Callan Family Office LLC Makes New $703,000 Investment in NRG Energy, Inc. (NYSE:NRG)

Callan Family Office LLC bought a new position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,796 shares of the utilities provider's stock, valued at approximately $703,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NRG. Ashton Thomas Securities LLC purchased a new position in shares of NRG Energy during the 3rd quarter worth approximately $26,000. Covestor Ltd grew its holdings in shares of NRG Energy by 74.7% during the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider's stock worth $30,000 after acquiring an additional 139 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of NRG Energy during the 4th quarter worth approximately $32,000. Harbor Capital Advisors Inc. purchased a new position in shares of NRG Energy during the 3rd quarter worth approximately $35,000. Finally, UMB Bank n.a. grew its stake 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 buying an additional 228 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.

Analyst Upgrades and Downgrades

NRG has been the topic of several recent research reports. StockNews.com downgraded NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday. Jefferies Financial Group upgraded NRG Energy from a "hold" rating to a "buy" rating and upped their price target for the stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. Wells Fargo & Company upped their price target on NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Evercore ISI upgraded NRG Energy from an "in-line" rating to an "outperform" rating and upped their price target for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. Finally, Morgan Stanley upped their price target on NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 19th. 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, NRG Energy has a consensus rating of "Moderate Buy" and an average target price of $123.29.

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NRG Energy Stock Performance

Shares of NRG opened at $88.02 on Friday. The business's fifty day simple moving average is $102.41 and its two-hundred day simple moving average is $94.18. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a 12 month low of $59.50 and a 12 month high of $117.26. The company has a market cap of $17.43 billion, a price-to-earnings ratio of 22.11, a P/E/G ratio of 1.01 and a beta of 1.13.

NRG Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.00%. This is an increase from NRG Energy's previous quarterly dividend of $0.41. The ex-dividend date was Monday, February 3rd. NRG Energy's dividend payout ratio (DPR) is currently 35.92%.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the 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 directly owns 64,448 shares in the company, valued at approximately $5,891,191.68. This trade represents a 48.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the 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 transaction, the chief financial officer now directly owns 69,454 shares in the company, valued at $6,780,794.02. The trade was a 22.36 % 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.

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