Larson Financial Group LLC Buys 347 Shares of NRG Energy, Inc. (NYSE:NRG)

Larson Financial Group LLC increased its position in NRG Energy, Inc. (NYSE:NRG) by 221.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 504 shares of the utilities provider’s stock after buying an additional 347 shares during the period. Larson Financial Group LLC’s holdings in NRG Energy were worth $45,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in NRG Energy in the third quarter valued at approximately $26,000. Covestor Ltd grew its position in NRG Energy by 74.7% in the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 139 shares during the period. SBI Securities Co. Ltd. bought a new stake in NRG Energy during the 4th quarter valued at $32,000. UMB Bank n.a. raised its holdings in NRG Energy by 100.4% during the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock worth $41,000 after buying an additional 228 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of NRG Energy in the third quarter valued at $43,000. 97.72% of the stock is owned by institutional investors.

NRG Energy Stock Up 4.3 %

NRG stock opened at $92.40 on Thursday. The stock has a market cap of $18.30 billion, a P/E ratio of 23.22, a P/E/G ratio of 1.01 and a beta of 1.13. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The stock’s fifty day simple moving average is $102.26 and its two-hundred day simple moving average is $94.30. NRG Energy, Inc. has a 1-year low of $62.14 and a 1-year high of $117.26.

NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 annualized dividend and a yield of 1.90%. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s dividend payout ratio is presently 35.92%.

Analysts Set New Price Targets

NRG has been the subject of several recent research reports. StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. BMO Capital Markets increased their price objective on NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a research note on Monday, March 3rd. Evercore ISI raised NRG Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $74.00 to $126.00 in a research report on Tuesday, January 21st. Wells Fargo & Company increased their price target on NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Finally, Guggenheim raised their price objective on NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $123.29.

Insider Buying and Selling

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 transaction of $5,484,600.00. Following the completion of the transaction, the vice president now directly owns 64,448 shares of the company’s stock, valued at $5,891,191.68. This represents a 48.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 69,454 shares in the company, valued at $6,780,794.02. This trade represents a 22.36 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.

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.