HighTower Advisors LLC Acquires 11,920 Shares of NRG Energy, Inc. (NYSE:NRG)

HighTower Advisors LLC increased its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 37.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,650 shares of the utilities provider's stock after purchasing an additional 11,920 shares during the period. HighTower Advisors LLC's holdings in NRG Energy were worth $3,938,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. M&T Bank Corp raised its stake in shares of NRG Energy by 0.3% in the third quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider's stock valued at $3,481,000 after purchasing an additional 113 shares in the last quarter. McIlrath & Eck LLC increased its holdings in shares of NRG Energy by 4.5% during the third quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider's stock worth $240,000 after buying an additional 113 shares in the last quarter. Schechter Investment Advisors LLC raised its position in NRG Energy by 0.8% in the 4th quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider's stock valued at $1,436,000 after purchasing an additional 120 shares during the last quarter. Mather Group LLC. raised its holdings in shares of NRG Energy by 18.4% in the fourth quarter. Mather Group LLC. now owns 803 shares of the utilities provider's stock valued at $72,000 after buying an additional 125 shares during the last quarter. Finally, Grove Bank & Trust raised its stake in shares of NRG Energy by 29.7% in the fourth quarter. Grove Bank & Trust now owns 564 shares of the utilities provider's stock worth $51,000 after acquiring an additional 129 shares during the last quarter. Institutional investors own 97.72% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have recently commented on NRG. Wells Fargo & Company lifted their price target on shares of NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. StockNews.com cut shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Guggenheim raised their price objective on NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Jefferies Financial Group raised NRG Energy from a "hold" rating to a "buy" rating and lifted their price target for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Finally, Evercore ISI upgraded shares of NRG Energy from an "in-line" rating to an "outperform" rating and lifted their price objective for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $123.29.

NRG Energy Stock Up 2.2 %

Shares of NYSE NRG traded up $2.17 during mid-day trading on Monday, reaching $102.83. 2,612,154 shares of the company's stock traded hands, compared to its average volume of 2,950,818. 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, Inc. has a 1-year low of $65.11 and a 1-year high of $117.26. The stock has a market cap of $20.94 billion, a P/E ratio of 25.84, a PEG ratio of 1.01 and a beta of 1.13. The business has a 50-day simple moving average of $102.12 and a 200 day simple moving average of $95.08.

NRG Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.44 per share. This is a boost from NRG Energy's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 annualized dividend and a dividend yield of 1.71%. NRG Energy's payout ratio is presently 35.92%.

Insider Activity at NRG Energy

In other news, VP Robert J. Gaudette sold 60,000 shares of NRG Energy 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 $5,891,191.68. The trade was a 48.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the 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 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 position. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by insiders.

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.