Measured Wealth Private Client Group LLC Acquires 2,548 Shares of NRG Energy, Inc. (NYSE:NRG)

Measured Wealth Private Client Group LLC boosted its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 49.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,722 shares of the utilities provider's stock after acquiring an additional 2,548 shares during the quarter. Measured Wealth Private Client Group LLC's holdings in NRG Energy were worth $697,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Everence Capital Management Inc. bought a new stake in shares of NRG Energy in the 4th quarter valued at approximately $549,000. Meyer Handelman Co. raised its holdings in shares of NRG Energy by 43.8% during the fourth 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 boosted its holdings in shares of NRG Energy by 47.8% in 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 during the period. Pine Valley Investments Ltd Liability Co raised its stake in NRG Energy by 25.1% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider's stock worth $4,557,000 after acquiring an additional 10,031 shares during the period. Finally, Bank of Hawaii grew its stake in NRG Energy by 95.5% during the 3rd quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider's stock worth $1,429,000 after buying an additional 7,662 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on NRG. Wells Fargo & Company lifted their price objective on shares of NRG Energy from $130.00 to $140.00 and gave the company an "overweight" rating in a research 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. Evercore ISI upgraded shares of NRG Energy from an "in-line" rating to an "outperform" rating and increased their price objective for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. Jefferies Financial Group raised NRG Energy from a "hold" rating to a "buy" rating and boosted their target price for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Finally, BMO Capital Markets increased their price target on NRG Energy from $94.00 to $100.00 and gave the company a "market perform" rating in a research note on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, NRG Energy has an average rating of "Moderate Buy" and an average price target of $111.43.

NRG Energy Trading Up 1.8 %

Shares of NYSE NRG traded up $1.89 during mid-day trading on Monday, hitting $104.90. 972,447 shares of the company traded hands, compared to its average volume of 3,052,827. The business has a 50 day moving average of $98.59 and a two-hundred day moving average of $90.43. The stock has a market capitalization of $21.25 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 1.22 and a beta of 1.15. NRG Energy, Inc. has a 1 year low of $51.26 and a 1 year high of $115.38. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57.

NRG Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a $0.44 dividend. This is an increase from NRG Energy's previous quarterly dividend of $0.41. The ex-dividend date is Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.68%. NRG Energy's dividend payout ratio is currently 44.22%.

Insider Buying and Selling

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the firm'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 value of $5,484,600.00. Following the sale, the vice president now owns 64,448 shares of the company's stock, valued at $5,891,191.68. This trade represents a 48.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Bruce Chung sold 20,000 shares of the company's stock in a transaction 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 transaction, the chief financial officer now owns 69,454 shares of the company's stock, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.

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.