Affinity Wealth Management LLC Boosts Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Affinity Wealth Management LLC raised its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 7.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 42,748 shares of the utilities provider's stock after purchasing an additional 3,084 shares during the period. Affinity Wealth Management LLC's holdings in NRG Energy were worth $3,857,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its holdings in shares of NRG Energy by 17.5% in the second quarter. Envestnet Asset Management Inc. now owns 109,468 shares of the utilities provider's stock valued at $8,523,000 after purchasing an additional 16,274 shares during the period. Public Sector Pension Investment Board raised its position in NRG Energy by 38.0% in the second quarter. Public Sector Pension Investment Board now owns 35,365 shares of the utilities provider's stock valued at $2,754,000 after purchasing an additional 9,736 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of NRG Energy by 52.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 41,141 shares of the utilities provider's stock valued at $3,203,000 after purchasing an additional 14,186 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of NRG Energy by 41.5% during the 2nd quarter. Toronto Dominion Bank now owns 98,055 shares of the utilities provider's stock worth $7,635,000 after purchasing an additional 28,747 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of NRG Energy by 76.8% during the 2nd quarter. AQR Capital Management LLC now owns 367,761 shares of the utilities provider's stock worth $28,634,000 after purchasing an additional 159,710 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, CFO Bruce Chung sold 20,000 shares of the company's stock in a transaction 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 transaction, the chief financial officer now owns 69,454 shares of the company's stock, valued at $6,780,794.02. This represents a 22.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Robert J. Gaudette sold 60,000 shares of the business's stock in a transaction 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 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. 0.86% of the stock is owned by insiders.

NRG Energy Stock Performance

Shares of NRG stock traded up $1.77 during trading hours on Friday, hitting $112.31. The stock had a trading volume of 4,288,790 shares, compared to its average volume of 2,755,494. The stock's 50 day moving average is $97.53 and its 200 day moving average is $88.53. The firm has a market capitalization of $22.75 billion, a PE ratio of 28.22, a PEG ratio of 1.30 and a beta of 1.15. NRG Energy, Inc. has a twelve month low of $51.26 and a twelve month high of $115.38. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10.

NRG Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a $0.44 dividend. This is a boost from NRG Energy's previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a yield of 1.57%. The ex-dividend date is Monday, February 3rd. NRG Energy's payout ratio is currently 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.