Corient Private Wealth LLC Has $6.18 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Corient Private Wealth LLC decreased its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,495 shares of the utilities provider's stock after selling 4,330 shares during the quarter. Corient Private Wealth LLC's holdings in NRG Energy were worth $6,179,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. raised its position in shares of NRG Energy by 32.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,418 shares of the utilities provider's stock worth $1,301,000 after purchasing an additional 3,561 shares during the period. Natixis Advisors LLC increased its position in NRG Energy by 12.1% in the fourth quarter. Natixis Advisors LLC now owns 182,929 shares of the utilities provider's stock worth $16,504,000 after buying an additional 19,798 shares during the period. Catalyst Funds Management Pty Ltd boosted its holdings in shares of NRG Energy by 83.3% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 3,300 shares of the utilities provider's stock valued at $298,000 after acquiring an additional 1,500 shares during the period. Integras Partners LLC bought a new position in shares of NRG Energy during the fourth quarter worth about $2,748,000. Finally, Appaloosa LP grew its position in shares of NRG Energy by 81.5% during the fourth quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider's stock worth $163,749,000 after acquiring an additional 815,180 shares during the last quarter. Institutional investors own 97.72% of the company's stock.

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NRG Energy Price Performance

Shares of NRG Energy stock traded down $4.93 during trading on Wednesday, hitting $97.34. The stock had a trading volume of 2,410,145 shares, compared to its average volume of 2,940,628. The business has a fifty day moving average of $102.28 and a two-hundred day moving average of $95.43. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $117.26. The firm has a market cap of $19.82 billion, a P/E ratio of 24.46, a PEG ratio of 1.01 and a beta of 1.13. 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.44 per share. This is a positive change from NRG Energy's previous quarterly dividend of $0.41. The ex-dividend date was Monday, February 3rd. This represents a $1.76 annualized dividend and a dividend yield of 1.81%. NRG Energy's dividend payout ratio (DPR) is 35.92%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. StockNews.com lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Jefferies Financial Group upgraded NRG Energy from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. Wells Fargo & Company lifted their target price on NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Guggenheim increased their price target on NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, Morgan Stanley raised their price target on NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $123.29.

Insider Transactions at NRG Energy

In related news, VP Robert J. Gaudette sold 60,000 shares of NRG Energy stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total value 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the company's stock in a transaction dated 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 sale, the chief financial officer now directly 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 disclosure for this sale can be found here. Corporate 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.