Commonwealth Equity Services LLC Sells 3,559 Shares of NRG Energy, Inc. (NYSE:NRG)

Commonwealth Equity Services LLC cut its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,934 shares of the utilities provider's stock after selling 3,559 shares during the period. Commonwealth Equity Services LLC's holdings in NRG Energy were worth $3,513,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new position in NRG Energy in the 4th quarter valued at $32,000. UMB Bank n.a. raised its holdings in NRG Energy by 100.4% during the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock worth $41,000 after purchasing an additional 228 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new position in NRG Energy during the 3rd quarter valued at about $43,000. Princeton Global Asset Management LLC boosted its stake in shares of NRG Energy by 414.9% in the 4th quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider's stock valued at $44,000 after purchasing an additional 390 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in shares of NRG Energy by 221.0% during the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock worth $45,000 after buying an additional 347 shares during the period. Institutional investors own 97.72% of the company's stock.

Insider Buying and Selling at NRG Energy

In other news, VP Robert J. Gaudette sold 60,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total transaction 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 represents a 48.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $97.63, for a total value of $1,952,600.00. Following the completion of the sale, the chief financial officer now directly owns 69,454 shares in the company, valued at approximately $6,780,794.02. This represents a 22.36 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.86% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NRG. Morgan Stanley raised their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and lifted their price objective for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. Wells Fargo & Company increased their target price on NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. StockNews.com lowered NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Finally, Guggenheim increased their price target on shares of NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $123.29.

NRG Energy Stock Down 0.7 %

NYSE NRG traded down $0.71 on Friday, reaching $95.05. The company had a trading volume of 2,403,211 shares, compared to its average volume of 3,081,917. The company's fifty day moving average is $101.94 and its 200-day moving average is $95.45. NRG Energy, Inc. has a 1-year low of $65.11 and a 1-year high of $117.26. The firm has a market capitalization of $19.36 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.85%. 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 dividend payout ratio (DPR) is currently 35.92%.

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.