Farther Finance Advisors LLC Cuts Stake in NRG Energy, Inc. (NYSE:NRG)

Farther Finance Advisors LLC reduced its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 74.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,843 shares of the utilities provider’s stock after selling 5,322 shares during the quarter. Farther Finance Advisors LLC’s holdings in NRG Energy were worth $166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in NRG. SBI Securities Co. Ltd. purchased a new stake in NRG Energy during the 4th quarter valued at approximately $32,000. UMB Bank n.a. grew its holdings in shares of NRG Energy by 100.4% in the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 228 shares in the last quarter. RPg Family Wealth Advisory LLC purchased a new position in shares of NRG Energy in the third quarter valued at $43,000. Princeton Global Asset Management LLC grew its holdings in shares of NRG Energy by 414.9% in the fourth quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 390 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of NRG Energy by 221.0% in the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 347 shares in the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

NRG Energy Stock Up 1.5 %

NYSE:NRG opened at $99.70 on Friday. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $117.26. The company has a market cap of $20.30 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. The stock has a fifty day simple moving average of $102.09 and a 200-day simple moving average of $94.76. 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 announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.77%. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, February 3rd. NRG Energy’s dividend payout ratio (DPR) is 35.92%.

Analysts Set New Price Targets

A number of research firms recently weighed in on NRG. BMO Capital Markets raised their target price on shares of NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a report on Monday, March 3rd. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and raised their target price for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. Guggenheim lifted their price objective on shares of NRG Energy from $134.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. Finally, Wells Fargo & Company lifted their price objective on shares of NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $123.29.

Insider Transactions at NRG Energy

In related news, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction dated 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 in the company, valued at $6,780,794.02. The trade was a 22.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of NRG Energy stock in a transaction dated 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 completion of the sale, the vice president now owns 64,448 shares of the company’s stock, valued at $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. Corporate insiders own 0.86% of the company’s stock.

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.