Sequoia Financial Advisors LLC Makes New $313,000 Investment in NRG Energy, Inc. (NYSE:NRG)

Sequoia Financial Advisors LLC purchased a new position in NRG Energy, Inc. (NYSE:NRG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,061 shares of the utilities provider’s stock, valued at approximately $313,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. RFG Advisory LLC purchased a new position in NRG Energy in the fourth quarter worth $210,000. International Assets Investment Management LLC grew its holdings in NRG Energy by 1,398.1% in the fourth quarter. International Assets Investment Management LLC now owns 21,034 shares of the utilities provider’s stock worth $1,087,000 after purchasing an additional 19,630 shares during the last quarter. Strategic Blueprint LLC grew its holdings in NRG Energy by 13.8% in the fourth quarter. Strategic Blueprint LLC now owns 7,471 shares of the utilities provider’s stock worth $386,000 after purchasing an additional 907 shares during the last quarter. Rocky Mountain Advisers LLC grew its holdings in NRG Energy by 4.7% in the fourth quarter. Rocky Mountain Advisers LLC now owns 72,171 shares of the utilities provider’s stock worth $3,731,000 after purchasing an additional 3,267 shares during the last quarter. Finally, Tritonpoint Wealth LLC purchased a new stake in shares of NRG Energy during the fourth quarter valued at $208,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NRG shares. Morgan Stanley boosted their price objective on shares of NRG Energy from $51.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, March 26th. Evercore ISI increased their target price on shares of NRG Energy from $55.00 to $65.00 and gave the stock an “in-line” rating in a research note on Monday, March 18th. TheStreet raised shares of NRG Energy from a “c+” rating to a “b” rating in a research note on Friday, December 29th. Wells Fargo & Company increased their target price on shares of NRG Energy from $78.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, March 25th. Finally, Citigroup increased their target price on shares of NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, NRG Energy presently has a consensus rating of “Hold” and a consensus target price of $59.50.

NRG Energy Stock Down 3.9 %

NRG opened at $70.52 on Friday. NRG Energy, Inc. has a twelve month low of $30.52 and a twelve month high of $76.54. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 4.49. The company has a 50-day moving average price of $62.81 and a 200 day moving average price of $52.79. The company has a market cap of $15.14 billion, a PE ratio of -65.91 and a beta of 1.13.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.20. NRG Energy had a negative net margin of 0.70% and a positive return on equity of 44.03%. The firm had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $7.51 billion. Sell-side analysts expect that NRG Energy, Inc. will post 5.39 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a dividend yield of 2.31%. NRG Energy’s dividend payout ratio (DPR) is presently -152.34%.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, VP Rasesh M. Patel sold 49,092 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $62.59, for a total value of $3,072,668.28. Following the completion of the sale, the vice president now owns 356,962 shares in the company, valued at approximately $22,342,251.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.86% of the stock is owned by insiders.

About NRG Energy

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.