43,984 Shares in NRG Energy, Inc. (NYSE:NRG) Purchased by TrueMark Investments LLC

TrueMark Investments LLC acquired a new position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 43,984 shares of the utilities provider's stock, valued at approximately $3,968,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its position in NRG Energy by 29.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 236,734 shares of the utilities provider's stock valued at $21,566,000 after buying an additional 54,165 shares during the period. Raymond James Trust N.A. boosted its position in NRG Energy by 21.0% during the third quarter. Raymond James Trust N.A. now owns 3,919 shares of the utilities provider's stock valued at $357,000 after purchasing an additional 679 shares during the last quarter. Cerity Partners LLC grew its stake in NRG Energy by 21.9% in the third quarter. Cerity Partners LLC now owns 26,398 shares of the utilities provider's stock valued at $2,405,000 after purchasing an additional 4,749 shares in the last quarter. Summit Trail Advisors LLC increased its position in NRG Energy by 99.4% in the 3rd quarter. Summit Trail Advisors LLC now owns 7,744 shares of the utilities provider's stock worth $705,000 after purchasing an additional 3,861 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. purchased a new stake in shares of NRG Energy during the 3rd quarter worth about $204,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NRG has been the subject of several recent research reports. BMO Capital Markets boosted their price target on NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a research note on Monday, March 3rd. StockNews.com lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Guggenheim lifted their price objective on shares of NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Evercore ISI raised shares of NRG Energy from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Finally, Morgan Stanley boosted their price target on NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, NRG Energy currently has an average rating of "Moderate Buy" and an average target price of $123.29.

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NRG Energy Stock Performance

NRG traded down $0.71 during trading on Friday, hitting $95.05. The stock had a trading volume of 2,403,211 shares, compared to its average volume of 3,083,958. The firm has a market cap of $19.36 billion, a PE ratio of 23.88, a P/E/G ratio of 1.01 and a beta of 1.13. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a 12 month low of $65.11 and a 12 month high of $117.26. The company has a 50 day simple moving average of $101.75 and a 200-day simple moving average of $95.69.

NRG Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Monday, February 3rd. This is a boost from NRG Energy's previous quarterly dividend of $0.41. NRG Energy's payout ratio is currently 35.92%.

Insider Activity at NRG Energy

In other news, VP Robert J. Gaudette sold 60,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total value of $5,484,600.00. Following the completion of the sale, the vice president now directly owns 64,448 shares of the company's stock, valued at approximately $5,891,191.68. This represents a 48.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the completion of the sale, the chief financial officer now owns 69,454 shares of the company's stock, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

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.