Spire Wealth Management Has $255,000 Stake in NRG Energy, Inc. (NYSE:NRG)

Spire Wealth Management lifted its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 3,045.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,831 shares of the utilities provider's stock after purchasing an additional 2,741 shares during the period. Spire Wealth Management's holdings in NRG Energy were worth $255,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NRG. Ashton Thomas Securities LLC acquired a new position in shares of NRG Energy in the 3rd quarter valued at $26,000. Covestor Ltd lifted its holdings in shares of NRG Energy by 74.7% in the third quarter. Covestor Ltd now owns 325 shares of the utilities provider's stock valued at $30,000 after purchasing 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 worth $35,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in NRG Energy during the 3rd quarter valued at about $36,000. Finally, UMB Bank n.a. increased its holdings in shares of NRG Energy by 100.4% in the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock valued at $41,000 after purchasing an additional 228 shares during the period. Institutional investors and hedge funds own 97.72% of the company's stock.

NRG Energy Price Performance

NYSE:NRG traded up $2.23 during mid-day trading on Monday, hitting $105.24. The company's stock had a trading volume of 1,710,738 shares, compared to its average volume of 3,083,558. The company has a market capitalization of $21.32 billion, a price-to-earnings ratio of 26.44, a P/E/G ratio of 1.22 and a beta of 1.15. 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, Inc. has a fifty-two week low of $51.26 and a fifty-two week high of $115.38. The stock has a fifty day moving average of $98.70 and a 200-day moving average of $90.66.

NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a $0.44 dividend. This is a positive change from NRG Energy's previous quarterly dividend of $0.41. The ex-dividend date is Monday, February 3rd. This represents a $1.76 annualized dividend and a yield of 1.67%. NRG Energy's payout ratio is currently 44.22%.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of the business'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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert J. Gaudette sold 60,000 shares of the firm'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 sale, the vice president now owns 64,448 shares of the company's stock, 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. Company insiders own 0.86% of the company's stock.

Wall Street Analyst Weigh In

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

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.