NRG Energy, Inc. (NYSE:NRG) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 20.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 110,645 shares of the utilities provider’s stock after acquiring an additional 19,161 shares during the period. Nisa Investment Advisors LLC’s holdings in NRG Energy were worth $9,982,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC purchased a new position in NRG Energy during the third quarter valued at $26,000. Covestor Ltd boosted its holdings in NRG Energy by 74.7% in the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after buying an additional 139 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in NRG Energy during the 3rd quarter worth approximately $35,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of NRG Energy in the third quarter valued at approximately $36,000. Finally, UMB Bank n.a. boosted its stake 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 worth $41,000 after acquiring an additional 228 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Up 0.1 %

Shares of NYSE NRG opened at $110.45 on Friday. 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 business’s 50 day moving average is $97.12 and its two-hundred day moving average is $88.23. NRG Energy, Inc. has a 52-week low of $51.26 and a 52-week high of $115.38. The firm has a market cap of $22.37 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 1.31 and a beta of 1.15.

NRG Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Monday, February 3rd. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s payout ratio is currently 40.95%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NRG. Wells Fargo & Company boosted their price target on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Guggenheim boosted their target price on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Citigroup raised their price target 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. Evercore ISI upgraded NRG Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $74.00 to $126.00 in a report on Tuesday. Finally, BMO Capital Markets raised their target price on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 19th. Three 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 has a consensus rating of “Moderate Buy” and a consensus price target of $111.43.

Insider Buying and Selling

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 sale, the vice president now directly owns 64,448 shares in the company, valued at approximately $5,891,191.68. This trade represents a 48.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bruce Chung sold 20,000 shares of the business’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 transaction, the chief financial officer now directly owns 69,454 shares of the company’s stock, valued at $6,780,794.02. The trade was a 22.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

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.