Mount Yale Investment Advisors LLC Has $260,000 Holdings in NRG Energy, Inc. (NYSE:NRG)

Mount Yale Investment Advisors LLC decreased its holdings in NRG Energy, Inc. (NYSE:NRG) by 55.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,884 shares of the utilities provider’s stock after selling 3,521 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in NRG Energy were worth $260,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of NRG. M&T Bank Corp lifted its position in NRG Energy by 0.3% during the third quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider’s stock worth $3,481,000 after purchasing an additional 113 shares during the period. McIlrath & Eck LLC lifted its holdings in shares of NRG Energy by 4.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider’s stock worth $240,000 after acquiring an additional 113 shares during the period. Castle Rock Wealth Management LLC boosted its position in shares of NRG Energy by 3.5% during the 3rd quarter. Castle Rock Wealth Management LLC now owns 3,746 shares of the utilities provider’s stock worth $356,000 after acquiring an additional 126 shares in the last quarter. Grove Bank & Trust increased its stake in NRG Energy by 29.7% in the fourth quarter. Grove Bank & Trust now owns 564 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 129 shares during the last quarter. Finally, Hanseatic Management Services Inc. lifted its stake in NRG Energy by 12.0% during the fourth quarter. Hanseatic Management Services Inc. now owns 1,244 shares of the utilities provider’s stock worth $112,000 after purchasing an additional 133 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wells Fargo & Company boosted 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. BMO Capital Markets increased their target price on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Citigroup lifted 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. Evercore ISI upgraded shares of NRG Energy from an “in-line” rating to an “outperform” rating and raised their target price for the company from $74.00 to $126.00 in a research report on Tuesday, January 21st. Finally, Guggenheim upped their price target on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $111.43.

Insider Transactions at NRG Energy

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction 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 sale, the chief financial officer now owns 69,454 shares of the company’s stock, valued at approximately $6,780,794.02. This represents a 22.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Robert J. Gaudette sold 60,000 shares of the 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 owns 64,448 shares of the company’s stock, valued at approximately $5,891,191.68. The trade was a 48.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

NRG Energy Stock Performance

Shares of NRG Energy stock opened at $100.77 on Thursday. The stock has a market cap of $20.41 billion, a price-to-earnings ratio of 25.32, a P/E/G ratio of 1.30 and a beta of 1.15. NRG Energy, Inc. has a twelve month low of $51.26 and a twelve month high of $115.38. The company’s fifty day moving average is $97.86 and its 200 day moving average is $88.96. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57.

NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be paid a $0.44 dividend. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date is Monday, February 3rd. This represents a $1.76 annualized dividend and a dividend yield of 1.75%. NRG Energy’s dividend payout ratio is presently 40.95%.

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.