Trustmark National Bank Trust Department Purchases 1,943 Shares of NRG Energy, Inc. (NYSE:NRG)

Trustmark National Bank Trust Department boosted its position in shares of NRG Energy, Inc. (NYSE:NRG) by 25.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,529 shares of the utilities provider’s stock after buying an additional 1,943 shares during the period. Trustmark National Bank Trust Department’s holdings in NRG Energy were worth $860,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its holdings in shares of NRG Energy by 1,010.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider’s stock valued at $140,504,000 after purchasing an additional 1,417,057 shares in the last quarter. Boston Partners purchased a new position in shares of NRG Energy in the 4th quarter worth $94,346,000. Appaloosa LP increased its holdings in shares of NRG Energy by 81.5% in the 4th quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider’s stock worth $163,749,000 after buying an additional 815,180 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of NRG Energy by 350.4% during the 4th quarter. Teacher Retirement System of Texas now owns 904,265 shares of the utilities provider’s stock valued at $81,583,000 after buying an additional 703,481 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of NRG Energy in the 4th quarter valued at about $61,679,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Morgan Stanley raised 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. Wells Fargo & Company upped their target price on NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Evercore ISI raised NRG Energy from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. The Goldman Sachs Group began coverage on NRG Energy in a research report on Friday, April 4th. They issued a “buy” rating and a $129.00 price objective on the stock. Finally, Guggenheim lifted their target price on NRG Energy from $134.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, NRG Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.

NRG Energy Stock Performance

NRG stock opened at $95.74 on Tuesday. NRG Energy, Inc. has a 1-year low of $65.11 and a 1-year high of $117.26. The business has a 50-day moving average price of $98.69 and a 200 day moving average price of $96.46. The company has a market capitalization of $19.50 billion, a P/E ratio of 24.06, a PEG ratio of 1.01 and a beta of 1.10. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a $0.44 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.84%. NRG Energy’s payout ratio is presently 35.92%.

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.