FCG Investment Co Acquires 592 Shares of NRG Energy, Inc. (NYSE:NRG)

FCG Investment Co lifted its stake in NRG Energy, Inc. (NYSE:NRG) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,501 shares of the utilities provider’s stock after buying an additional 592 shares during the period. FCG Investment Co’s holdings in NRG Energy were worth $1,128,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in NRG. Secure Asset Management LLC raised its holdings in NRG Energy by 3.0% in the 4th quarter. Secure Asset Management LLC now owns 6,078 shares of the utilities provider’s stock valued at $548,000 after acquiring an additional 178 shares in the last quarter. Inspire Investing LLC raised its stake in NRG Energy by 16.0% in the fourth quarter. Inspire Investing LLC now owns 35,182 shares of the utilities provider’s stock valued at $3,174,000 after purchasing an additional 4,865 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in NRG Energy by 34.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 13,094 shares of the utilities provider’s stock worth $1,181,000 after purchasing an additional 3,329 shares during the period. Viking Fund Management LLC lifted its position in NRG Energy by 50.0% during the fourth quarter. Viking Fund Management LLC now owns 30,000 shares of the utilities provider’s stock worth $2,707,000 after purchasing an additional 10,000 shares during the period. Finally, MBM Wealth Consultants LLC grew its stake in NRG Energy by 3.2% during the fourth quarter. MBM Wealth Consultants LLC now owns 5,745 shares of the utilities provider’s stock worth $533,000 after buying an additional 177 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NRG shares. Wells Fargo & Company upped their price target on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Guggenheim upped their target price on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. BMO Capital Markets raised their target price on NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a report on Tuesday, November 19th. Citigroup boosted their price target on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and raised their price objective for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $111.43.

NRG Energy Trading Up 0.1 %

NYSE NRG opened at $110.45 on Friday. The company has a market cap of $22.37 billion, a price-to-earnings ratio of 27.75, a price-to-earnings-growth ratio of 1.30 and a beta of 1.15. NRG Energy, Inc. has a twelve month low of $51.26 and a twelve month high of $115.38. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The business’s fifty day moving average is $97.12 and its 200 day moving average is $88.23.

NRG Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.44 per share. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Monday, February 3rd. NRG Energy’s payout ratio is 40.95%.

Insider Activity

In related news, CFO Bruce Chung sold 20,000 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $97.63, for a total value of $1,952,600.00. Following the sale, the chief financial officer now owns 69,454 shares of the company’s stock, valued at $6,780,794.02. The trade was a 22.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 64,448 shares of the company’s stock, valued at approximately $5,891,191.68. This represents a 48.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by insiders.

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.