Nisa Investment Advisors LLC Purchases 19,161 Shares of NRG Energy, Inc. (NYSE:NRG)

Nisa Investment Advisors LLC boosted its holdings in NRG Energy, Inc. (NYSE:NRG) by 20.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,645 shares of the utilities provider’s stock after purchasing an additional 19,161 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.05% of NRG Energy worth $9,982,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in shares of NRG Energy in the third quarter worth about $26,000. Covestor Ltd increased 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 acquiring an additional 139 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in NRG Energy during the 3rd quarter valued at $35,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in NRG Energy during the third quarter worth $36,000. Finally, UMB Bank n.a. raised 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 valued at $41,000 after acquiring an additional 228 shares during the period. Institutional investors own 97.72% of the company’s stock.

Insider Buying and Selling at NRG Energy

In other news, CFO Bruce Chung sold 20,000 shares of the business’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 of the company’s stock, valued at $6,780,794.02. The trade was a 22.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of NRG Energy 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 transaction, the vice president now owns 64,448 shares of the company’s stock, valued at approximately $5,891,191.68. This represents a 48.21 % 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 Stock Up 0.1 %

Shares of NRG stock opened at $110.45 on Friday. NRG Energy, Inc. has a fifty-two week low of $51.26 and a fifty-two week high of $115.38. The firm has a market capitalization of $22.37 billion, a PE ratio of 27.75, a P/E/G ratio of 1.31 and a beta of 1.15. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The stock’s 50-day simple moving average is $97.12 and its 200-day simple moving average is $88.23.

NRG Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, February 3rd. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a yield of 1.59%. NRG Energy’s dividend payout ratio (DPR) is currently 40.95%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NRG shares. Citigroup upped their price target 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. Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $74.00 to $126.00 in a research note on Tuesday. Guggenheim raised their price target on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company boosted their price objective on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $111.43.

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.