Trustmark National Bank Trust Department Raises Stock Position in NRG Energy, Inc. (NYSE:NRG)

Trustmark National Bank Trust Department boosted its position in shares of NRG Energy, Inc. (NYSE:NRG) by 9.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,586 shares of the utilities provider’s stock after purchasing an additional 678 shares during the period. Trustmark National Bank Trust Department’s holdings in NRG Energy were worth $691,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NRG. Ashton Thomas Securities LLC purchased a new position in NRG Energy during the third quarter worth about $26,000. Covestor Ltd grew its holdings in NRG Energy by 74.7% during the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 139 shares in the last quarter. Rothschild Investment LLC acquired a new position in NRG Energy during the 2nd quarter worth approximately $32,000. First Horizon Advisors Inc. lifted its position in shares of NRG Energy by 76.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock worth $34,000 after buying an additional 191 shares during the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of NRG Energy during the 3rd quarter worth approximately $35,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

NRG Energy Stock Performance

Shares of NRG Energy stock opened at $96.76 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The company has a market cap of $19.60 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 1.38 and a beta of 1.10. The business has a 50 day moving average price of $89.77 and a 200-day moving average price of $82.94. NRG Energy, Inc. has a 52 week low of $45.04 and a 52 week high of $102.84.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.4075 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a yield of 1.68%. NRG Energy’s payout ratio is 40.95%.

Analyst Ratings Changes

NRG has been the topic of a number of recent analyst reports. Citigroup upped their price target 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. Guggenheim lifted their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Jefferies Financial Group assumed coverage on NRG Energy in a research note on Friday, September 13th. They set a “hold” rating and a $82.00 price objective for the company. Finally, Wells Fargo & Company lifted their target price on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, NRG Energy presently has a consensus rating of “Hold” and an average price target of $98.29.

Insider Transactions at NRG Energy

In other news, insider Rasesh M. Patel sold 102,603 shares of NRG Energy stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $80.35, for a total value of $8,244,151.05. Following the transaction, the insider now owns 163,680 shares in the company, valued at approximately $13,151,688. The trade was a 38.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.86% of the company’s stock.

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.