NRG Energy, Inc. (NYSE:NRG) Stock Holdings Decreased by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its position in NRG Energy, Inc. (NYSE:NRG) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,098 shares of the utilities provider’s stock after selling 880 shares during the period. State of Alaska Department of Revenue’s holdings in NRG Energy were worth $2,083,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, VP Robert J. Gaudette sold 60,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 64,448 shares of the company’s stock, valued at $5,891,191.68. This trade represents a 48.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Bruce Chung sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the transaction, the chief financial officer now directly owns 69,454 shares of the company’s stock, valued at $6,780,794.02. This represents a 22.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.

NRG Energy Stock Performance

Shares of NRG stock opened at $105.24 on Tuesday. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The stock has a market cap of $21.32 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 1.22 and a beta of 1.15. The stock has a 50-day moving average of $98.70 and a 200-day moving average of $90.66. NRG Energy, Inc. has a one year low of $51.26 and a one year high of $115.38.

NRG Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.67%. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date is Monday, February 3rd. NRG Energy’s dividend payout ratio is presently 44.22%.

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.