Fortem Financial Group LLC Has $1.29 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Fortem Financial Group LLC grew its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,253 shares of the utilities provider’s stock after buying an additional 450 shares during the quarter. Fortem Financial Group LLC’s holdings in NRG Energy were worth $1,286,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NRG. Ashton Thomas Securities LLC acquired a new position in NRG Energy in the 3rd quarter worth about $26,000. Covestor Ltd raised its position in shares of NRG Energy by 74.7% in the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 139 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of NRG Energy in the 3rd quarter valued at about $35,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in NRG Energy during the third quarter worth approximately $36,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in NRG Energy in the third quarter worth approximately $43,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Stock Up 0.8 %

NRG traded up $0.79 during midday trading on Monday, reaching $99.29. 1,971,151 shares of the company were exchanged, compared to its average volume of 2,232,985. The company has a market cap of $20.11 billion, a price-to-earnings ratio of 24.95, a price-to-earnings-growth ratio of 1.29 and a beta of 1.15. NRG Energy, Inc. has a one year low of $50.23 and a one year high of $103.14. The company’s fifty day moving average price is $93.87 and its 200 day moving average price is $86.04. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Friday, November 1st. NRG Energy’s payout ratio is currently 40.95%.

Wall Street Analysts Forecast Growth

NRG has been the subject of several research analyst reports. Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. BMO Capital Markets upped their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a report on Tuesday, November 19th. Guggenheim raised their target price on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Citigroup upped their price target on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company boosted their price objective on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.71.

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.