L & S Advisors Inc Invests $3.14 Million in NRG Energy, Inc. (NYSE:NRG)

L & S Advisors Inc bought a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 34,792 shares of the utilities provider's stock, valued at approximately $3,139,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new stake in shares of NRG Energy during the fourth quarter valued at approximately $32,000. UMB Bank n.a. grew its holdings in 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 acquiring an additional 228 shares during the last quarter. Princeton Global Asset Management LLC increased its position in shares of NRG Energy by 414.9% in the fourth quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider's stock valued at $44,000 after acquiring an additional 390 shares during the period. Larson Financial Group LLC raised its stake in shares of NRG Energy by 221.0% during the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock valued at $45,000 after acquiring an additional 347 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of NRG Energy during the third quarter worth about $46,000. 97.72% of the stock is currently owned by institutional investors.

Insider Activity at NRG Energy

In other news, 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 completion of the sale, the chief financial officer now owns 69,454 shares of the company's stock, valued at $6,780,794.02. This represents a 22.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.86% of the stock is owned by company insiders.

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Analyst Upgrades and Downgrades

NRG has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. Wells Fargo & Company boosted their price target on NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. BMO Capital Markets raised their price objective on NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a research report on Monday, March 3rd. Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and boosted their target price for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Finally, StockNews.com downgraded NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $123.29.

NRG Energy Stock Performance

Shares of NYSE NRG traded down $8.19 during trading on Thursday, reaching $94.69. 1,154,096 shares of the company traded hands, compared to its average volume of 3,190,242. 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 firm has a 50 day simple moving average of $101.16 and a 200-day simple moving average of $96.08. NRG Energy, Inc. has a 52-week low of $65.11 and a 52-week high of $117.26. The stock has a market capitalization of $19.29 billion, a PE ratio of 23.79, a P/E/G ratio of 1.01 and a beta of 1.13.

NRG Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a $0.44 dividend. This is an increase 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 1.86%. The ex-dividend date of this dividend was Monday, February 3rd. NRG Energy's dividend payout ratio (DPR) is 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.