26,799 Shares in NRG Energy, Inc. (NYSE:NRG) Bought by SteelPeak Wealth LLC

SteelPeak Wealth LLC acquired a new position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 26,799 shares of the utilities provider's stock, valued at approximately $2,418,000.

A number of other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of NRG Energy by 6.2% during the third quarter. Geode Capital Management LLC now owns 5,399,098 shares of the utilities provider's stock worth $494,225,000 after purchasing an additional 313,478 shares in the last quarter. Banco Santander S.A. lifted its holdings in NRG Energy by 0.9% during the third quarter. Banco Santander S.A. now owns 2,820,500 shares of the utilities provider's stock worth $256,948,000 after acquiring an additional 24,834 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in NRG Energy by 7.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,663,441 shares of the utilities provider's stock valued at $242,639,000 after acquiring an additional 182,481 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of NRG Energy by 1,010.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider's stock worth $140,504,000 after acquiring an additional 1,417,057 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in shares of NRG Energy by 52.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,330,706 shares of the utilities provider's stock worth $121,227,000 after purchasing an additional 456,573 shares during the period. Institutional investors and hedge funds own 97.72% of the company's stock.

NRG Energy Stock Down 2.2 %

Shares of NRG Energy stock traded down $2.36 during trading hours on Friday, reaching $102.65. 2,897,905 shares of the company's stock were exchanged, compared to its average volume of 3,176,772. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The company has a 50 day moving average of $98.17 and a two-hundred day moving average of $89.35. The stock has a market cap of $20.79 billion, a P/E ratio of 25.79, a P/E/G ratio of 1.19 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.

NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.71%. This is an increase from NRG Energy's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, February 3rd. NRG Energy's dividend payout ratio (DPR) is currently 40.95%.

Insiders Place Their Bets

In related news, VP Robert J. Gaudette sold 60,000 shares of NRG Energy stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the completion of the sale, the vice president now directly 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 value of $1,952,600.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.86% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Jefferies Financial Group raised NRG Energy from a "hold" rating to a "buy" rating and increased their target price for the stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. Wells Fargo & Company increased their price objective on shares of NRG Energy from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. Guggenheim boosted their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Evercore ISI upgraded NRG Energy from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Finally, Citigroup boosted their price target on NRG Energy from $84.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $111.43.

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.