Choreo LLC Sells 733 Shares of NRG Energy, Inc. (NYSE:NRG)

Choreo LLC lessened its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 10.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,123 shares of the utilities provider’s stock after selling 733 shares during the quarter. Choreo LLC’s holdings in NRG Energy were worth $563,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Brookstone Capital Management purchased a new position in shares of NRG Energy in the third quarter valued at $211,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in NRG Energy during the 3rd quarter valued at about $36,000. ORG Wealth Partners LLC bought a new stake in shares of NRG Energy during the third quarter valued at about $128,000. Vontobel Holding Ltd. purchased a new stake in shares of NRG Energy in the third quarter worth about $2,460,000. Finally, B.O.S.S. Retirement Advisors LLC boosted its position in shares of NRG Energy by 3.8% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 16,990 shares of the utilities provider’s stock valued at $1,548,000 after acquiring an additional 621 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Trading Down 0.4 %

NYSE NRG opened at $104.79 on Wednesday. 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 50-day simple moving average is $98.82 and its two-hundred day simple moving average is $90.88. NRG Energy, Inc. has a twelve month low of $51.26 and a twelve month high of $115.38. The company has a market capitalization of $21.23 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 1.22 and a beta of 1.15.

NRG Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a $0.44 dividend. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date is Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.68%. NRG Energy’s payout ratio is presently 44.22%.

Insiders Place Their Bets

In related news, CFO Bruce Chung sold 20,000 shares of the company’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 completion of the transaction, the chief financial officer now owns 69,454 shares in the company, valued at $6,780,794.02. This represents a 22.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 completion of the sale, the vice president now directly owns 64,448 shares of the company’s stock, valued at $5,891,191.68. The trade was a 48.21 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.

Analyst Ratings Changes

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

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.