EP Wealth Advisors LLC Makes New Investment in NRG Energy, Inc. (NYSE:NRG)

EP Wealth Advisors LLC acquired a new position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 6,978 shares of the utilities provider's stock, valued at approximately $636,000.

Other large investors have also recently added to or reduced their stakes in the company. Castle Rock Wealth Management LLC grew its holdings in shares of NRG Energy by 3.5% during the 3rd quarter. Castle Rock Wealth Management LLC now owns 3,746 shares of the utilities provider's stock worth $356,000 after purchasing an additional 126 shares in the last quarter. Park Avenue Securities LLC grew its holdings in shares of NRG Energy by 2.8% during the 3rd quarter. Park Avenue Securities LLC now owns 4,910 shares of the utilities provider's stock worth $447,000 after purchasing an additional 134 shares in the last quarter. 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 purchasing an additional 139 shares in the last quarter. Asahi Life Asset Management CO. LTD. grew its holdings in shares of NRG Energy by 3.5% during the 3rd quarter. Asahi Life Asset Management CO. LTD. now owns 4,420 shares of the utilities provider's stock worth $403,000 after purchasing an additional 150 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in shares of NRG Energy by 76.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider's stock worth $34,000 after purchasing an additional 191 shares in the last quarter. Institutional investors own 97.72% of the company's stock.

Insider Buying and Selling at NRG Energy

In other news, insider Rasesh M. Patel sold 102,603 shares of the firm's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the completion of the transaction, the insider now directly owns 163,680 shares in the company, valued at $13,151,688. This trade represents a 38.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.86% of the company's stock.

NRG Energy Trading Down 0.4 %

NRG Energy stock traded down $0.34 during trading hours on Thursday, hitting $95.14. The stock had a trading volume of 1,782,338 shares, compared to its average volume of 3,200,911. 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 stock has a market cap of $19.27 billion, a price-to-earnings ratio of 23.99, a P/E/G ratio of 1.35 and a beta of 1.12. NRG Energy, Inc. has a one year low of $47.88 and a one year high of $103.14. The business's 50 day simple moving average is $92.89 and its 200-day simple moving average is $84.59.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $0.4075 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.63 annualized dividend and a yield of 1.71%. NRG Energy's dividend payout ratio is presently 40.95%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on NRG shares. Citigroup increased their target price on NRG Energy from $84.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. BMO Capital Markets raised their price objective on NRG Energy from $94.00 to $100.00 and gave the company a "market perform" rating in a research note on Tuesday, November 19th. Jefferies Financial Group raised NRG Energy from a "hold" rating to a "buy" rating and raised their price objective for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Wells Fargo & Company raised their price objective on NRG Energy from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. Finally, Guggenheim raised their price objective on NRG Energy from $77.00 to $118.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $102.71.

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.