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

Trust Investment Advisors bought a new stake in shares of NRG Energy, Inc. (NYSE:NRG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,639 shares of the utilities provider’s stock, valued at approximately $240,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of NRG Energy by 6.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 39,743 shares of the utilities provider’s stock worth $1,525,000 after purchasing an additional 2,422 shares during the last quarter. US Bancorp DE grew its holdings in NRG Energy by 12.7% in the 1st quarter. US Bancorp DE now owns 15,350 shares of the utilities provider’s stock valued at $589,000 after buying an additional 1,727 shares in the last quarter. Rhumbline Advisers increased its stake in shares of NRG Energy by 6.2% in the 1st quarter. Rhumbline Advisers now owns 427,433 shares of the utilities provider’s stock worth $16,396,000 after acquiring an additional 24,792 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of NRG Energy by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,760 shares of the utilities provider’s stock worth $1,257,000 after acquiring an additional 2,028 shares during the period. Finally, Great West Life Assurance Co. Can boosted its position in shares of NRG Energy by 6.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 229,581 shares of the utilities provider’s stock valued at $9,243,000 after acquiring an additional 14,574 shares during the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Stock Performance

NRG Energy stock traded down $2.90 during mid-day trading on Thursday, reaching $70.52. 4,114,629 shares of the company were exchanged, compared to its average volume of 3,699,490. 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. The firm’s 50-day simple moving average is $62.44 and its two-hundred day simple moving average is $52.67. NRG Energy, Inc. has a twelve month low of $30.52 and a twelve month high of $76.54.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data 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. The firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $7.51 billion. NRG Energy had a negative net margin of 0.70% and a positive return on equity of 44.03%. Equities analysts predict that NRG Energy, Inc. will post 5.39 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NRG. BMO Capital Markets raised their target price on NRG Energy from $58.00 to $59.00 and gave the stock a “market perform” rating in a research note on Thursday, February 29th. Wells Fargo & Company raised their price objective on NRG Energy from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. Citigroup boosted their target price on NRG Energy from $52.00 to $62.00 and gave the company a “buy” rating in a report on Friday, March 1st. Evercore ISI raised their price target on NRG Energy from $55.00 to $65.00 and gave the stock an “in-line” rating in a research note on Monday, March 18th. Finally, Morgan Stanley boosted their price objective on NRG Energy from $51.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 26th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $59.50.

Insider Activity

In other NRG Energy news, VP Rasesh M. Patel sold 49,092 shares of NRG Energy stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $62.59, for a total value of $3,072,668.28. Following the completion of the sale, the vice president now owns 356,962 shares in the company, valued at approximately $22,342,251.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.86% of the company’s stock.

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.