Stiles Financial Services Inc Sells 812 Shares of NRG Energy, Inc. (NYSE:NRG)

Stiles Financial Services Inc trimmed its stake in NRG Energy, Inc. (NYSE:NRG) by 15.5% in the 4th quarter, HoldingsChannel reports. The fund owned 4,441 shares of the utilities provider’s stock after selling 812 shares during the quarter. Stiles Financial Services Inc’s holdings in NRG Energy were worth $401,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in NRG Energy in the third quarter valued at about $26,000. Covestor Ltd boosted its holdings in shares of NRG Energy by 74.7% in the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after buying an additional 139 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of NRG Energy in the 3rd quarter worth approximately $35,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of NRG Energy during the 3rd quarter worth approximately $36,000. Finally, UMB Bank n.a. lifted its position in NRG Energy by 100.4% during the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 228 shares during the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NRG Energy

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

NRG Energy Stock Down 0.3 %

Shares of NRG stock opened at $102.96 on Monday. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. NRG Energy, Inc. has a fifty-two week low of $51.26 and a fifty-two week high of $115.38. The firm has a market capitalization of $20.86 billion, a PE ratio of 25.87, a P/E/G ratio of 1.22 and a beta of 1.15. The stock’s 50-day simple moving average is $98.59 and its 200-day simple moving average is $90.43.

NRG Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.71%. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, February 3rd. NRG Energy’s payout ratio is presently 44.22%.

Analysts Set New Price Targets

NRG has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their price target on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Citigroup upped their target price on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and raised their price target for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Evercore ISI upgraded shares of NRG Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. Finally, BMO Capital Markets increased their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $111.43.

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.