Robertson Stephens Wealth Management LLC Buys Shares of 3,430 NRG Energy, Inc. (NYSE:NRG)

Robertson Stephens Wealth Management LLC purchased a new stake in NRG Energy, Inc. (NYSE:NRG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,430 shares of the utilities provider's stock, valued at approximately $309,000.

A number of other hedge funds have also modified their holdings of NRG. Ashton Thomas Securities LLC acquired a new stake in shares of NRG Energy during the third quarter worth about $26,000. Covestor Ltd grew its stake in shares of NRG Energy by 74.7% in the third quarter. Covestor Ltd now owns 325 shares of the utilities provider's stock worth $30,000 after acquiring an additional 139 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of NRG Energy in the third quarter valued at $35,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in NRG Energy in the third quarter valued at $36,000. Finally, UMB Bank n.a. grew its stake 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 in the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of NRG Energy stock in a transaction that occurred 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 sale, the vice president now owns 64,448 shares in the company, valued at approximately $5,891,191.68. This trade represents a 48.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NRG shares. Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and boosted their price objective for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Citigroup raised their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Wells Fargo & Company raised their price target on NRG Energy from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. BMO Capital Markets raised their target price on NRG Energy from $94.00 to $100.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 19th. Finally, Jefferies Financial Group upgraded shares of NRG Energy from a "hold" rating to a "buy" rating and increased their price target for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $111.43.

NRG Energy Stock Performance

Shares of NRG traded down $0.39 during mid-day trading on Tuesday, hitting $104.79. 1,283,775 shares of the company's stock were exchanged, compared to its average volume of 3,005,225. The firm has a market capitalization of $21.23 billion, a P/E ratio of 26.33, a P/E/G ratio of 1.22 and a beta of 1.15. NRG Energy, Inc. has a fifty-two week low of $51.26 and a fifty-two week high of $115.38. The business's 50 day moving average is $98.70 and its two-hundred day moving average is $90.66. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57.

NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Monday, February 3rd. This is a boost from NRG Energy's previous quarterly dividend of $0.41. NRG Energy's dividend payout ratio is 44.22%.

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.