PNC Financial Services Group Inc. Purchases 578 Shares of NRG Energy, Inc. (NYSE:NRG)

PNC Financial Services Group Inc. lifted its position in NRG Energy, Inc. (NYSE:NRG) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,338 shares of the utilities provider’s stock after acquiring an additional 578 shares during the quarter. PNC Financial Services Group Inc.’s holdings in NRG Energy were worth $2,396,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NRG. Yeomans Consulting Group Inc. purchased a new position in shares of NRG Energy in the 4th quarter worth about $202,000. ICA Group Wealth Management LLC purchased a new position in shares of NRG Energy in the 4th quarter worth about $103,000. Greenwood Capital Associates LLC purchased a new position in shares of NRG Energy in the 4th quarter worth about $788,000. Royal London Asset Management Ltd. boosted its holdings in shares of NRG Energy by 0.3% in the 4th quarter. Royal London Asset Management Ltd. now owns 107,079 shares of the utilities provider’s stock worth $5,536,000 after buying an additional 317 shares during the last quarter. Finally, Sierra Summit Advisors LLC purchased a new position in shares of NRG Energy in the 4th quarter worth about $464,000. Institutional investors own 97.72% of the company’s stock.

Insider Buying and Selling

In other NRG Energy news, insider Rasesh M. Patel sold 24,546 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $83.41, for a total transaction of $2,047,381.86. Following the transaction, the insider now directly owns 266,064 shares in the company, valued at $22,192,398.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.86% of the stock is owned by company insiders.

NRG Energy Stock Up 1.0 %

NRG stock opened at $80.72 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 3.61. The company’s 50 day moving average is $78.36 and its 200 day moving average is $63.87. The stock has a market cap of $16.83 billion, a price-to-earnings ratio of 11.43 and a beta of 1.07. NRG Energy, Inc. has a 1-year low of $32.94 and a 1-year high of $87.58.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data 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). The company had revenue of $7.43 billion during the quarter. NRG Energy had a return on equity of 42.60% and a net margin of 5.76%. Sell-side analysts predict that NRG Energy, Inc. will post 4.5 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were given a $0.4075 dividend. This represents a $1.63 annualized dividend and a dividend yield of 2.02%. The ex-dividend date was Tuesday, April 30th. NRG Energy’s dividend payout ratio (DPR) is 23.09%.

Analyst Upgrades and Downgrades

Several research firms have commented on NRG. Morgan Stanley upped their price objective on shares of NRG Energy from $70.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. BMO Capital Markets upped their price objective on shares of NRG Energy from $73.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, May 8th. StockNews.com raised shares of NRG Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Evercore ISI upped their price objective on shares of NRG Energy from $55.00 to $65.00 and gave the company an “in-line” rating in a report on Monday, March 18th. 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 report on Friday, March 1st. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $68.00.

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.