NRG Energy, Inc. (NYSE:NRG) Stake Boosted by Independent Advisor Alliance

Independent Advisor Alliance raised its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,619 shares of the utilities provider’s stock after purchasing an additional 146 shares during the period. Independent Advisor Alliance’s holdings in NRG Energy were worth $236,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Assenagon Asset Management S.A. lifted its holdings in NRG Energy by 1,010.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider’s stock worth $140,504,000 after acquiring an additional 1,417,057 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of NRG Energy in the fourth quarter valued at approximately $61,679,000. Bridgewater Associates LP raised its holdings in shares of NRG Energy by 352.9% during the third quarter. Bridgewater Associates LP now owns 804,801 shares of the utilities provider’s stock valued at $73,317,000 after buying an additional 627,121 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of NRG Energy by 52.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,330,706 shares of the utilities provider’s stock worth $121,227,000 after buying an additional 456,573 shares during the period. Finally, Geode Capital Management LLC grew its holdings in NRG Energy by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 5,399,098 shares of the utilities provider’s stock worth $494,225,000 after buying an additional 313,478 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Stock Up 3.8 %

Shares of NRG Energy stock opened at $98.30 on Thursday. NRG Energy, Inc. has a 12-month low of $65.11 and a 12-month high of $117.26. The firm has a market capitalization of $20.02 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. 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 stock’s fifty day moving average is $102.07 and its 200-day moving average is $94.72.

NRG Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s payout ratio is presently 35.92%.

Analysts Set New Price Targets

A number of brokerages have issued reports on NRG. Wells Fargo & Company boosted their price target on NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Guggenheim increased their target price on shares of NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. BMO Capital Markets boosted their price target on shares of NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a research report on Monday, March 3rd. Morgan Stanley raised their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Finally, StockNews.com lowered NRG Energy from a “buy” rating to a “hold” rating in a research note 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $123.29.

Insiders Place Their Bets

In other news, VP Robert J. Gaudette sold 60,000 shares of the 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 completion of the sale, the vice president now owns 64,448 shares in the company, valued at $5,891,191.68. This represents a 48.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Bruce Chung sold 20,000 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $97.63, for a total value of $1,952,600.00. Following the completion of the sale, the chief financial officer now directly owns 69,454 shares of the company’s stock, valued at approximately $6,780,794.02. This trade represents a 22.36 % 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.