Sapient Capital LLC Buys Shares of 12,095 NRG Energy, Inc. (NYSE:NRG)

Sapient Capital LLC acquired a new stake in NRG Energy, Inc. (NYSE:NRG) in the fourth quarter, Holdings Channel.com reports. The firm acquired 12,095 shares of the utilities provider’s stock, valued at approximately $625,000.

Several other hedge funds also recently bought and sold shares of NRG. M&T Bank Corp boosted its stake in NRG Energy by 11.7% during the fourth quarter. M&T Bank Corp now owns 23,485 shares of the utilities provider’s stock valued at $1,214,000 after buying an additional 2,451 shares during the period. Amalgamated Bank grew its holdings in shares of 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 purchasing an additional 21,049 shares in the last quarter. First Trust Direct Indexing L.P. bought a new position in shares of NRG Energy in the fourth quarter worth approximately $292,000. Savant Capital LLC raised 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 buying an additional 212 shares in the last quarter. Finally, Kestra Private Wealth Services LLC purchased a new position in NRG Energy in the fourth quarter worth $354,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on NRG shares. BMO Capital Markets lifted their price target on NRG Energy from $58.00 to $59.00 and gave the stock a “market perform” rating in a research note on Thursday, February 29th. Evercore ISI increased their target price on NRG Energy from $55.00 to $65.00 and gave the company an “in-line” rating in a report on Monday, March 18th. Citigroup boosted their price objective on NRG Energy from $52.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Morgan Stanley lifted their target price on shares of NRG Energy from $51.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 26th. Finally, Wells Fargo & Company increased their price target on shares of NRG Energy from $78.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, March 25th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, NRG Energy currently has a consensus rating of “Hold” and a consensus target price of $59.50.

Insider Activity at NRG Energy

In other news, VP Rasesh M. Patel sold 49,092 shares of the business’s stock in a transaction on 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 transaction, the vice president now owns 356,962 shares in the company, valued at $22,342,251.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is currently owned by insiders.

NRG Energy Price Performance

Shares of NRG stock opened at $77.48 on Monday. The business’s fifty day moving average is $67.43 and its 200 day moving average is $55.53. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 4.49. The stock 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 twelve month low of $30.62 and a twelve month high of $77.68.

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

NRG Energy Announces Dividend

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

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.