6,244 Shares in NRG Energy, Inc. (NYSE:NRG) Purchased by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new position in NRG Energy, Inc. (NYSE:NRG) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 6,244 shares of the utilities provider’s stock, valued at approximately $545,000.

A number of other large investors have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in NRG Energy during the 3rd quarter valued at about $26,000. Covestor Ltd increased its stake in NRG Energy by 74.7% during the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after buying an additional 139 shares during the period. Harbor Capital Advisors Inc. acquired a new position in NRG Energy during the 3rd quarter valued at about $35,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in NRG Energy during the 3rd quarter valued at about $36,000. Finally, UMB Bank n.a. boosted its position in shares of NRG Energy by 100.4% during the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 228 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NRG shares. BMO Capital Markets raised their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. Evercore ISI upgraded shares of NRG Energy from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $74.00 to $126.00 in a research report on Tuesday, January 21st. Guggenheim raised their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Citigroup raised their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company raised their price objective on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, NRG Energy currently has a consensus rating of “Moderate Buy” and an average target price of $111.43.

NRG Energy Stock Performance

Shares of NRG opened at $101.15 on Wednesday. NRG Energy, Inc. has a one year low of $51.26 and a one year high of $115.38. The company has a 50-day moving average of $97.73 and a two-hundred day moving average of $88.87. The stock has a market cap of $20.49 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 1.30 and a beta of 1.15. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10.

NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a dividend of $0.44 per share. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Monday, February 3rd. NRG Energy’s dividend payout ratio (DPR) is currently 40.95%.

Insider Buying and Selling

In related news, VP Robert J. Gaudette sold 60,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the vice president now directly owns 64,448 shares in the company, valued at approximately $5,891,191.68. This trade represents a 48.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction of $1,952,600.00. Following the sale, the chief financial officer now owns 69,454 shares of the company’s stock, valued at approximately $6,780,794.02. This represents a 22.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.

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.