Kingsview Wealth Management LLC Sells 5,696 Shares of NRG Energy, Inc. (NYSE:NRG)

Kingsview Wealth Management LLC cut its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 20.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,895 shares of the utilities provider's stock after selling 5,696 shares during the quarter. Kingsview Wealth Management LLC's holdings in NRG Energy were worth $1,975,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NRG. Assenagon Asset Management S.A. boosted its holdings in NRG Energy by 1,010.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider's stock worth $140,504,000 after purchasing an additional 1,417,057 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of NRG Energy by 32,962.3% in the third quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider's stock worth $95,901,000 after acquiring an additional 1,049,521 shares during the period. Bridgewater Associates LP increased its position in NRG Energy by 352.9% during 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 lifted its holdings in NRG Energy by 52.2% in the third 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 acquiring an additional 456,573 shares during the period. Finally, Assetmark Inc. boosted its position in NRG Energy by 109.2% in the third quarter. Assetmark Inc. now owns 746,994 shares of the utilities provider's stock worth $68,051,000 after purchasing an additional 389,997 shares during the last quarter. Institutional investors own 97.72% of the company's stock.

Insider Activity

In other news, CFO Bruce Chung sold 20,000 shares of NRG Energy 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 sale, the chief financial officer now owns 69,454 shares in the company, valued at $6,780,794.02. This trade represents a 22.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 stock was sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Company insiders own 0.86% of the company's stock.

NRG Energy Price Performance

Shares of NYSE NRG traded down $0.39 during midday trading on Tuesday, reaching $104.79. The stock had a trading volume of 2,597,357 shares, compared to its average volume of 3,065,554. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. NRG Energy, Inc. has a 12-month low of $51.26 and a 12-month high of $115.38. The stock has a 50-day moving average of $98.70 and a 200-day moving average of $90.66. The company has a market capitalization of $21.23 billion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 1.22 and a beta of 1.15.

NRG Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis 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%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. BMO Capital Markets upped their price target on shares of NRG Energy from $94.00 to $100.00 and gave the company a "market perform" rating in a research report on Tuesday, November 19th. Evercore ISI upgraded shares of 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 research report on Tuesday, January 21st. Jefferies Financial Group upgraded shares of 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 research note on Tuesday, November 26th. Citigroup upped their price objective on NRG Energy from $84.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company lifted their target price on NRG Energy from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, NRG Energy currently has a consensus rating of "Moderate Buy" and an average target price of $111.43.

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.