Mount Yale Investment Advisors LLC Sells 3,521 Shares of NRG Energy, Inc. (NYSE:NRG)

Mount Yale Investment Advisors LLC decreased its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 55.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,884 shares of the utilities provider's stock after selling 3,521 shares during the quarter. Mount Yale Investment Advisors LLC's holdings in NRG Energy were worth $260,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Everence Capital Management Inc. bought a new stake in NRG Energy during the 4th quarter worth approximately $549,000. Meyer Handelman Co. raised its position in shares of NRG Energy by 43.8% during the 4th quarter. Meyer Handelman Co. now owns 78,982 shares of the utilities provider's stock valued at $7,126,000 after purchasing an additional 24,062 shares during the period. Luxor Capital Group LP lifted its stake in shares of NRG Energy by 47.8% during the 3rd quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider's stock valued at $47,426,000 after buying an additional 168,267 shares in the last quarter. Pine Valley Investments Ltd Liability Co increased its stake in NRG Energy by 25.1% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider's stock worth $4,557,000 after buying an additional 10,031 shares in the last quarter. Finally, Bank of Hawaii lifted its position in shares of NRG Energy by 95.5% in the third quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider's stock valued at $1,429,000 after acquiring an additional 7,662 shares in the last quarter. Institutional investors own 97.72% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and lifted their target price for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Wells Fargo & Company boosted their target price on shares of NRG Energy from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, November 11th. Citigroup raised their target price on shares of NRG Energy from $84.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Guggenheim increased their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Finally, Jefferies Financial Group raised NRG Energy from a "hold" rating to a "buy" rating and lifted their target price for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, NRG Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $111.43.

Insider Buying and Selling

In related news, CFO Bruce Chung sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The stock was 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 of the company's stock, valued at approximately $6,780,794.02. This trade represents a 22.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of the company'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 completion of the transaction, the vice president now directly owns 64,448 shares in the company, valued at $5,891,191.68. This trade represents a 48.21 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

NRG Energy Trading Up 4.4 %

Shares of NYSE:NRG traded up $4.38 during trading on Thursday, reaching $104.95. The company's stock had a trading volume of 3,362,357 shares, compared to its average volume of 3,520,809. The firm's 50 day simple moving average is $97.86 and its two-hundred day simple moving average is $88.96. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a 12 month low of $51.26 and a 12 month high of $115.38. The stock has a market capitalization of $21.26 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 1.30 and a beta of 1.15.

NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Monday, February 3rd. This is a positive change from NRG Energy's previous quarterly dividend of $0.41. NRG Energy's dividend payout ratio is presently 44.22%.

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.