Hollencrest Capital Management Has $2.17 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Hollencrest Capital Management increased its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 125.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,061 shares of the utilities provider’s stock after purchasing an additional 13,376 shares during the quarter. Hollencrest Capital Management’s holdings in NRG Energy were worth $2,171,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its holdings in NRG Energy by 8.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,133 shares of the utilities provider’s stock worth $283,000 after acquiring an additional 257 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in NRG Energy by 33.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 4,370 shares of the utilities provider’s stock worth $394,000 after acquiring an additional 1,094 shares during the last quarter. HighTower Advisors LLC grew its holdings in NRG Energy by 37.6% during the 4th quarter. HighTower Advisors LLC now owns 43,650 shares of the utilities provider’s stock worth $3,938,000 after acquiring an additional 11,920 shares during the last quarter. Glaxis Capital Management LLC bought a new stake in NRG Energy during the 4th quarter worth approximately $1,398,000. Finally, DSC Meridian Capital LP grew its holdings in NRG Energy by 32.2% during the 4th quarter. DSC Meridian Capital LP now owns 6,617 shares of the utilities provider’s stock worth $597,000 after acquiring an additional 1,611 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Stock Up 4.3 %

Shares of NYSE NRG opened at $88.50 on Wednesday. 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, Inc. has a 52 week low of $60.23 and a 52 week high of $117.26. The firm’s fifty day moving average is $102.22 and its 200 day moving average is $94.31. The company has a market cap of $17.53 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 1.01 and a beta of 1.13.

NRG Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.99%. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, February 3rd. NRG Energy’s payout ratio is presently 35.92%.

Insider Buying and Selling

In related news, VP Robert J. Gaudette sold 60,000 shares of NRG Energy 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 sale, the vice president now owns 64,448 shares in the company, valued at $5,891,191.68. The trade was a 48.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $97.63, for a total transaction 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. This trade 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 owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Guggenheim raised their target price on shares of NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. BMO Capital Markets raised their target price on shares of NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a research note on Monday, March 3rd. StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Evercore ISI raised shares of 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 research note on Tuesday, January 21st. Three 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, NRG Energy has an average rating of “Moderate Buy” and a consensus target price of $123.29.

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.