TFB Advisors LLC Purchases 3,004 Shares of NRG Energy, Inc. (NYSE:NRG)

TFB Advisors LLC boosted its position in NRG Energy, Inc. (NYSE:NRG) by 88.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,417 shares of the utilities provider’s stock after purchasing 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 Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of NRG. Quadrature Capital Ltd boosted its holdings in NRG Energy by 148.6% during the 1st quarter. Quadrature Capital Ltd now owns 21,814 shares of the utilities provider’s stock valued at $1,477,000 after acquiring an additional 13,040 shares during the period. Cetera Investment Advisers increased its stake in NRG Energy by 104.5% in the 1st quarter. Cetera Investment Advisers now owns 73,865 shares of the utilities provider’s stock worth $5,000,000 after buying an additional 37,750 shares during the period. Assenagon Asset Management S.A. lifted its holdings in NRG Energy by 65.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock valued at $124,318,000 after buying an additional 633,765 shares in the last quarter. Friedenthal Financial bought a new position in NRG Energy in the 2nd quarter worth about $746,000. Finally, State Board of Administration of Florida Retirement System increased its position in shares of NRG Energy by 2.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 288,619 shares of the utilities provider’s stock worth $19,537,000 after acquiring an additional 7,880 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on NRG. BMO Capital Markets raised 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. 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 target on the stock. Guggenheim upped their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Wells Fargo & Company raised their target price on shares of NRG Energy from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Citigroup boosted their price target on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Five 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 presently has an average rating of “Hold” and an average price target of $96.00.

NRG Energy Price Performance

NYSE NRG opened at $96.40 on Friday. The firm’s fifty day simple moving average is $86.99 and its two-hundred day simple moving average is $81.50. The firm has a market capitalization of $19.90 billion, a P/E ratio of 10.50, a P/E/G ratio of 1.30 and a beta of 1.10. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 3.51. NRG Energy, Inc. has a 12-month low of $44.90 and a 12-month high of $97.35.

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

NRG Energy Announces Dividend

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

Insider Transactions at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of NRG Energy stock in a transaction that occurred on 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 approximately $13,151,688. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.86% of the company’s stock.

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.