Commonwealth Equity Services LLC Has $3.51 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Commonwealth Equity Services LLC lowered its position in NRG Energy, Inc. (NYSE:NRG) by 8.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 38,934 shares of the utilities provider’s stock after selling 3,559 shares during the quarter. Commonwealth Equity Services LLC’s holdings in NRG Energy were worth $3,513,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of NRG Energy during the 4th quarter valued at about $32,000. UMB Bank n.a. increased its holdings in NRG Energy by 100.4% in the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock worth $41,000 after buying an additional 228 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new position in NRG Energy during the third quarter valued at approximately $43,000. Princeton Global Asset Management LLC lifted its stake in NRG Energy by 414.9% in the fourth quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 390 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in NRG Energy by 221.0% in the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 347 shares in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Stock Performance

NRG opened at $102.83 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The stock’s 50 day moving average price is $102.23 and its two-hundred day moving average price is $95.25. The firm has a market capitalization of $20.94 billion, a P/E ratio of 25.84, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. NRG Energy, Inc. has a 12-month low of $65.11 and a 12-month high of $117.26.

NRG Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.71%. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s payout ratio is 35.92%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Guggenheim boosted their price target on NRG Energy from $134.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. BMO Capital Markets raised their price objective on NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a research note on Monday, March 3rd. Finally, Morgan Stanley upped their target price on NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, NRG Energy currently has a consensus rating of “Moderate Buy” and an average price target of $123.29.

Insider Activity at NRG Energy

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Bruce Chung sold 20,000 shares of the firm’s stock in a transaction that occurred 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 $6,780,794.02. This trade 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 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.