Headlands Technologies LLC Invests $118,000 in NRG Energy, Inc. (NYSE:NRG)

Headlands Technologies LLC purchased a new stake in NRG Energy, Inc. (NYSE:NRG) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,286 shares of the utilities provider’s stock, valued at approximately $118,000.

A number of other hedge funds have also recently added to or reduced their stakes in NRG. Authentikos Wealth Advisory LLC acquired a new stake in NRG Energy in the third quarter valued at approximately $41,000. CENTRAL TRUST Co lifted its stake in shares of NRG Energy by 1,005.5% in the 4th quarter. CENTRAL TRUST Co now owns 807 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 734 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of NRG Energy by 35.4% in the 4th quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 226 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in NRG Energy in the third quarter worth $57,000. Finally, GAMMA Investing LLC acquired a new position in NRG Energy during the fourth quarter worth $106,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insider Buying and Selling

In other news, VP Rasesh M. Patel sold 49,092 shares of NRG Energy stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $62.59, for a total transaction of $3,072,668.28. Following the sale, the vice president now directly owns 356,962 shares in the company, valued at approximately $22,342,251.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.61% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NRG. Citigroup boosted their price target on NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Evercore ISI boosted their target price on NRG Energy from $55.00 to $65.00 and gave the stock an “in-line” rating in a report on Monday, March 18th. Morgan Stanley increased their price target on NRG Energy from $51.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, March 26th. StockNews.com raised shares of NRG Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Finally, Wells Fargo & Company upped their price objective on shares of NRG Energy from $78.00 to $85.00 and gave the stock an “overweight” rating in a 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $59.50.

NRG Energy Price Performance

Shares of NRG stock opened at $73.97 on Tuesday. NRG Energy, Inc. has a 12 month low of $30.52 and a 12 month high of $76.54. The stock has a 50 day moving average of $65.61 and a 200-day moving average of $54.60. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 4.49.

NRG Energy (NYSE:NRG) last released its earnings results on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share for the quarter, topping 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 business had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $7.51 billion. Research analysts predict that NRG Energy, Inc. will post 5.36 EPS for the current year.

NRG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.4075 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.20%. NRG Energy’s payout ratio is -152.34%.

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.