12,095 Shares in NRG Energy, Inc. (NYSE:NRG) Bought by Sapient Capital LLC

Sapient Capital LLC bought a new position in NRG Energy, Inc. (NYSE:NRG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,095 shares of the utilities provider’s stock, valued at approximately $625,000.

Several other hedge funds and other institutional investors have also made changes to their positions in NRG. M&T Bank Corp lifted its holdings in NRG Energy by 11.7% in the fourth quarter. M&T Bank Corp now owns 23,485 shares of the utilities provider’s stock valued at $1,214,000 after acquiring an additional 2,451 shares during the period. Amalgamated Bank boosted its holdings in NRG Energy by 27.0% during the fourth quarter. Amalgamated Bank now owns 99,152 shares of the utilities provider’s stock worth $5,126,000 after buying an additional 21,049 shares in the last quarter. First Trust Direct Indexing L.P. purchased a new position in NRG Energy in the fourth quarter valued at about $292,000. Savant Capital LLC lifted its position in shares of NRG Energy by 1.7% during the 4th quarter. Savant Capital LLC now owns 12,749 shares of the utilities provider’s stock valued at $659,000 after acquiring an additional 212 shares during the period. Finally, Kestra Private Wealth Services LLC purchased a new stake in shares of NRG Energy during the 4th quarter worth approximately $354,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insider Activity at NRG Energy

In other NRG Energy news, VP Rasesh M. Patel sold 49,092 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $62.59, for a total value of $3,072,668.28. Following the completion of the sale, the vice president now owns 356,962 shares of the company’s stock, valued at $22,342,251.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is owned by company insiders.

NRG Energy Price Performance

Shares of NYSE:NRG opened at $77.48 on Monday. The firm has a market cap of $16.64 billion, a price-to-earnings ratio of -71.63 and a beta of 1.11. NRG Energy, Inc. has a 1 year low of $30.62 and a 1 year high of $77.68. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 4.49. The business has a fifty day simple moving average of $67.43 and a 200 day simple moving average of $55.53.

NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.20. The company had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $7.51 billion. NRG Energy had a positive return on equity of 44.03% and a negative net margin of 0.70%. As a group, sell-side analysts predict that NRG Energy, Inc. will post 5.36 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.4075 per share. The ex-dividend date is Tuesday, April 30th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.10%. NRG Energy’s dividend payout ratio is currently -152.34%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NRG. Morgan Stanley raised their price target on NRG Energy from $51.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 26th. StockNews.com upgraded NRG Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Wells Fargo & Company increased their target price on shares of NRG Energy from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. BMO Capital Markets increased their price objective on shares of NRG Energy from $58.00 to $59.00 and gave the stock a “market perform” rating in a research note on Thursday, February 29th. Finally, Citigroup lifted their target price on NRG Energy from $52.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $59.50.

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.