Horizon Investment Services LLC Has $556,000 Stock Position in NRG Energy, Inc. (NYSE:NRG)

Horizon Investment Services LLC reduced its position in NRG Energy, Inc. (NYSE:NRG) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,163 shares of the utilities provider’s stock after selling 245 shares during the period. Horizon Investment Services LLC’s holdings in NRG Energy were worth $556,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Cerity Partners LLC lifted its stake in NRG Energy by 21.9% in the third quarter. Cerity Partners LLC now owns 26,398 shares of the utilities provider’s stock valued at $2,405,000 after acquiring an additional 4,749 shares during the last quarter. Independent Advisor Alliance acquired a new stake in shares of NRG Energy in the 3rd quarter valued at $225,000. Brown Brothers Harriman & Co. boosted its holdings in NRG Energy by 113,700.0% in the third quarter. Brown Brothers Harriman & Co. now owns 1,138 shares of the utilities provider’s stock worth $104,000 after purchasing an additional 1,137 shares in the last quarter. Brooklyn Investment Group acquired a new position in NRG Energy during the third quarter worth $46,000. Finally, Townsquare Capital LLC acquired a new stake in shares of NRG Energy in the third quarter worth about $242,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

NRG Energy Price Performance

Shares of NRG stock opened at $95.05 on Friday. NRG Energy, Inc. has a 12 month low of $65.11 and a 12 month high of $117.26. The company has a market capitalization of $19.36 billion, a P/E ratio of 23.88, a P/E/G ratio of 1.01 and a beta of 1.13. The stock has a 50 day moving average of $101.75 and a two-hundred day moving average of $95.57. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57.

NRG Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.85%. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s payout ratio is currently 35.92%.

Insider Buying and Selling at NRG Energy

In related news, 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 completion of the transaction, the chief financial officer now owns 69,454 shares in the company, valued at $6,780,794.02. This trade represents a 22.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of NRG Energy stock in a transaction 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 transaction, the vice president now directly owns 64,448 shares of the company’s stock, valued at approximately $5,891,191.68. The trade was a 48.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NRG shares. Morgan Stanley raised their price objective on NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Evercore ISI upgraded shares of NRG Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. Wells Fargo & Company raised their target price 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. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Finally, Guggenheim raised their price target on NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $123.29.

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.