SRH Advisors LLC Lowers Stock Position in NRG Energy, Inc. (NYSE:NRG)

SRH Advisors LLC reduced its holdings in NRG Energy, Inc. (NYSE:NRG) by 3.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 9,500 shares of the utilities provider’s stock after selling 350 shares during the quarter. NRG Energy accounts for about 0.3% of SRH Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. SRH Advisors LLC’s holdings in NRG Energy were worth $857,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of NRG. M&T Bank Corp grew its holdings in shares of NRG Energy by 0.3% in the 3rd quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider’s stock worth $3,481,000 after acquiring an additional 113 shares during the period. McIlrath & Eck LLC increased its position in shares of NRG Energy by 4.5% in the third quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider’s stock valued at $240,000 after buying an additional 113 shares in the last quarter. Mather Group LLC. raised its stake in shares of NRG Energy by 18.4% during the 4th quarter. Mather Group LLC. now owns 803 shares of the utilities provider’s stock worth $72,000 after buying an additional 125 shares during the last quarter. Grove Bank & Trust boosted its position in shares of NRG Energy by 29.7% in the 4th quarter. Grove Bank & Trust now owns 564 shares of the utilities provider’s stock worth $51,000 after buying an additional 129 shares in the last quarter. Finally, Hanseatic Management Services Inc. grew its stake in NRG Energy by 12.0% in the 4th quarter. Hanseatic Management Services Inc. now owns 1,244 shares of the utilities provider’s stock valued at $112,000 after acquiring an additional 133 shares during the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

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 that occurred on 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 transaction, the chief financial officer now directly owns 69,454 shares of the company’s stock, valued at $6,780,794.02. This represents a 22.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the sale, the vice president now directly owns 64,448 shares of the company’s stock, valued at $5,891,191.68. The trade was a 48.21 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

NRG Energy Price Performance

Shares of NRG Energy stock opened at $104.79 on Wednesday. The business’s fifty day moving average price is $98.82 and its 200 day moving average price is $90.88. NRG Energy, Inc. has a twelve month low of $51.26 and a twelve month high of $115.38. 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 has a market capitalization of $21.23 billion, a P/E ratio of 26.33, a PEG ratio of 1.22 and a beta of 1.15.

NRG Energy Increases Dividend

The company also recently disclosed 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 positive change from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Monday, February 3rd. NRG Energy’s payout ratio is currently 44.22%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NRG. Citigroup raised their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. BMO Capital Markets upped their target price on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a report on Tuesday, November 19th. Wells Fargo & Company raised their target price on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from $93.00 to $113.00 in a report on Tuesday, November 26th. Finally, Evercore ISI upgraded NRG Energy from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, NRG Energy has an average rating of “Moderate Buy” and a consensus 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.