NRG Energy, Inc. (NYSE:NRG) Shares Acquired by abrdn plc

abrdn plc boosted its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 11.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,022 shares of the utilities provider's stock after purchasing an additional 10,242 shares during the period. abrdn plc owned about 0.05% of NRG Energy worth $9,282,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of NRG. Ashton Thomas Securities LLC bought a new stake in NRG Energy during the 3rd quarter valued at approximately $26,000. Covestor Ltd boosted its position in NRG Energy by 74.7% during the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 139 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in NRG Energy during the 3rd quarter valued at approximately $35,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of NRG Energy in the 3rd quarter worth approximately $36,000. Finally, UMB Bank n.a. boosted its position in shares of NRG Energy by 100.4% in the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock worth $41,000 after purchasing an additional 228 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NRG shares. Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and boosted their price target for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Jefferies Financial Group raised NRG Energy from a "hold" rating to a "buy" rating and upped their price objective for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. Wells Fargo & Company upped their price objective on NRG Energy from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, November 11th. BMO Capital Markets upped their price objective on NRG Energy from $94.00 to $100.00 and gave the company a "market perform" rating in a research report on Tuesday, November 19th. Finally, Citigroup upped their price objective on NRG Energy from $84.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $111.43.

Insider Activity at NRG Energy

In other news, CFO Bruce Chung sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $97.63, for a total transaction 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 approximately $6,780,794.02. This trade represents a 22.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction, the vice president now directly owns 64,448 shares in the company, valued at approximately $5,891,191.68. This trade represents a 48.21 % 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.

NRG Energy Price Performance

NRG stock traded down $0.39 during trading on Tuesday, reaching $104.79. The company's stock had a trading volume of 2,597,357 shares, compared to its average volume of 3,065,554. NRG Energy, Inc. has a 1 year low of $51.26 and a 1 year high of $115.38. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The company has a market capitalization of $21.23 billion, a P/E ratio of 26.33, a price-to-earnings-growth ratio of 1.22 and a beta of 1.15. The company's fifty day moving average is $98.82 and its 200-day moving average is $90.88.

NRG Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a $0.44 dividend. This is an increase from NRG Energy's previous quarterly dividend of $0.41. The ex-dividend date is Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.68%. NRG Energy's dividend payout ratio (DPR) is presently 44.22%.

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.