Axecap Investments LLC Takes $2.35 Million Position in NRG Energy, Inc. (NYSE:NRG)

Axecap Investments LLC bought a new stake in NRG Energy, Inc. (NYSE:NRG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,038 shares of the utilities provider’s stock, valued at approximately $2,349,000. NRG Energy makes up approximately 1.8% of Axecap Investments LLC’s investment portfolio, making the stock its 25th biggest position.

A number of other large investors also recently modified their holdings of NRG. Brookstone Capital Management bought a new position in shares of NRG Energy in the third quarter valued at approximately $211,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in NRG Energy during the third quarter worth $36,000. Gateway Investment Advisers LLC bought a new stake in NRG Energy during the third quarter worth $369,000. Koshinski Asset Management Inc. bought a new stake in NRG Energy during the third quarter worth $1,155,000. Finally, ORG Wealth Partners LLC bought a new stake in NRG Energy during the third quarter worth $128,000. Institutional investors own 97.72% of the company’s stock.

Analysts Set New Price Targets

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

NRG Energy Stock Up 2.2 %

Shares of NYSE NRG opened at $105.24 on Tuesday. NRG Energy, Inc. has a one year low of $51.26 and a one year high of $115.38. 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 business’s fifty day moving average price is $98.70 and its 200-day moving average price is $90.66. The stock has a market capitalization of $21.32 billion, a PE ratio of 26.44, a P/E/G ratio of 1.22 and a beta of 1.15.

NRG Energy Increases Dividend

The business 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 dividend of $0.44 per share. This is a boost 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 dividend on an annualized basis and a yield of 1.67%. NRG Energy’s dividend payout ratio is 44.22%.

Insider Buying and Selling

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the company’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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction dated 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 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 disclosure for this sale can be found here. 0.86% of the stock is currently owned by insiders.

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.