TFB Advisors LLC Boosts Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

TFB Advisors LLC increased its position in shares of NRG Energy, Inc. (NYSE:NRG) by 88.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,417 shares of the utilities provider’s stock after buying an additional 3,004 shares during the period. TFB Advisors LLC’s holdings in NRG Energy were worth $585,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NRG. Central Pacific Bank Trust Division acquired a new position in shares of NRG Energy during the 1st quarter worth approximately $45,000. GSA Capital Partners LLP acquired a new position in NRG Energy during the first quarter worth $1,003,000. Duality Advisers LP grew its position in shares of NRG Energy by 19.3% in the first quarter. Duality Advisers LP now owns 35,647 shares of the utilities provider’s stock valued at $2,413,000 after purchasing an additional 5,767 shares during the period. Empirical Finance LLC increased its stake in shares of NRG Energy by 3.2% during the first quarter. Empirical Finance LLC now owns 8,606 shares of the utilities provider’s stock worth $583,000 after purchasing an additional 270 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of NRG Energy by 14.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 4,880 shares of the utilities provider’s stock worth $330,000 after purchasing an additional 624 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insider Buying and Selling

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of NRG Energy stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the completion of the sale, the insider now directly owns 163,680 shares in the company, valued at $13,151,688. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.86% of the company’s stock.

NRG Energy Stock Performance

NYSE:NRG opened at $96.40 on Friday. The company’s 50-day moving average is $86.99 and its two-hundred day moving average is $81.50. NRG Energy, Inc. has a 1-year low of $44.90 and a 1-year high of $97.35. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.18 and a quick ratio of 1.11. The firm has a market capitalization of $19.90 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 1.30 and a beta of 1.10.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Thursday, August 8th. The utilities provider reported $3.37 EPS for the quarter, beating the consensus estimate of $1.55 by $1.82. The firm had revenue of $6.66 billion for the quarter, compared to analyst estimates of $8.32 billion. NRG Energy had a net margin of 7.19% and a return on equity of 43.69%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.10 EPS. Analysts forecast that NRG Energy, Inc. will post 6.29 EPS for the current year.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.4075 dividend. This represents a $1.63 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Friday, November 1st. NRG Energy’s dividend payout ratio (DPR) is presently 17.76%.

Analyst Upgrades and Downgrades

NRG has been the topic of several research analyst reports. BMO Capital Markets lifted their price objective on NRG Energy from $90.00 to $94.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Citigroup lifted their target price on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group began coverage on shares of NRG Energy in a research report on Friday, September 13th. They issued a “hold” rating and a $82.00 target price for the company. Finally, Guggenheim boosted their price target on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $96.00.

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.