BIP Wealth LLC Buys Shares of 6,669 NRG Energy, Inc. $NRG

BIP Wealth LLC bought a new stake in shares of NRG Energy, Inc. (NYSE:NRG) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,669 shares of the utilities provider’s stock, valued at approximately $1,062,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Greenleaf Trust grew its stake in NRG Energy by 21.5% during the 4th quarter. Greenleaf Trust now owns 7,587 shares of the utilities provider’s stock valued at $1,208,000 after acquiring an additional 1,343 shares in the last quarter. Sowell Financial Services LLC grew its stake in NRG Energy by 34.5% during the 4th quarter. Sowell Financial Services LLC now owns 5,243 shares of the utilities provider’s stock valued at $835,000 after acquiring an additional 1,345 shares in the last quarter. BXM Wealth LLC grew its stake in NRG Energy by 9.0% during the 4th quarter. BXM Wealth LLC now owns 1,662 shares of the utilities provider’s stock valued at $265,000 after acquiring an additional 137 shares in the last quarter. Independence Bank of Kentucky grew its stake in NRG Energy by 4.1% during the 4th quarter. Independence Bank of Kentucky now owns 1,798 shares of the utilities provider’s stock valued at $286,000 after acquiring an additional 70 shares in the last quarter. Finally, Signaturefd LLC grew its stake in NRG Energy by 4.2% during the 4th quarter. Signaturefd LLC now owns 3,213 shares of the utilities provider’s stock valued at $512,000 after acquiring an additional 129 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

NRG has been the subject of several recent research reports. Jefferies Financial Group lowered their price target on NRG Energy from $198.00 to $181.00 and set a “buy” rating for the company in a research note on Tuesday, January 27th. Barclays lowered their price target on NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Evercore initiated coverage on NRG Energy in a research note on Wednesday, February 25th. They issued an “outperform” rating and a $215.00 price target for the company. BNP Paribas Exane started coverage on NRG Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 price target for the company. Finally, Wolfe Research upgraded shares of NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a report on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, NRG Energy currently has an average rating of “Moderate Buy” and an average target price of $198.21.

NRG Energy Stock Up 4.7%

NRG stock opened at $160.32 on Thursday. The company has a current ratio of 1.64, a quick ratio of 1.58 and a debt-to-equity ratio of 15.92. NRG Energy, Inc. has a 1 year low of $83.12 and a 1 year high of $189.96. The company has a fifty day simple moving average of $158.84 and a 200 day simple moving average of $161.38. The firm has a market cap of $34.40 billion, a PE ratio of 40.69 and a beta of 1.35.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Tuesday, February 24th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.15). The business had revenue of $7.75 billion during the quarter, compared to analyst estimates of $6.68 billion. NRG Energy had a net margin of 2.81% and a return on equity of 109.48%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.56 EPS. Sell-side analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were given a dividend of $0.475 per share. The ex-dividend date of this dividend was Monday, February 2nd. This is an increase from NRG Energy’s previous quarterly dividend of $0.44. This represents a $1.90 dividend on an annualized basis and a yield of 1.2%. NRG Energy’s dividend payout ratio (DPR) is currently 48.22%.

Insider Transactions at NRG Energy

In other NRG Energy news, VP Virginia Kinney sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $156.65, for a total transaction of $783,250.00. Following the completion of the sale, the vice president owned 55,495 shares of the company’s stock, valued at $8,693,291.75. This represents a 8.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.86% of the stock is owned by insiders.

NRG Energy Profile

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.