Trust Investment Advisors Invests $240,000 in NRG Energy, Inc. (NYSE:NRG)

Trust Investment Advisors acquired a new position in shares of NRG Energy, Inc. (NYSE:NRG) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,639 shares of the utilities provider’s stock, valued at approximately $240,000.

A number of other hedge funds and other institutional investors have also modified their holdings of NRG. Coppell Advisory Solutions Corp. purchased a new position in shares of NRG Energy in the fourth quarter worth approximately $25,000. Coppell Advisory Solutions LLC acquired a new position in NRG Energy during the second quarter valued at $37,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of NRG Energy by 4,030.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,239 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 1,209 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new position in NRG Energy in the 3rd quarter worth about $41,000. Finally, CENTRAL TRUST Co increased its stake in NRG Energy by 1,005.5% during the 4th quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 734 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on NRG shares. StockNews.com upgraded shares of NRG Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Citigroup increased their price objective on NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Wells Fargo & Company boosted their target price on NRG Energy from $78.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, March 25th. TheStreet raised shares of NRG Energy from a “c+” rating to a “b” rating in a research note on Friday, December 29th. Finally, Morgan Stanley boosted their price objective on shares of NRG Energy from $51.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 26th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $59.50.

Insider Transactions at NRG Energy

In related news, VP Rasesh M. Patel sold 49,092 shares of NRG Energy stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $62.59, for a total transaction of $3,072,668.28. Following the sale, the vice president now directly owns 356,962 shares of the company’s stock, valued at approximately $22,342,251.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.86% of the company’s stock.

NRG Energy Price Performance

Shares of NRG Energy stock traded down $2.90 on Thursday, reaching $70.52. 4,114,629 shares of the stock were exchanged, compared to its average volume of 3,699,490. The firm’s 50 day moving average is $62.44 and its 200-day moving average is $52.67. The firm has a market cap of $15.14 billion, a PE ratio of -67.92 and a beta of 1.13. The company has a debt-to-equity ratio of 4.49, a quick ratio of 0.96 and a current ratio of 1.02. NRG Energy, Inc. has a one year low of $30.52 and a one year high of $76.54.

NRG Energy (NYSE:NRG) last issued its earnings results on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.20. NRG Energy had a positive return on equity of 44.03% and a negative net margin of 0.70%. The firm had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $7.51 billion. As a group, analysts anticipate that NRG Energy, Inc. will post 5.39 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a yield of 2.31%. NRG Energy’s payout ratio is -152.34%.

NRG Energy Company Profile

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.