NRG Energy, Inc. $NRG Shares Acquired by Maven Securities LTD

Maven Securities LTD raised its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 156.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,112 shares of the utilities provider’s stock after purchasing an additional 9,211 shares during the quarter. Maven Securities LTD’s holdings in NRG Energy were worth $2,447,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NRG. Quent Capital LLC purchased a new position in shares of NRG Energy during the 3rd quarter valued at approximately $25,000. Atlantic Union Bankshares Corp increased its stake in shares of NRG Energy by 90.4% in the third quarter. Atlantic Union Bankshares Corp now owns 179 shares of the utilities provider’s stock worth $29,000 after buying an additional 85 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of NRG Energy in the second quarter worth $35,000. BOKF NA raised its holdings in NRG Energy by 3,714.3% in the third quarter. BOKF NA now owns 267 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 260 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC raised its holdings in NRG Energy by 1,970.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the utilities provider’s stock valued at $57,000 after acquiring an additional 335 shares in the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NRG Energy news, VP Robert J. Gaudette sold 45,000 shares of the business’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $158.76, for a total transaction of $7,144,200.00. Following the completion of the transaction, the vice president owned 63,920 shares in the company, valued at approximately $10,147,939.20. The trade was a 41.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Brian Curci sold 46,976 shares of the stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $158.84, for a total value of $7,461,667.84. Following the completion of the transaction, the vice president directly owned 46,113 shares of the company’s stock, valued at approximately $7,324,588.92. The trade was a 50.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 177,556 shares of company stock worth $28,333,696 over the last 90 days. Insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Raymond James Financial reissued a “strong-buy” rating and set a $225.00 price objective on shares of NRG Energy in a report on Monday, February 23rd. Wells Fargo & Company upped their target price on shares of NRG Energy from $202.00 to $206.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Morgan Stanley set a $153.00 price target on NRG Energy in a research note on Tuesday, February 17th. The Goldman Sachs Group started coverage on NRG Energy in a report on Friday, March 6th. They issued a “buy” rating and a $197.00 price objective for the company. Finally, Weiss Ratings cut NRG Energy from a “buy (b)” rating to a “hold (c+)” rating in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, NRG Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.33.

NRG Energy Trading Up 1.5%

NRG Energy stock opened at $154.74 on Wednesday. NRG Energy, Inc. has a 52-week low of $79.57 and a 52-week high of $189.96. The company has a quick ratio of 1.58, a current ratio of 1.64 and a debt-to-equity ratio of 15.92. The firm has a market capitalization of $33.15 billion, a price-to-earnings ratio of 39.27 and a beta of 1.26. The firm has a 50-day moving average price of $158.73 and a two-hundred day moving average price of $161.95.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Tuesday, February 24th. The utilities provider reported $1.04 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.15). The firm 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%. NRG Energy’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.56 EPS. Sell-side analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Increases Dividend

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

NRG Energy Company 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.