2,000 Shares in NRG Energy, Inc. (NYSE:NRG) Acquired by ICA Group Wealth Management LLC

ICA Group Wealth Management LLC bought a new position in shares of NRG Energy, Inc. (NYSE:NRG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,000 shares of the utilities provider’s stock, valued at approximately $103,000.

A number of other large investors have also recently added to or reduced their stakes in NRG. Schonfeld Strategic Advisors LLC increased its stake in NRG Energy by 3,477.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 976,589 shares of the utilities provider’s stock worth $37,618,000 after purchasing an additional 949,289 shares in the last quarter. Wellington Management Group LLP increased its position in shares of NRG Energy by 486.2% in the third quarter. Wellington Management Group LLP now owns 900,526 shares of the utilities provider’s stock worth $34,688,000 after acquiring an additional 746,899 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of NRG Energy by 105.1% during the third quarter. Hsbc Holdings PLC now owns 1,346,647 shares of the utilities provider’s stock valued at $51,642,000 after acquiring an additional 689,941 shares during the period. Rubric Capital Management LP lifted its position in shares of NRG Energy by 91.6% in the 3rd quarter. Rubric Capital Management LP now owns 1,318,020 shares of the utilities provider’s stock valued at $50,770,000 after acquiring an additional 629,993 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in NRG Energy by 139.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 913,237 shares of the utilities provider’s stock worth $35,178,000 after purchasing an additional 532,320 shares during the period. 97.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NRG Energy

In other news, insider Rasesh M. Patel sold 24,546 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $83.41, for a total value of $2,047,381.86. Following the completion of the sale, the insider now directly owns 266,064 shares in the company, valued at $22,192,398.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

NRG has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on shares of NRG Energy from $70.00 to $83.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. StockNews.com upgraded NRG Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Evercore ISI upped their target price on NRG Energy from $55.00 to $65.00 and gave the company an “in-line” rating in a report on Monday, March 18th. Wells Fargo & Company raised their price target on shares of NRG Energy from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, May 15th. Finally, Citigroup upped their price objective on shares of NRG Energy from $52.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $68.00.

NRG Energy Stock Performance

Shares of NRG opened at $78.55 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 3.61. NRG Energy, Inc. has a 12 month low of $32.94 and a 12 month high of $87.58. The company’s fifty day moving average is $77.86 and its 200-day moving average is $63.20. The firm has a market cap of $16.38 billion, a price-to-earnings ratio of 11.13 and a beta of 1.07.

NRG Energy (NYSE:NRG) last posted its earnings results on Tuesday, May 7th. The utilities provider reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.12). NRG Energy had a net margin of 5.76% and a return on equity of 42.60%. Equities analysts expect that NRG Energy, Inc. will post 4.5 EPS for the current fiscal year.

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were given a dividend of $0.4075 per share. The ex-dividend date was Tuesday, April 30th. This represents a $1.63 dividend on an annualized basis and a yield of 2.08%. NRG Energy’s payout ratio is currently 23.09%.

NRG Energy 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.