NRG Energy, Inc. (NYSE:NRG) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC decreased its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 43.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,897 shares of the utilities provider's stock after selling 5,249 shares during the period. Metis Global Partners LLC's holdings in NRG Energy were worth $622,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. West Michigan Advisors LLC purchased a new stake in shares of NRG Energy in the fourth quarter valued at about $419,000. Teilinger Capital Ltd. purchased a new stake in NRG Energy during the fourth quarter worth about $8,120,000. SVB Wealth LLC purchased a new stake in NRG Energy during the fourth quarter worth about $657,000. Flputnam Investment Management Co. purchased a new stake in NRG Energy during the fourth quarter worth about $4,360,000. Finally, Private Trust Co. NA boosted its holdings in NRG Energy by 29.1% during the fourth quarter. Private Trust Co. NA now owns 1,363 shares of the utilities provider's stock worth $123,000 after buying an additional 307 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.

Analysts Set New Price Targets

NRG has been the topic of a number of research analyst reports. Jefferies Financial Group raised shares of 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 report on Tuesday, November 26th. BMO Capital Markets boosted their price objective on shares of NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a report on Monday, March 3rd. Wells Fargo & Company boosted their price objective on shares of NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Guggenheim lifted their target price on shares of NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, Morgan Stanley lifted their target price on shares of NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $123.29.

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NRG Energy Trading Down 3.4 %

Shares of NYSE:NRG traded down $3.12 during trading on Friday, reaching $88.02. The stock had a trading volume of 4,669,265 shares, compared to its average volume of 3,022,387. The business has a fifty day moving average price of $102.48 and a 200-day moving average price of $94.05. 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 $17.43 billion, a P/E ratio of 22.11, a PEG ratio of 1.01 and a beta of 1.13. NRG Energy, Inc. has a fifty-two week low of $59.50 and a fifty-two week high of $117.26.

NRG Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Monday, February 3rd. This is a positive change from NRG Energy's previous quarterly dividend of $0.41. NRG Energy's payout ratio is currently 35.92%.

Insider Activity

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of the business's stock in a transaction that occurred on 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 directly owns 69,454 shares in the company, valued at $6,780,794.02. The trade was a 22.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert J. Gaudette sold 60,000 shares of the business's stock in a transaction that occurred 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 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. Company 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.