Horizon Investment Services LLC Has $556,000 Stake in NRG Energy, Inc. (NYSE:NRG)

Horizon Investment Services LLC lowered its stake in NRG Energy, Inc. (NYSE:NRG) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,163 shares of the utilities provider’s stock after selling 245 shares during the period. Horizon Investment Services LLC’s holdings in NRG Energy were worth $556,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Pictet Asset Management Holding SA raised its position in shares of NRG Energy by 8.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 135,433 shares of the utilities provider’s stock worth $12,219,000 after acquiring an additional 10,866 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in NRG Energy by 0.8% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 63,319 shares of the utilities provider’s stock worth $5,713,000 after purchasing an additional 497 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in NRG Energy during the 4th quarter valued at about $214,000. NEOS Investment Management LLC boosted its stake in shares of NRG Energy by 28.7% in the 4th quarter. NEOS Investment Management LLC now owns 11,125 shares of the utilities provider’s stock valued at $1,004,000 after purchasing an additional 2,484 shares during the last quarter. Finally, UniSuper Management Pty Ltd grew its position in shares of NRG Energy by 10.3% during the 4th quarter. UniSuper Management Pty Ltd now owns 25,155 shares of the utilities provider’s stock worth $2,269,000 after buying an additional 2,347 shares during the period. Institutional investors own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NRG shares. BMO Capital Markets raised their price objective 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. Morgan Stanley raised their price target on NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Guggenheim upped their price objective on NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Evercore ISI upgraded NRG Energy from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Finally, StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $123.29.

Insider Transactions at NRG Energy

In related 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 value of $1,952,600.00. Following the completion of the transaction, the chief financial officer now directly owns 69,454 shares of the company’s stock, valued at approximately $6,780,794.02. This represents a 22.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert J. Gaudette sold 60,000 shares of NRG Energy stock in a transaction dated 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 completion of 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 position. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

NRG Energy Trading Down 0.7 %

NYSE:NRG opened at $95.05 on Friday. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The business’s 50-day simple moving average is $101.75 and its 200-day simple moving average is $95.57. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $117.26. The stock has a market capitalization of $19.36 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13.

NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s dividend payout ratio is 35.92%.

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.