Oppenheimer & Co. Inc. Buys 4,004 Shares of NRG Energy, Inc. (NYSE:NRG)

Oppenheimer & Co. Inc. raised its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 84.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 8,733 shares of the utilities provider's stock after acquiring an additional 4,004 shares during the period. Oppenheimer & Co. Inc.'s holdings in NRG Energy were worth $788,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. M&T Bank Corp lifted its stake in NRG Energy by 0.3% in the 3rd quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider's stock valued at $3,481,000 after acquiring an additional 113 shares in the last quarter. McIlrath & Eck LLC lifted its stake in NRG Energy by 4.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider's stock valued at $240,000 after acquiring an additional 113 shares in the last quarter. Mather Group LLC. lifted its stake in NRG Energy by 18.4% in the 4th quarter. Mather Group LLC. now owns 803 shares of the utilities provider's stock valued at $72,000 after acquiring an additional 125 shares in the last quarter. Grove Bank & Trust lifted its stake in NRG Energy by 29.7% in the 4th quarter. Grove Bank & Trust now owns 564 shares of the utilities provider's stock valued at $51,000 after acquiring an additional 129 shares in the last quarter. Finally, Hanseatic Management Services Inc. lifted its stake in NRG Energy by 12.0% in the 4th quarter. Hanseatic Management Services Inc. now owns 1,244 shares of the utilities provider's stock valued at $112,000 after acquiring an additional 133 shares in the last quarter. Institutional investors own 97.72% of the company's stock.

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NRG Energy Stock Performance

Shares of NRG stock traded down $3.12 during trading on Friday, reaching $88.02. 4,669,265 shares of the company's stock were exchanged, compared to its average volume of 3,022,241. 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 capitalization of $17.43 billion, a PE ratio of 22.11, a PEG ratio of 1.01 and a beta of 1.13. NRG Energy, Inc. has a twelve month low of $59.50 and a twelve month high of $117.26. The firm's fifty day moving average price is $102.41 and its 200-day moving average price is $94.18.

NRG Energy Increases Dividend

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

Insider Buying and Selling

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of the company's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $97.63, for a total value of $1,952,600.00. Following the transaction, the chief financial officer now directly owns 69,454 shares of the company's stock, valued at $6,780,794.02. This represents a 22.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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 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. 0.86% of the stock is owned by insiders.

Analysts Set New Price Targets

NRG has been the topic of several research reports. Guggenheim boosted their target price on NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Jefferies Financial Group raised NRG Energy from a "hold" rating to a "buy" rating and boosted their price target for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. BMO Capital Markets boosted their price target on NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a research report on Monday, March 3rd. Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and boosted their price target for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Finally, Morgan Stanley boosted their price target on 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 investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $123.29.

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.