Sequoia Financial Advisors LLC Has $394,000 Stock Position in NRG Energy, Inc. (NYSE:NRG)

Sequoia Financial Advisors LLC increased its position in shares of NRG Energy, Inc. (NYSE:NRG) by 33.4% during the 4th quarter, HoldingsChannel reports. The fund owned 4,370 shares of the utilities provider’s stock after purchasing an additional 1,094 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in NRG Energy were worth $394,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in NRG Energy during the 4th quarter valued at about $32,000. UMB Bank n.a. lifted its holdings in NRG Energy by 100.4% in the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock valued at $41,000 after buying an additional 228 shares during the period. RPg Family Wealth Advisory LLC bought a new position in NRG Energy in the third quarter valued at approximately $43,000. Princeton Global Asset Management LLC grew its holdings in NRG Energy by 414.9% during the 4th quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 390 shares during the period. Finally, Larson Financial Group LLC raised its position in shares of NRG Energy by 221.0% during the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 347 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Down 1.6 %

NRG Energy stock opened at $94.57 on Wednesday. The company has a 50 day moving average of $102.07 and a 200-day moving average of $94.70. 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 twelve month low of $63.84 and a twelve month high of $117.26. The stock has a market capitalization of $19.26 billion, a PE ratio of 23.76, a price-to-earnings-growth 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. Shareholders of record on Monday, February 3rd were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date 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%.

Analysts Set New Price Targets

A number of brokerages recently commented on NRG. BMO Capital Markets lifted 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. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and upped their price target for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Evercore ISI upgraded shares of NRG Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. Finally, Wells Fargo & Company boosted their price target on shares of NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Three investment 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 has a consensus rating of “Moderate Buy” and a consensus target price of $123.29.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of NRG Energy 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 sale, the chief financial officer now directly owns 69,454 shares in the company, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert J. Gaudette sold 60,000 shares of the stock in a transaction dated 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 in the company, valued at $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. Company insiders own 0.86% of the company’s stock.

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.