Sequoia Financial Advisors LLC Has $394,000 Position in NRG Energy, Inc. (NYSE:NRG)

Sequoia Financial Advisors LLC lifted its stake in NRG Energy, Inc. (NYSE:NRG) by 33.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,370 shares of the utilities provider’s stock after acquiring an additional 1,094 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in NRG Energy were worth $394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. HighTower Advisors LLC increased its position in NRG Energy by 37.6% in the 4th quarter. HighTower Advisors LLC now owns 43,650 shares of the utilities provider’s stock worth $3,938,000 after purchasing an additional 11,920 shares during the last quarter. Glaxis Capital Management LLC acquired a new position in NRG Energy in the fourth quarter worth approximately $1,398,000. DSC Meridian Capital LP raised its position in NRG Energy by 32.2% during the fourth quarter. DSC Meridian Capital LP now owns 6,617 shares of the utilities provider’s stock valued at $597,000 after acquiring an additional 1,611 shares in the last quarter. Wealthfront Advisers LLC lifted its stake in NRG Energy by 22.7% in the fourth quarter. Wealthfront Advisers LLC now owns 4,888 shares of the utilities provider’s stock valued at $441,000 after acquiring an additional 905 shares during the last quarter. Finally, Independent Advisor Alliance grew its position in NRG Energy by 5.9% in the fourth quarter. Independent Advisor Alliance now owns 2,619 shares of the utilities provider’s stock worth $236,000 after acquiring an additional 146 shares in the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Stock Performance

NRG opened at $94.57 on Wednesday. NRG Energy, Inc. has a 12-month low of $63.84 and a 12-month high of $117.26. The firm has a market capitalization of $19.26 billion, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. The stock’s 50 day moving average price is $102.07 and its two-hundred day moving average price is $94.70. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57.

NRG Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.44 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.86%. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s payout ratio is 35.92%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. Guggenheim increased their price objective on NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, February 27th. BMO Capital Markets boosted their target price on NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a report on Monday, March 3rd. Finally, StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $123.29.

Insider Activity at NRG Energy

In related news, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction dated 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 sale, the chief financial officer now directly owns 69,454 shares of the company’s stock, valued at $6,780,794.02. This trade represents a 22.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $91.41, for a total value 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 approximately $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.