GoalVest Advisory LLC Decreases Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

GoalVest Advisory LLC trimmed its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 4.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,350 shares of the utilities provider’s stock after selling 1,000 shares during the quarter. GoalVest Advisory LLC’s holdings in NRG Energy were worth $1,763,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in shares of NRG Energy during the third quarter valued at approximately $26,000. Covestor Ltd increased its position in NRG Energy by 74.7% in the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after buying an additional 139 shares during the last quarter. Rothschild Investment LLC purchased a new stake in NRG Energy in the second quarter worth $32,000. First Horizon Advisors Inc. increased its position in NRG Energy by 76.1% in the second quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock worth $34,000 after buying an additional 191 shares during the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new stake in NRG Energy in the third quarter worth $35,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

NRG Energy Price Performance

NYSE:NRG opened at $92.19 on Friday. The firm has a market capitalization of $18.67 billion, a price-to-earnings ratio of 23.16, a P/E/G ratio of 1.34 and a beta of 1.10. NRG Energy, Inc. has a 52-week low of $44.90 and a 52-week high of $102.84. The stock has a fifty day moving average of $88.50 and a 200 day moving average of $82.44. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a yield of 1.77%. The ex-dividend date was Friday, November 1st. NRG Energy’s dividend payout ratio is 40.95%.

Insider Activity at NRG Energy

In related news, insider Rasesh M. Patel sold 102,603 shares of NRG Energy stock in a transaction on Friday, September 13th. The stock was sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the completion of the sale, the insider now owns 163,680 shares of the company’s stock, valued at approximately $13,151,688. This trade represents a 38.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.86% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wells Fargo & Company raised their target price on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. BMO Capital Markets raised their target price on NRG Energy from $90.00 to $94.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Citigroup raised their target price on 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 assumed coverage on NRG Energy in a research report on Friday, September 13th. They issued a “hold” rating and a $82.00 price target for the company. Finally, StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $97.43.

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.