Union Bancaire Privee UBP SA Purchases Shares of 6,244 NRG Energy, Inc. (NYSE:NRG)

Union Bancaire Privee UBP SA bought a new stake 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 SEC. The firm bought 6,244 shares of the utilities provider's stock, valued at approximately $545,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NRG. M&T Bank Corp grew its holdings in NRG Energy by 0.3% during the third quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider's stock worth $3,481,000 after acquiring an additional 113 shares during the period. McIlrath & Eck LLC grew its stake in shares of NRG Energy by 4.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider's stock worth $240,000 after purchasing an additional 113 shares during the last quarter. Castle Rock Wealth Management LLC raised its holdings in shares of NRG Energy by 3.5% in the 3rd quarter. Castle Rock Wealth Management LLC now owns 3,746 shares of the utilities provider's stock worth $356,000 after purchasing an additional 126 shares in the last quarter. Grove Bank & Trust lifted its stake in NRG Energy by 29.7% during the fourth quarter. Grove Bank & Trust now owns 564 shares of the utilities provider's stock valued at $51,000 after purchasing an additional 129 shares during the last quarter. Finally, Hanseatic Management Services Inc. boosted its holdings in NRG Energy by 12.0% during the fourth quarter. Hanseatic Management Services Inc. now owns 1,244 shares of the utilities provider's stock worth $112,000 after buying an additional 133 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NRG Energy

In related news, VP Robert J. Gaudette sold 60,000 shares of NRG Energy 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 transaction, the vice president now owns 64,448 shares in the company, valued at $5,891,191.68. This trade represents a 48.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction 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 approximately $6,780,794.02. This represents a 22.36 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company's stock.

NRG Energy Stock Down 2.2 %

Shares of NRG Energy stock traded down $2.36 during trading on Friday, hitting $102.65. 2,897,905 shares of the stock traded hands, compared to its average volume of 3,176,772. The company has a fifty day moving average price of $98.17 and a two-hundred day moving average price of $89.35. NRG Energy, Inc. has a twelve month low of $51.26 and a twelve month high of $115.38. The stock has a market cap of $20.79 billion, a P/E ratio of 25.79, a PEG ratio of 1.19 and a beta of 1.15. 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend 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 is presently 40.95%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Citigroup increased their price objective on NRG Energy from $84.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and upped their target price for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. Wells Fargo & Company boosted their price objective on NRG Energy from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, November 11th. Guggenheim raised their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. Finally, BMO Capital Markets raised their price objective 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. 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 data from MarketBeat, NRG Energy currently has a consensus rating of "Moderate Buy" and an average price target 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.