Carret Asset Management LLC Boosts Stock Position in NRG Energy, Inc. (NYSE:NRG)

Carret Asset Management LLC boosted its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 6.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 8,810 shares of the utilities provider’s stock after acquiring an additional 510 shares during the quarter. Carret Asset Management LLC’s holdings in NRG Energy were worth $455,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in NRG Energy by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,729,390 shares of the utilities provider’s stock valued at $220,696,000 after purchasing an additional 156,974 shares in the last quarter. Northern Trust Corp raised its position in shares of NRG Energy by 8.9% in the 3rd quarter. Northern Trust Corp now owns 2,401,396 shares of the utilities provider’s stock worth $92,502,000 after acquiring an additional 197,122 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of NRG Energy by 105.1% in the 3rd quarter. Hsbc Holdings PLC now owns 1,346,647 shares of the utilities provider’s stock worth $51,642,000 after acquiring an additional 689,941 shares in the last quarter. Rubric Capital Management LP raised 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 worth $50,770,000 after acquiring an additional 629,993 shares in the last quarter. Finally, Maven Securities LTD raised its position in shares of NRG Energy by 72.5% in the 3rd quarter. Maven Securities LTD now owns 1,037,284 shares of the utilities provider’s stock worth $39,956,000 after acquiring an additional 436,046 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NRG shares. Citigroup boosted their price target on NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. TheStreet raised NRG Energy from a “c+” rating to a “b” rating in a research report on Friday, December 29th. 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 research report on Monday, March 18th. Morgan Stanley upped their target price on NRG Energy from $51.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 26th. Finally, StockNews.com raised NRG Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, NRG Energy has an average rating of “Hold” and a consensus target price of $59.50.

Insider Transactions at NRG Energy

In related news, VP Rasesh M. Patel sold 49,092 shares of the company’s stock in a transaction dated 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 owns 356,962 shares of the company’s stock, valued at approximately $22,342,251.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.86% of the company’s stock.

NRG Energy Stock Performance

Shares of NRG traded up $0.02 during mid-day trading on Thursday, reaching $72.63. The company had a trading volume of 610,741 shares, compared to its average volume of 3,635,906. NRG Energy, Inc. has a 52-week low of $30.52 and a 52-week high of $76.54. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 4.49. The stock has a market capitalization of $15.60 billion, a P/E ratio of -67.87 and a beta of 1.13. The stock has a 50 day moving average of $64.34 and a two-hundred day moving average of $53.82.

NRG Energy (NYSE:NRG) last issued its earnings results on Wednesday, February 28th. The utilities provider reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.20. NRG Energy had a positive return on equity of 44.03% and a negative net margin of 0.70%. The firm had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $7.51 billion. On average, analysts expect that NRG Energy, Inc. will post 5.36 earnings per share for the current year.

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.4075 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.24%. NRG Energy’s payout ratio is -152.34%.

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.