Truist Financial Corp Increases Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Truist Financial Corp lifted its holdings in NRG Energy, Inc. (NYSE:NRG) by 83.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,383 shares of the utilities provider’s stock after purchasing an additional 21,596 shares during the period. Truist Financial Corp’s holdings in NRG Energy were worth $4,275,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC raised its position in NRG Energy by 27.3% in the third quarter. Private Advisor Group LLC now owns 5,863 shares of the utilities provider’s stock worth $534,000 after acquiring an additional 1,256 shares during the period. International Assets Investment Management LLC increased its stake in shares of NRG Energy by 27,231.5% in the 3rd quarter. International Assets Investment Management LLC now owns 146,770 shares of the utilities provider’s stock worth $13,371,000 after purchasing an additional 146,233 shares in the last quarter. Mount Yale Investment Advisors LLC raised its holdings in NRG Energy by 77.7% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 6,405 shares of the utilities provider’s stock worth $584,000 after purchasing an additional 2,800 shares during the period. PFG Investments LLC lifted its position in NRG Energy by 18.8% during the third quarter. PFG Investments LLC now owns 8,228 shares of the utilities provider’s stock valued at $750,000 after purchasing an additional 1,304 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in NRG Energy by 5.7% during the third quarter. State of Alaska Department of Revenue now owns 23,978 shares of the utilities provider’s stock valued at $2,184,000 after purchasing an additional 1,300 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Down 4.6 %

Shares of NRG stock opened at $105.96 on Monday. The company’s fifty day simple moving average is $100.59 and its two-hundred day simple moving average is $92.90. NRG Energy, Inc. has a 52 week low of $51.49 and a 52 week high of $115.38. The stock has a market cap of $21.46 billion, a P/E ratio of 26.62, a PEG ratio of 1.01 and a beta of 1.15. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57.

NRG Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a dividend of $0.44 per share. The ex-dividend date was Monday, February 3rd. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a yield of 1.66%. NRG Energy’s dividend payout ratio is presently 44.22%.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of NRG Energy stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the completion of the transaction, the vice president now directly owns 64,448 shares of the company’s stock, valued at $5,891,191.68. The trade was a 48.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the completion of the sale, the chief financial officer now owns 69,454 shares of the company’s stock, valued at $6,780,794.02. This trade represents a 22.36 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. BMO Capital Markets lifted their price objective on NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. Wells Fargo & Company lifted their price target on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and increased their price objective for the stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. Citigroup lifted their target price on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Morgan Stanley upped their target price on shares of NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $113.71.

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.