43,984 Shares in NRG Energy, Inc. (NYSE:NRG) Bought by TrueMark Investments LLC

TrueMark Investments LLC purchased a new stake in NRG Energy, Inc. (NYSE:NRG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 43,984 shares of the utilities provider’s stock, valued at approximately $3,968,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its position in NRG Energy by 29.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 236,734 shares of the utilities provider’s stock worth $21,566,000 after buying an additional 54,165 shares in the last quarter. Raymond James Trust N.A. raised its stake in shares of NRG Energy by 21.0% in the third quarter. Raymond James Trust N.A. now owns 3,919 shares of the utilities provider’s stock valued at $357,000 after purchasing an additional 679 shares in the last quarter. Cerity Partners LLC lifted its position in NRG Energy by 21.9% in the third quarter. Cerity Partners LLC now owns 26,398 shares of the utilities provider’s stock worth $2,405,000 after purchasing an additional 4,749 shares during the period. Summit Trail Advisors LLC boosted its stake in NRG Energy by 99.4% during the third quarter. Summit Trail Advisors LLC now owns 7,744 shares of the utilities provider’s stock worth $705,000 after buying an additional 3,861 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. bought a new stake in NRG Energy in the 3rd quarter valued at $204,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on NRG. Guggenheim lifted their price objective on NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and boosted their target price for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. BMO Capital Markets boosted their price target on shares of NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a research report on Monday, March 3rd. Finally, Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $123.29.

NRG Energy Trading Down 0.6 %

Shares of NYSE NRG opened at $102.26 on Wednesday. NRG Energy, Inc. has a 1-year low of $65.11 and a 1-year high of $117.26. The company has a 50-day moving average of $102.28 and a two-hundred day moving average of $95.43. The company has a market cap of $20.83 billion, a PE ratio of 25.69, a P/E/G ratio of 1.01 and a beta of 1.13. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57.

NRG Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.44 per share. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, February 3rd. This represents a $1.76 annualized dividend and a yield of 1.72%. NRG Energy’s dividend payout ratio is currently 35.92%.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total value of $5,484,600.00. Following the transaction, the vice president now directly owns 64,448 shares of the company’s stock, valued at approximately $5,891,191.68. This trade represents a 48.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the sale, the chief financial officer now owns 69,454 shares of the company’s stock, valued at $6,780,794.02. The trade was a 22.36 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.