MassMutual Private Wealth & Trust FSB Raises Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

MassMutual Private Wealth & Trust FSB increased its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 52.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,072 shares of the utilities provider’s stock after purchasing an additional 370 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in NRG Energy were worth $102,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in shares of NRG Energy during the fourth quarter worth about $32,000. Mizuho Bank Ltd. purchased a new stake in shares of NRG Energy during the fourth quarter worth about $41,000. Princeton Global Asset Management LLC grew its position in shares of NRG Energy by 414.9% during the fourth quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 390 shares in the last quarter. Larson Financial Group LLC grew its position in shares of NRG Energy by 221.0% during the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 347 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in shares of NRG Energy by 64.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 521 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 205 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Analyst Ratings Changes

NRG has been the subject of several research analyst reports. The Goldman Sachs Group began coverage on NRG Energy in a research report on Friday, April 4th. They set a “buy” rating and a $129.00 target price for the company. Guggenheim raised their price target on NRG Energy from $138.00 to $173.00 and gave the company a “buy” rating in a report on Tuesday, May 13th. BMO Capital Markets restated a “market perform” rating and set a $167.00 price target (up previously from $115.00) on shares of NRG Energy in a report on Wednesday, May 14th. Wall Street Zen cut NRG Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Finally, Morgan Stanley raised their price target on NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $140.75.

NRG Energy Price Performance

Shares of NRG Energy stock opened at $155.84 on Monday. The stock has a market cap of $30.47 billion, a price-to-earnings ratio of 39.16, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The stock has a 50 day moving average price of $117.86 and a 200-day moving average price of $105.68. NRG Energy, Inc. has a one year low of $65.11 and a one year high of $161.78.

NRG Energy (NYSE:NRG) last announced its earnings results on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $1.90. The firm had revenue of $8.59 billion during the quarter, compared to analysts’ expectations of $8.28 billion. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. The company’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.31 EPS. Equities analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Thursday, May 1st. NRG Energy’s dividend payout ratio (DPR) is 28.39%.

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.