Farther Finance Advisors LLC Trims Holdings in NRG Energy, Inc. (NYSE:NRG)

Farther Finance Advisors LLC decreased its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 74.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,843 shares of the utilities provider's stock after selling 5,322 shares during the quarter. Farther Finance Advisors LLC's holdings in NRG Energy were worth $166,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. grew its position in shares of NRG Energy by 1,010.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider's stock valued at $140,504,000 after buying an additional 1,417,057 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of NRG Energy in the fourth quarter worth approximately $61,679,000. Bridgewater Associates LP boosted its holdings in NRG Energy by 352.9% in the third quarter. Bridgewater Associates LP now owns 804,801 shares of the utilities provider's stock valued at $73,317,000 after acquiring an additional 627,121 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in NRG Energy by 52.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,330,706 shares of the utilities provider's stock valued at $121,227,000 after purchasing an additional 456,573 shares during the period. Finally, Geode Capital Management LLC raised its holdings in NRG Energy by 6.2% during the 3rd quarter. Geode Capital Management LLC now owns 5,399,098 shares of the utilities provider's stock worth $494,225,000 after purchasing an additional 313,478 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NRG. StockNews.com cut shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Evercore ISI upgraded NRG Energy from an "in-line" rating to an "outperform" rating and increased their price target for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Jefferies Financial Group raised NRG Energy from a "hold" rating to a "buy" rating and boosted their price objective for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Guggenheim raised their target price 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, Wells Fargo & Company boosted their price target on NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $123.29.

Insider Transactions at NRG Energy

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of the business's stock in a transaction on Monday, January 13th. The stock was 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 owns 69,454 shares of the company's stock, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert J. Gaudette sold 60,000 shares of the firm's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total value of $5,484,600.00. Following the sale, the vice president now directly owns 64,448 shares of the company's stock, valued at approximately $5,891,191.68. This represents 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 currently owned by insiders.

NRG Energy Stock Up 2.2 %

Shares of NYSE:NRG traded up $2.17 during trading on Monday, reaching $102.83. 2,612,154 shares of the stock were exchanged, compared to its average volume of 2,950,818. NRG Energy, Inc. has a 1-year low of $65.11 and a 1-year high of $117.26. The stock has a fifty day moving average of $102.12 and a two-hundred day moving average of $95.08. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The firm has a market cap of $20.94 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13.

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 issued a dividend of $0.44 per share. This is a boost from NRG Energy's previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Monday, February 3rd. NRG Energy's dividend payout ratio (DPR) is currently 35.92%.

NRG Energy Company 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.