NRG Energy, Inc. (NYSE:NRG) Shares Bought by Brighton Jones LLC

Brighton Jones LLC grew its position in NRG Energy, Inc. (NYSE:NRG) by 41.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,187 shares of the utilities provider’s stock after purchasing an additional 1,528 shares during the quarter. Brighton Jones LLC’s holdings in NRG Energy were worth $468,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in NRG Energy during the 3rd quarter worth about $26,000. Covestor Ltd lifted its position in 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 acquiring an additional 139 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of NRG Energy in the third quarter valued at approximately $35,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in NRG Energy during the 3rd quarter worth $36,000. Finally, UMB Bank n.a. grew its position 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 during the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on NRG. Wells Fargo & Company upped their price objective on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Citigroup upped their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. 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 report on Tuesday, November 26th. BMO Capital Markets increased their target price on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 19th. Finally, Evercore ISI raised shares of 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 report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $111.43.

Insider Activity

In other news, CFO Bruce Chung sold 20,000 shares of the 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 completion of the sale, the chief financial officer now owns 69,454 shares in the company, valued at $6,780,794.02. This represents a 22.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Robert J. Gaudette sold 60,000 shares of the firm’s 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 sale, the vice president now owns 64,448 shares of the company’s stock, valued at approximately $5,891,191.68. This 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.

NRG Energy Stock Up 1.6 %

Shares of NYSE:NRG opened at $112.31 on Monday. The company has a fifty day simple moving average of $97.53 and a 200 day simple moving average of $88.60. The firm has a market cap of $22.75 billion, a PE ratio of 28.22, a price-to-earnings-growth ratio of 1.30 and a beta of 1.15. NRG Energy, Inc. has a 12-month low of $51.26 and a 12-month 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.

NRG Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Monday, February 3rd. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s dividend payout ratio (DPR) 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.