NRG Energy, Inc. (NYSE:NRG) Shares Sold by Assetmark Inc.

Assetmark Inc. decreased its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 734,661 shares of the utilities provider's stock after selling 12,333 shares during the period. Assetmark Inc. owned about 0.36% of NRG Energy worth $66,281,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Keybank National Association OH boosted its stake in shares of NRG Energy by 5.0% during the 4th quarter. Keybank National Association OH now owns 3,302 shares of the utilities provider's stock worth $298,000 after acquiring an additional 157 shares during the last quarter. Schechter Investment Advisors LLC boosted its stake in shares of NRG Energy by 0.8% during the 4th quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider's stock worth $1,436,000 after acquiring an additional 120 shares during the last quarter. Fidelis Capital Partners LLC boosted its stake in shares of NRG Energy by 6.7% during the 4th quarter. Fidelis Capital Partners LLC now owns 2,625 shares of the utilities provider's stock worth $237,000 after acquiring an additional 165 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of NRG Energy during the 4th quarter worth $32,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of NRG Energy by 85.0% during the 4th quarter. Jones Financial Companies Lllp now owns 1,817 shares of the utilities provider's stock worth $164,000 after acquiring an additional 835 shares during the last quarter. Institutional investors own 97.72% of the company's stock.

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NRG Energy Trading Down 3.4 %

NRG Energy stock traded down $3.12 during trading hours on Friday, hitting $88.02. The company had a trading volume of 4,669,265 shares, compared to its average volume of 3,022,387. The firm has a market cap of $17.43 billion, a P/E ratio of 22.11, a P/E/G ratio of 1.01 and a beta of 1.13. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. NRG Energy, Inc. has a 1 year low of $59.50 and a 1 year high of $117.26. The company has a 50-day moving average price of $102.48 and a two-hundred day moving average price of $94.05.

NRG Energy Increases Dividend

The firm 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. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 annualized dividend and a dividend yield of 2.00%. This is a positive change from NRG Energy's previous quarterly dividend of $0.41. NRG Energy's payout ratio is currently 35.92%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. BMO Capital Markets lifted their price target on shares of NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a research note on Monday, March 3rd. Guggenheim lifted their price target on shares of NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. StockNews.com downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday. Wells Fargo & Company raised their price objective on shares of NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Finally, Morgan Stanley boosted their target price on shares of NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, NRG Energy currently has a consensus rating of "Moderate Buy" and an average target price of $123.29.

Insider Activity

In other news, CFO Bruce Chung sold 20,000 shares of the business's stock in a transaction dated 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 sale, the chief financial officer now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Robert J. Gaudette sold 60,000 shares of the business'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 owns 64,448 shares of the company's stock, valued at approximately $5,891,191.68. This trade represents 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 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.