U.S. Capital Wealth Advisors LLC Invests $3.17 Million in NRG Energy, Inc. (NYSE:NRG)

U.S. Capital Wealth Advisors LLC purchased a new position in NRG Energy, Inc. (NYSE:NRG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 35,112 shares of the utilities provider's stock, valued at approximately $3,168,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. M&T Bank Corp lifted its position in shares of NRG Energy by 0.3% during the 3rd quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider's stock valued at $3,481,000 after acquiring an additional 113 shares during the period. McIlrath & Eck LLC increased its stake in NRG Energy by 4.5% during the third quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider's stock worth $240,000 after acquiring an additional 113 shares during the last quarter. Castle Rock Wealth Management LLC boosted its position in NRG Energy by 3.5% during 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 during the period. Grove Bank & Trust lifted its position in shares of NRG Energy by 29.7% during the fourth quarter. Grove Bank & Trust now owns 564 shares of the utilities provider's stock worth $51,000 after purchasing an additional 129 shares in the last quarter. Finally, Hanseatic Management Services Inc. raised its position in shares of NRG Energy by 12.0% in the 4th quarter. Hanseatic Management Services Inc. now owns 1,244 shares of the utilities provider's stock valued at $112,000 after purchasing an additional 133 shares in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Citigroup lifted their price target 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. Jefferies Financial Group upgraded NRG Energy from a "hold" rating to a "buy" rating and raised their target price for the company 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 report on Monday, November 11th. Evercore ISI upgraded shares of NRG Energy from an "in-line" rating to an "outperform" rating and raised their price target for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Finally, BMO Capital Markets boosted 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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $111.43.

NRG Energy Stock Up 0.4 %

NYSE:NRG traded up $0.44 on Thursday, hitting $103.32. 1,430,297 shares of the company's stock traded hands, compared to its average volume of 3,217,954. The company has a market cap of $20.93 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 1.21 and a beta of 1.15. NRG Energy, Inc. has a 1 year low of $51.26 and a 1 year high of $115.38. 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 firm has a 50-day moving average price of $98.56 and a 200-day moving average price of $90.04.

NRG Energy Increases Dividend

The business 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 $0.44 dividend. 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. This represents a $1.76 dividend on an annualized basis and a yield of 1.70%. NRG Energy's dividend payout ratio is presently 40.95%.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of the firm's stock in a transaction dated 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 in the company, valued at $6,780,794.02. This trade represents a 22.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $5,484,600.00. Following the transaction, the vice president now directly owns 64,448 shares in the company, valued at approximately $5,891,191.68. This represents a 48.21 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.61% of the company's stock.

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.