NRG Energy, Inc. (NYSE:NRG) Shares Purchased by Bank of Nova Scotia

Bank of Nova Scotia grew its holdings in shares of NRG Energy, Inc. (NYSE:NRGFree Report) by 46.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 20,013 shares of the utilities provider’s stock after acquiring an additional 6,393 shares during the quarter. Bank of Nova Scotia’s holdings in NRG Energy were worth $1,035,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Savant Capital LLC grew its position in NRG Energy by 1.7% in the 4th quarter. Savant Capital LLC now owns 12,749 shares of the utilities provider’s stock valued at $659,000 after buying an additional 212 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of NRG Energy by 35.4% in the fourth quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 226 shares in the last quarter. Signaturefd LLC increased its stake in shares of NRG Energy by 6.9% during the fourth quarter. Signaturefd LLC now owns 4,174 shares of the utilities provider’s stock valued at $216,000 after acquiring an additional 271 shares during the period. Van ECK Associates Corp raised its holdings in NRG Energy by 9.6% during the third quarter. Van ECK Associates Corp now owns 3,400 shares of the utilities provider’s stock worth $131,000 after purchasing an additional 297 shares in the last quarter. Finally, Centennial Wealth Advisory LLC lifted its holdings in shares of NRG Energy by 3.7% in the fourth quarter. Centennial Wealth Advisory LLC now owns 8,515 shares of the utilities provider’s stock valued at $440,000 after buying an additional 306 shares during the period. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Price Performance

NRG opened at $77.89 on Friday. The stock has a fifty day moving average price of $76.76 and a 200 day moving average price of $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. NRG Energy, Inc. has a 1 year low of $32.94 and a 1 year high of $87.58. The stock has a market cap of $16.24 billion, a price-to-earnings ratio of 11.05 and a beta of 1.07.

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

NRG Energy Announces Dividend

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

Insider Activity

In related news, insider Rasesh M. Patel sold 24,546 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $83.41, for a total value of $2,047,381.86. Following the completion of the sale, the insider now directly owns 266,064 shares in the company, valued at $22,192,398.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Rasesh M. Patel sold 24,546 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $83.41, for a total value of $2,047,381.86. Following the completion of the sale, the insider now directly owns 266,064 shares in the company, valued at approximately $22,192,398.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Rasesh M. Patel sold 49,092 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were 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 in the company, valued at approximately $22,342,251.58. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

Analysts Set New Price Targets

NRG has been the subject of several recent research reports. Evercore ISI increased their target price on shares of NRG Energy from $55.00 to $65.00 and gave the company an “in-line” rating in a research note on Monday, March 18th. 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 note on Friday, March 1st. StockNews.com raised shares of NRG Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Wells Fargo & Company raised their target price on NRG Energy from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. Finally, BMO Capital Markets upped their price target on NRG Energy from $73.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, May 8th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $68.00.

Read Our Latest Stock Report on NRG Energy

NRG Energy Company Profile

(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.

Featured Stories

Want to see what other hedge funds are holding NRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NRG Energy, Inc. (NYSE:NRGFree Report).

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

Receive News & Ratings for NRG Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NRG Energy and related companies with MarketBeat.com's FREE daily email newsletter.