NRG Energy, Inc. (NYSE:NRG) Shares Sold by 44 Wealth Management LLC

44 Wealth Management LLC lessened its stake in NRG Energy, Inc. (NYSE:NRG) by 60.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,002 shares of the utilities provider’s stock after selling 6,241 shares during the period. 44 Wealth Management LLC’s holdings in NRG Energy were worth $361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Private Advisor Group LLC boosted its stake in shares of NRG Energy by 27.3% during the third quarter. Private Advisor Group LLC now owns 5,863 shares of the utilities provider’s stock worth $534,000 after buying an additional 1,256 shares during the period. International Assets Investment Management LLC raised its holdings in NRG Energy by 27,231.5% during the third quarter. International Assets Investment Management LLC now owns 146,770 shares of the utilities provider’s stock worth $13,371,000 after purchasing an additional 146,233 shares in the last quarter. Spirit of America Management Corp NY raised its holdings in NRG Energy by 100.0% during the third quarter. Spirit of America Management Corp NY now owns 1,000 shares of the utilities provider’s stock worth $91,000 after purchasing an additional 500 shares in the last quarter. Legacy Capital Group California Inc. purchased a new position in NRG Energy during the third quarter worth about $276,000. Finally, Mount Yale Investment Advisors LLC raised its holdings in NRG Energy by 77.7% during the third quarter. Mount Yale Investment Advisors LLC now owns 6,405 shares of the utilities provider’s stock worth $584,000 after purchasing an additional 2,800 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

NRG has been the subject of several analyst reports. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and increased their price target for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Morgan Stanley increased their target price on shares of NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday. Wells Fargo & Company increased their target price on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Citigroup increased their target price on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and increased their target price for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $113.71.

NRG Energy Stock Down 4.6 %

NRG stock opened at $105.96 on Friday. The company’s 50 day simple moving average is $100.59 and its 200-day simple moving average is $92.75. The firm has a market capitalization of $21.46 billion, a PE ratio of 26.62, a P/E/G ratio of 1.01 and a beta of 1.15. NRG Energy, Inc. has a 12 month low of $51.49 and a 12 month 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.

NRG Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given 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 1.66%. NRG Energy’s dividend payout ratio is currently 44.22%.

Insider Activity

In other news, VP Robert J. Gaudette sold 60,000 shares of the stock in a transaction that occurred 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Bruce Chung sold 20,000 shares of the 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 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. Company insiders own 0.86% of the company’s stock.

NRG Energy Company 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.