Signaturefd LLC Has $255,000 Stake in NRG Energy, Inc. (NYSE:NRG)

Signaturefd LLC boosted its holdings in NRG Energy, Inc. (NYSE:NRG) by 6.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,827 shares of the utilities provider’s stock after purchasing an additional 183 shares during the quarter. Signaturefd LLC’s holdings in NRG Energy were worth $255,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cibc World Markets Corp increased its position in shares of NRG Energy by 14.1% during the fourth quarter. Cibc World Markets Corp now owns 32,129 shares of the utilities provider’s stock worth $2,899,000 after acquiring an additional 3,961 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in NRG Energy by 14.6% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 15,611 shares of the utilities provider’s stock worth $1,408,000 after purchasing an additional 1,985 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of NRG Energy by 32.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,418 shares of the utilities provider’s stock worth $1,301,000 after purchasing an additional 3,561 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of NRG Energy by 12.1% in the fourth quarter. Natixis Advisors LLC now owns 182,929 shares of the utilities provider’s stock valued at $16,504,000 after purchasing an additional 19,798 shares in the last quarter. Finally, Catalyst Funds Management Pty Ltd boosted its position in shares of NRG Energy by 83.3% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 3,300 shares of the utilities provider’s stock valued at $298,000 after buying an additional 1,500 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.

Insider Activity

In related news, VP Robert J. Gaudette sold 60,000 shares of the business’s stock in a transaction dated 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. The trade was a 48.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the 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 transaction, the chief financial officer now owns 69,454 shares of the company’s stock, valued at $6,780,794.02. This represents a 22.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

NRG Energy Trading Up 1.0 %

Shares of NRG stock opened at $100.63 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 firm has a market cap of $20.49 billion, a P/E ratio of 25.28, a PEG ratio of 1.01 and a beta of 1.13. The company has a 50 day moving average of $102.12 and a 200-day moving average of $94.86. NRG Energy, Inc. has a 12-month low of $65.11 and a 12-month high of $117.26.

NRG Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.44 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a dividend yield of 1.75%. NRG Energy’s payout ratio is presently 35.92%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wells Fargo & Company raised their price objective on NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. BMO Capital Markets raised their price target on shares of NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a research report on Monday, March 3rd. StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Finally, Morgan Stanley upped their target price on NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $123.29.

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.