NRG Energy, Inc. (NYSE:NRG) Shares Bought by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp increased its holdings in NRG Energy, Inc. (NYSE:NRGFree Report) by 75.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,522 shares of the utilities provider’s stock after buying an additional 4,521 shares during the period. Peapack Gladstone Financial Corp’s holdings in NRG Energy were worth $544,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of NRG. Crestline Management LP lifted its holdings in shares of NRG Energy by 23.7% in the 4th quarter. Crestline Management LP now owns 33,778 shares of the utilities provider’s stock worth $1,746,000 after purchasing an additional 6,478 shares during the last quarter. Boulder Hill Capital Management LP acquired a new position in shares of NRG Energy during the fourth quarter worth approximately $595,000. Bank of Nova Scotia raised its stake in NRG Energy by 46.9% during the 4th quarter. Bank of Nova Scotia now owns 20,013 shares of the utilities provider’s stock valued at $1,035,000 after acquiring an additional 6,393 shares in the last quarter. TFO Wealth Partners LLC boosted its position in NRG Energy by 32,325.0% during the 4th quarter. TFO Wealth Partners LLC now owns 3,891 shares of the utilities provider’s stock worth $201,000 after acquiring an additional 3,879 shares during the period. Finally, Weiss Asset Management LP bought a new position in shares of NRG Energy in the fourth quarter worth $233,000. Institutional investors own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. 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. StockNews.com raised shares of NRG Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Morgan Stanley raised their price objective on shares of NRG Energy from $70.00 to $83.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. Citigroup upped their target price on NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Finally, Wells Fargo & Company boosted their price objective on NRG Energy from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, NRG Energy presently has a consensus rating of “Hold” and an average price target of $68.00.

Check Out Our Latest Stock Report on NRG Energy

NRG Energy Trading Down 4.6 %

Shares of NRG opened at $77.83 on Friday. The business’s 50-day moving average price is $76.76 and its 200 day moving average price is $61.58. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 3.61. The stock has a market capitalization of $16.23 billion, a P/E ratio of 11.02 and a beta of 1.07. NRG Energy, Inc. has a 1-year low of $32.88 and a 1-year high of $87.58.

NRG Energy (NYSE:NRGGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.12). NRG Energy had a return on equity of 42.60% and a net margin of 5.76%. Analysts expect that NRG Energy, Inc. will post 6.08 earnings per share for the current year.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were given a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Tuesday, April 30th. NRG Energy’s payout ratio is 23.09%.

Insider Buying and Selling

In other NRG Energy news, insider Rasesh M. Patel sold 24,546 shares of NRG Energy stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $83.41, for a total transaction of $2,047,381.86. Following the transaction, the insider now owns 266,064 shares of the company’s stock, valued at approximately $22,192,398.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other NRG Energy news, insider Rasesh M. Patel sold 24,546 shares of NRG Energy stock in a transaction on Friday, May 17th. The shares were sold at an average price of $83.41, for a total transaction of $2,047,381.86. Following the completion of the sale, the insider now owns 266,064 shares of the company’s stock, valued at approximately $22,192,398.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Rasesh M. Patel sold 49,092 shares of the company’s stock in a transaction on 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 completion of the transaction, the vice president now directly owns 356,962 shares in the company, valued at $22,342,251.58. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

About NRG Energy

(Free Report)

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.

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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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