional 212 shares during the period. Blue Trust Inc. grew its holdings in NRG Energy by 35.4% during the fourth quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 226 shares during the period. Teacher Retirement System of Texas boosted its position in shares of NRG Energy by 1.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 17,828 shares of the utilities provider’s stock valued at $687,000 after purchasing an additional 270 shares during the period. Signaturefd LLC boosted its position in shares of NRG Energy by 6.9% in the 4th quarter. Signaturefd LLC now owns 4,174 shares of the utilities provider’s stock valued at $216,000 after purchasing an additional 271 shares during the period. Finally, Coldstream Capital Management Inc. boosted its position in shares of NRG Energy by 4.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 6,371 shares of the utilities provider’s stock valued at $245,000 after purchasing an additional 290 shares during the period. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Stock Performance

Shares of NYSE NRG opened at $73.40 on Wednesday. NRG Energy, Inc. has a 12 month low of $30.62 and a 12 month high of $83.03. The company has a market cap of $15.76 billion, a P/E ratio of -68.60 and a beta of 1.11. The business’s 50 day moving average is $68.32 and its two-hundred day moving average is $56.03. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 4.49.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $1.14 EPS for the quarter, beating the consensus estimate of $0.94 by $0.20. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $7.51 billion. NRG Energy had a positive return on equity of 44.03% and a negative net margin of 0.70%. On average, equities analysts expect that NRG Energy, Inc. will post 5.36 EPS for the current year.

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.4075 dividend. This represents a $1.63 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Tuesday, April 30th. NRG Energy’s dividend payout ratio is -152.34%.

Analysts Set New Price Targets

A number of brokerages have commented on NRG. Citigroup raised their price objective on NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. BMO Capital Markets lifted their price target on NRG Energy from $58.00 to $59.00 and gave the company a “market perform” rating in a report on Thursday, February 29th. Evercore ISI lifted their price target on NRG Energy from $55.00 to $65.00 and gave the company an “in-line” rating in a report on Monday, March 18th. Wells Fargo & Company raised their price objective on NRG Energy from $78.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, March 25th. Finally, Morgan Stanley raised their price objective on NRG Energy from $51.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 26th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NRG Energy currently has an average rating of “Hold” and a consensus price target of $59.50.

Insider Activity at NRG Energy

In other NRG Energy news, VP Rasesh M. Patel sold 49,092 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $62.59, for a total value of $3,072,668.28. Following the transaction, the vice president now owns 356,962 shares of the company’s stock, valued at $22,342,251.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.61% of the stock is owned by insiders.

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.