Kestra Private Wealth Services LLC Invests $354,000 in NRG Energy, Inc. (NYSE:NRG)

Kestra Private Wealth Services LLC acquired a new stake in shares of NRG Energy, Inc. (NYSE:NRG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,847 shares of the utilities provider’s stock, valued at approximately $354,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Authentikos Wealth Advisory LLC bought a new stake in shares of NRG Energy in the 3rd quarter valued at about $41,000. CENTRAL TRUST Co boosted its stake in NRG Energy by 1,005.5% in the fourth quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 734 shares in the last quarter. Blue Trust Inc. grew its holdings in NRG Energy by 35.4% in the fourth quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 226 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of NRG Energy during the third quarter worth $57,000. Finally, GAMMA Investing LLC purchased a new stake in shares of NRG Energy during the 4th quarter valued at $106,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Trading Down 5.8 %

NRG opened at $73.40 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 4.49. The firm has a market cap of $15.76 billion, a P/E ratio of -68.60 and a beta of 1.11. NRG Energy, Inc. has a 52 week low of $30.62 and a 52 week high of $83.03. The business has a fifty day simple moving average of $68.32 and a 200-day simple moving average of $56.03.

NRG Energy (NYSE:NRG) last issued 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 company 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%. On average, equities analysts expect that NRG Energy, Inc. will post 5.36 earnings per share for the current year.

NRG Energy Announces Dividend

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

Insider Transactions at NRG Energy

In other NRG Energy 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 transaction, the vice president now owns 356,962 shares of the company’s stock, valued at $22,342,251.58. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of NRG Energy from $78.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, March 25th. Citigroup upped their target price on NRG Energy from $52.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Morgan Stanley lifted their price target on NRG Energy from $51.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 26th. 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. Finally, BMO Capital Markets lifted 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. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.