Trustmark National Bank Trust Department Boosts Stock Position in NRG Energy, Inc. (NYSE:NRG)

Trustmark National Bank Trust Department raised its position in shares of NRG Energy, Inc. (NYSE:NRG) by 25.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor 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.

A number of other institutional investors have also modified their holdings of NRG. SBI Securities Co. Ltd. purchased a new stake in NRG Energy during the fourth quarter valued at approximately $32,000. UMB Bank n.a. lifted its holdings in shares of NRG Energy by 100.4% during the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 228 shares during the last quarter. Mizuho Bank Ltd. acquired a new stake in shares of NRG Energy in the 4th quarter worth $41,000. Princeton Global Asset Management LLC grew its stake in NRG Energy by 414.9% during the 4th quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider’s stock worth $44,000 after buying an additional 390 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in NRG Energy by 221.0% in the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 347 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on NRG shares. The Goldman Sachs Group assumed coverage on shares of NRG Energy in a research note on Friday, April 4th. They issued a “buy” rating and a $129.00 target price for the company. Morgan Stanley lifted their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. BMO Capital Markets upped their target price on NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a research report on Monday, March 3rd. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Finally, Evercore ISI raised NRG Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $124.00.

NRG Energy Price Performance

Shares of NRG opened at $95.74 on Tuesday. The business’s 50-day moving average is $98.69 and its two-hundred day moving average is $96.46. The company has a market capitalization of $19.50 billion, a P/E ratio of 24.06, a P/E/G ratio of 1.01 and a beta of 1.10. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $117.26. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, May 1st. NRG Energy’s dividend payout ratio (DPR) is 35.92%.

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.