NRG Energy, Inc. (NYSE:NRG) Shares Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. boosted its position in NRG Energy, Inc. (NYSE:NRG) by 32.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,418 shares of the utilities provider’s stock after buying an additional 3,561 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in NRG Energy were worth $1,301,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NRG. Assenagon Asset Management S.A. lifted its stake in shares of 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 in the last quarter. Appaloosa LP raised its position in shares of NRG Energy by 81.5% in the 4th quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider’s stock valued at $163,749,000 after purchasing an additional 815,180 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of NRG Energy during the 4th quarter valued at approximately $61,679,000. Bridgewater Associates LP increased its stake in shares of NRG Energy by 352.9% in the third quarter. Bridgewater Associates LP now owns 804,801 shares of the utilities provider’s stock worth $73,317,000 after buying an additional 627,121 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in NRG Energy by 52.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,330,706 shares of the utilities provider’s stock valued at $121,227,000 after acquiring an additional 456,573 shares in the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

NRG Energy Trading Up 1.0 %

NYSE:NRG opened at $100.63 on Friday. The stock’s 50-day moving average is $102.12 and its two-hundred day moving average is $94.97. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The stock has a market cap of $20.49 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $117.26.

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 paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.75%. The ex-dividend date was Monday, February 3rd. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s dividend payout ratio is currently 35.92%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on NRG shares. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Guggenheim boosted their price objective on NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Morgan Stanley boosted their price target on NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. 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 report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, 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, CFO Bruce Chung sold 20,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 69,454 shares of the company’s stock, valued at $6,780,794.02. This trade represents a 22.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert J. Gaudette sold 60,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 64,448 shares of the company’s stock, valued at approximately $5,891,191.68. The trade was a 48.21 % 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.