Transce3nd LLC Purchases New Shares in NRG Energy, Inc. (NYSE:NRG)

Transce3nd LLC bought a new position in NRG Energy, Inc. (NYSE:NRG) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 12,434 shares of the utilities provider’s stock, valued at approximately $1,126,000.

A number of other institutional investors have also recently made changes to their positions in the business. SBI Securities Co. Ltd. bought a new stake in shares of NRG Energy in the 4th quarter valued at approximately $32,000. UMB Bank n.a. increased its position in NRG Energy by 100.4% during the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 228 shares during the last quarter. Mizuho Bank Ltd. bought a new stake in shares of NRG Energy in the 4th quarter worth about $41,000. Princeton Global Asset Management LLC grew its holdings 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 valued at $44,000 after purchasing an additional 390 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake 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 purchasing an additional 347 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

NRG has been the subject of a number of recent analyst reports. Evercore ISI upgraded NRG Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. Guggenheim upped their price target on shares of NRG Energy from $134.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Wells Fargo & Company boosted their price objective on shares of NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. BMO Capital Markets lifted their price target on shares of NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a research note on Monday, March 3rd. Finally, The Goldman Sachs Group assumed coverage on NRG Energy in a report on Friday, April 4th. They set a “buy” rating and a $129.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, NRG Energy presently has an average rating of “Moderate Buy” and a consensus target price of $124.00.

NRG Energy Price Performance

NRG opened at $97.84 on Friday. NRG Energy, Inc. has a 1 year low of $65.11 and a 1 year high of $117.26. The firm has a market capitalization of $19.93 billion, a PE ratio of 24.58, a price-to-earnings-growth 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. The business’s 50-day moving average is $98.18 and its two-hundred day moving average is $96.58.

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 dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Thursday, May 1st. 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.