Greenleaf Trust Purchases 864 Shares of NRG Energy, Inc. (NYSE:NRG)

Greenleaf Trust increased its position in shares of NRG Energy, Inc. (NYSE:NRG) by 11.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,357 shares of the utilities provider’s stock after purchasing an additional 864 shares during the period. Greenleaf Trust’s holdings in NRG Energy were worth $432,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Authentikos Wealth Advisory LLC bought a new stake in shares of NRG Energy during the third quarter valued at approximately $41,000. CENTRAL TRUST Co grew its position in NRG Energy by 1,005.5% in the fourth quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 734 shares during the period. Blue Trust Inc. grew its position in NRG Energy by 35.4% in the fourth quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 226 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of NRG Energy during the third quarter worth $57,000. Finally, Van ECK Associates Corp grew its holdings in shares of NRG Energy by 9.6% during the third quarter. Van ECK Associates Corp now owns 3,400 shares of the utilities provider’s stock worth $131,000 after purchasing an additional 297 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Price Performance

NYSE:NRG opened at $71.49 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 4.49. NRG Energy, Inc. has a 52-week low of $30.52 and a 52-week high of $76.54. The stock has a 50-day simple moving average of $63.92 and a 200 day simple moving average of $53.69.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.20. The business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $7.51 billion. NRG Energy had a positive return on equity of 44.03% and a negative net margin of 0.70%. As a group, sell-side analysts forecast that NRG Energy, Inc. will post 5.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a dividend of $0.4075 per share. The ex-dividend date is Tuesday, April 30th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.28%. NRG Energy’s payout ratio is presently -152.34%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NRG. Morgan Stanley upped their price target 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. Evercore ISI upped their price target on NRG Energy from $55.00 to $65.00 and gave the company an “in-line” rating in a research note on Monday, March 18th. TheStreet raised NRG Energy from a “c+” rating to a “b” rating in a research note on Friday, December 29th. Wells Fargo & Company increased 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. Finally, StockNews.com raised NRG Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $59.50.

Insider Buying and Selling

In other NRG Energy news, VP Rasesh M. Patel sold 49,092 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $22,342,251.58. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.61% of the stock is owned by corporate insiders.

About NRG Energy

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.