Stratos Wealth Partners LTD. Has $244,000 Position in NRG Energy, Inc. (NYSE:NRG)

Stratos Wealth Partners LTD. grew its stake in NRG Energy, Inc. (NYSE:NRG) by 11.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,707 shares of the utilities provider’s stock after buying an additional 281 shares during the period. Stratos Wealth Partners LTD.’s holdings in NRG Energy were worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in NRG. Ashton Thomas Securities LLC acquired a new position in shares of NRG Energy in the 3rd quarter worth approximately $26,000. Covestor Ltd lifted its holdings in NRG Energy by 74.7% in the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after buying an additional 139 shares during the period. Harbor Capital Advisors Inc. bought a new stake in NRG Energy during the third quarter valued at $35,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in NRG Energy during the 3rd quarter worth about $36,000. Finally, UMB Bank n.a. raised its position in shares of NRG Energy by 100.4% in the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 228 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. BMO Capital Markets lifted their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Citigroup increased their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Evercore ISI raised NRG Energy from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $74.00 to $126.00 in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company increased their price target on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $111.43.

NRG Energy Price Performance

NRG Energy stock opened at $106.17 on Friday. The stock has a market cap of $21.51 billion, a P/E ratio of 26.67, a P/E/G ratio of 1.22 and a beta of 1.15. 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 company’s 50 day moving average price is $98.95 and its two-hundred day moving average price is $91.06. NRG Energy, Inc. has a 52 week low of $51.42 and a 52 week high of $115.38.

NRG Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Monday, February 3rd. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s dividend payout ratio is 44.22%.

Insider Activity

In other news, VP Robert J. Gaudette sold 60,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total transaction 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 $5,891,191.68. This represents a 48.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the chief financial officer now owns 69,454 shares of the company’s stock, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

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.