Baader Bank Aktiengesellschaft Trims Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Baader Bank Aktiengesellschaft trimmed its holdings in NRG Energy, Inc. (NYSE:NRG) by 35.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,854 shares of the utilities provider’s stock after selling 3,774 shares during the period. Baader Bank Aktiengesellschaft’s holdings in NRG Energy were worth $618,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in NRG Energy during the 3rd quarter valued at $26,000. Covestor Ltd lifted its stake in NRG Energy by 74.7% during the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 139 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of NRG Energy during the third quarter worth $35,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of NRG Energy in the 3rd quarter worth about $36,000. Finally, UMB Bank n.a. grew its position in shares of NRG Energy by 100.4% during the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock valued at $41,000 after buying an additional 228 shares during the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Trading Up 4.4 %

NRG Energy stock opened at $104.95 on Friday. The stock has a market capitalization of $21.26 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 1.30 and a beta of 1.15. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. NRG Energy, Inc. has a 12-month low of $51.26 and a 12-month high of $115.38. The firm has a 50 day simple moving average of $98.02 and a 200-day simple moving average of $89.07.

NRG Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a $0.44 dividend. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.76 annualized dividend and a dividend yield of 1.68%. NRG Energy’s dividend payout ratio is 44.22%.

Analyst Ratings Changes

A number of equities analysts have issued reports on NRG shares. Wells Fargo & Company raised their target price on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Guggenheim upped their price objective on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Citigroup raised their target price on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Finally, BMO Capital Markets boosted their target price on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, NRG Energy currently has an average rating of “Moderate Buy” and an average target price of $111.43.

Insider Activity at NRG Energy

In related news, CFO Bruce Chung sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were 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 in the company, valued at approximately $6,780,794.02. This trade represents a 22.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of the company’s stock in a transaction 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 transaction, the vice president now directly owns 64,448 shares in the company, valued at $5,891,191.68. This represents a 48.21 % decrease in their position. The disclosure for this sale can be found here. Company 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.