NRG Energy, Inc. (NYSE:NRG) Shares Sold by SRH Advisors LLC

SRH Advisors LLC lessened its holdings in NRG Energy, Inc. (NYSE:NRG) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,500 shares of the utilities provider’s stock after selling 350 shares during the period. NRG Energy makes up approximately 0.3% of SRH Advisors LLC’s portfolio, making the stock its 25th largest position. SRH Advisors LLC’s holdings in NRG Energy were worth $857,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its holdings in NRG Energy by 6.2% in the third quarter. Geode Capital Management LLC now owns 5,399,098 shares of the utilities provider’s stock valued at $494,225,000 after purchasing an additional 313,478 shares during the period. Banco Santander S.A. boosted its stake in shares of NRG Energy by 0.9% in the 3rd quarter. Banco Santander S.A. now owns 2,820,500 shares of the utilities provider’s stock valued at $256,948,000 after buying an additional 24,834 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of NRG Energy by 7.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,663,441 shares of the utilities provider’s stock worth $242,639,000 after buying an additional 182,481 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of NRG Energy by 1,010.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider’s stock worth $140,504,000 after buying an additional 1,417,057 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in shares of NRG Energy by 52.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,330,706 shares of the utilities provider’s stock worth $121,227,000 after buying an additional 456,573 shares during the period. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Stock Down 0.4 %

NRG opened at $104.79 on Wednesday. The stock has a market capitalization of $21.23 billion, a P/E ratio of 26.33, a price-to-earnings-growth ratio of 1.22 and a beta of 1.15. 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 one year low of $51.26 and a one year high of $115.38. The business’s 50-day simple moving average is $98.82 and its 200-day simple moving average is $90.88.

NRG Energy Increases Dividend

The company 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 $0.44 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.68%. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s payout ratio is currently 44.22%.

Analysts Set New Price Targets

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

Insider Activity

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $97.63, for a total value of $1,952,600.00. Following the transaction, the chief financial officer now directly owns 69,454 shares in the company, valued at approximately $6,780,794.02. This trade represents a 22.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Robert J. Gaudette sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total value of $5,484,600.00. Following the sale, the vice president now 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 disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

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.