Mount Yale Investment Advisors LLC Has $260,000 Stock Position in NRG Energy, Inc. (NYSE:NRG)

Mount Yale Investment Advisors LLC cut its position in NRG Energy, Inc. (NYSE:NRG) by 55.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,884 shares of the utilities provider’s stock after selling 3,521 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in NRG Energy were worth $260,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NRG. Union Bancaire Privee UBP SA acquired a new stake in NRG Energy in the fourth quarter valued at approximately $545,000. Blue Trust Inc. grew its position in NRG Energy by 58.4% in the 4th quarter. Blue Trust Inc. now owns 4,492 shares of the utilities provider’s stock valued at $409,000 after purchasing an additional 1,657 shares during the period. Kingswood Wealth Advisors LLC increased its stake in NRG Energy by 12.6% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 22,646 shares of the utilities provider’s stock valued at $2,043,000 after purchasing an additional 2,531 shares in the last quarter. PFG Investments LLC raised its holdings in NRG Energy by 2.5% during the fourth quarter. PFG Investments LLC now owns 8,433 shares of the utilities provider’s stock worth $761,000 after buying an additional 205 shares during the last quarter. Finally, Affinity Wealth Management LLC lifted its stake in shares of NRG Energy by 7.8% in the fourth quarter. Affinity Wealth Management LLC now owns 42,748 shares of the utilities provider’s stock valued at $3,857,000 after buying an additional 3,084 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

NRG Energy Stock Down 0.1 %

Shares of NYSE:NRG opened at $100.77 on Thursday. NRG Energy, Inc. has a 1 year low of $51.26 and a 1 year high of $115.38. The company has a market capitalization of $20.41 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 1.30 and a beta of 1.15. The business has a fifty day moving average price of $97.86 and a two-hundred day moving average price of $88.96. 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 disclosed 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 represents a $1.76 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Monday, February 3rd. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s dividend payout ratio (DPR) is 40.95%.

Insiders Place Their Bets

In related news, VP Robert J. Gaudette sold 60,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total value of $5,484,600.00. Following the sale, the vice president now directly owns 64,448 shares in the company, valued at approximately $5,891,191.68. The trade was a 48.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the 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 owns 69,454 shares of the company’s stock, valued at $6,780,794.02. This represents a 22.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NRG. Evercore ISI upgraded shares of NRG Energy from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Wells Fargo & Company raised their target price on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, November 11th. BMO Capital Markets upped their price target on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Guggenheim raised their price objective on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and upped their target price for the stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $111.43.

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.