NRG Energy, Inc. (NYSE:NRG) Shares Purchased by LPL Financial LLC

LPL Financial LLC lifted its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 19.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 221,039 shares of the utilities provider's stock after purchasing an additional 36,181 shares during the quarter. LPL Financial LLC owned about 0.11% of NRG Energy worth $19,942,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Everence Capital Management Inc. acquired a new stake in NRG Energy during the fourth quarter worth about $549,000. Meyer Handelman Co. grew its stake 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 worth $7,126,000 after purchasing an additional 24,062 shares during the period. Luxor Capital Group LP increased its holdings 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 purchasing an additional 168,267 shares in the last quarter. Pine Valley Investments Ltd Liability Co lifted its stake in shares of 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 valued at $4,557,000 after purchasing an additional 10,031 shares during the period. Finally, CWA Asset Management Group LLC purchased a new stake in NRG Energy during the fourth quarter worth $1,340,000. Hedge funds and other institutional investors own 97.72% of the company's stock.

Insider Activity

In other news, CFO Bruce Chung sold 20,000 shares of the firm'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 owns 69,454 shares in the company, valued at $6,780,794.02. This trade represents a 22.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.86% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NRG shares. BMO Capital Markets lifted their price objective on shares of NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a report on Monday, March 3rd. StockNews.com lowered NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Wells Fargo & Company increased 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. Morgan Stanley boosted their price objective on NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. Finally, Guggenheim lifted their price target on shares of NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $123.29.

NRG Energy Price Performance

NRG traded down $10.11 during trading on Thursday, reaching $92.78. The company's stock had a trading volume of 3,435,655 shares, compared to its average volume of 3,080,707. NRG Energy, Inc. has a 1 year low of $65.11 and a 1 year high of $117.26. 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 company has a market cap of $18.90 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 1.01 and a beta of 1.13. The firm has a fifty day simple moving average of $101.16 and a two-hundred day simple moving average of $96.08.

NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend 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%.

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.