Calton & Associates Inc. Buys New Shares in NRG Energy, Inc. (NYSE:NRG)

Calton & Associates Inc. purchased a new position in shares of NRG Energy, Inc. (NYSE:NRGFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,516 shares of the utilities provider’s stock, valued at approximately $233,000.

A number of other institutional investors have also recently bought and sold shares of NRG. Commonwealth Equity Services LLC increased its position in NRG Energy by 5.8% during the third quarter. Commonwealth Equity Services LLC now owns 43,505 shares of the utilities provider’s stock worth $1,676,000 after buying an additional 2,394 shares during the last quarter. Raymond James & Associates increased its position in NRG Energy by 63.6% during the third quarter. Raymond James & Associates now owns 168,949 shares of the utilities provider’s stock worth $6,508,000 after buying an additional 65,706 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in NRG Energy by 0.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 57,044 shares of the utilities provider’s stock worth $2,197,000 after buying an additional 360 shares during the last quarter. IFM Investors Pty Ltd increased its position in NRG Energy by 2.8% during the third quarter. IFM Investors Pty Ltd now owns 41,166 shares of the utilities provider’s stock worth $1,586,000 after buying an additional 1,102 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in NRG Energy by 4.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 135,494 shares of the utilities provider’s stock worth $5,219,000 after buying an additional 5,198 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insider Transactions at NRG Energy

In other 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 transaction, the vice president now directly owns 356,962 shares of the company’s stock, valued at approximately $22,342,251.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.86% of the company’s stock.

NRG Energy Trading Up 2.3 %

NYSE:NRG traded up $1.89 during trading hours on Friday, hitting $83.65. 5,319,880 shares of the company were exchanged, compared to its average volume of 3,695,247. The stock has a market capitalization of $17.44 billion, a price-to-earnings ratio of 11.85 and a beta of 1.11. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 3.61. NRG Energy, Inc. has a one year low of $30.62 and a one year high of $84.46. The company has a fifty day simple moving average of $69.81 and a 200 day simple moving average of $56.64.

NRG Energy (NYSE:NRGGet Free Report) last announced its earnings results on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.20. The business had revenue of $6.81 billion during the quarter, compared to analyst estimates of $7.51 billion. NRG Energy had a return on equity of 42.60% and a net margin of 5.76%. Sell-side analysts expect that NRG Energy, Inc. will post 5.46 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a $0.4075 dividend. This represents a $1.63 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Tuesday, April 30th. NRG Energy’s dividend payout ratio (DPR) is presently 23.09%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Citigroup increased their target price on NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. BMO Capital Markets increased their target price on NRG Energy from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday. Morgan Stanley increased their target price on NRG Energy from $51.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 26th. Wells Fargo & Company increased their target price on NRG Energy from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Evercore ISI increased their target price 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. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $64.25.

Get Our Latest Analysis on NRG Energy

NRG Energy 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.

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

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