TrueMark Investments LLC Has $4.79 Million Stock Holdings in NRG Energy, Inc. $NRG

TrueMark Investments LLC cut its position in shares of NRG Energy, Inc. (NYSE:NRG) by 48.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,803 shares of the utilities provider’s stock after selling 27,514 shares during the period. TrueMark Investments LLC’s holdings in NRG Energy were worth $4,786,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. GW&K Investment Management LLC grew its stake in NRG Energy by 23.8% in the 1st quarter. GW&K Investment Management LLC now owns 672 shares of the utilities provider’s stock valued at $64,000 after buying an additional 129 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in NRG Energy by 99.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 413,911 shares of the utilities provider’s stock valued at $39,512,000 after buying an additional 206,096 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in NRG Energy by 54.4% in the 1st quarter. Exchange Traded Concepts LLC now owns 6,215 shares of the utilities provider’s stock valued at $593,000 after buying an additional 2,190 shares during the last quarter. State of Alaska Department of Revenue grew its stake in NRG Energy by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 23,728 shares of the utilities provider’s stock valued at $2,265,000 after buying an additional 630 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in NRG Energy by 28.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,815 shares of the utilities provider’s stock valued at $1,605,000 after buying an additional 3,721 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NRG Energy

In other news, VP Dak Liyanearachchi sold 10,672 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the completion of the sale, the vice president owned 48,571 shares of the company’s stock, valued at approximately $7,528,505. This represents a 18.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.86% of the company’s stock.

NRG Energy Stock Performance

Shares of NYSE:NRG opened at $169.22 on Friday. The company’s 50 day moving average price is $158.08 and its two-hundred day moving average price is $145.82. NRG Energy, Inc. has a 12-month low of $79.57 and a 12-month high of $175.96. The firm has a market cap of $32.73 billion, a PE ratio of 76.57, a PEG ratio of 1.35 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99.

NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.04). NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The firm had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.63 billion. During the same period last year, the company posted $3.37 EPS. The business’s revenue was up 1.2% on a year-over-year basis. Equities research analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 1st. NRG Energy’s dividend payout ratio is 79.64%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NRG. Barclays upped their price target on shares of NRG Energy from $197.00 to $203.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of NRG Energy in a research note on Wednesday, October 8th. Melius assumed coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $308.00 price target on the stock. Scotiabank assumed coverage on shares of NRG Energy in a research report on Monday, September 22nd. They set a “sector outperform” rating and a $212.00 target price on the stock. Finally, Wall Street Zen lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.85.

About NRG Energy

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.