NRG Energy, Inc. (NYSE:NRG) Stake Decreased by Williamson Legacy Group LLC

Williamson Legacy Group LLC reduced its holdings in NRG Energy, Inc. (NYSE:NRG) by 9.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,828 shares of the utilities provider’s stock after selling 2,820 shares during the period. NRG Energy makes up 1.6% of Williamson Legacy Group LLC’s holdings, making the stock its 6th biggest position. Williamson Legacy Group LLC’s holdings in NRG Energy were worth $2,330,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Teilinger Capital Ltd. purchased a new position in shares of NRG Energy in the fourth quarter worth about $8,120,000. SVB Wealth LLC acquired a new stake in NRG Energy during the fourth quarter worth about $657,000. Flputnam Investment Management Co. acquired a new stake in NRG Energy during the fourth quarter worth about $4,360,000. Private Trust Co. NA increased its position in NRG Energy by 29.1% during the fourth quarter. Private Trust Co. NA now owns 1,363 shares of the utilities provider’s stock worth $123,000 after purchasing an additional 307 shares during the last quarter. Finally, QRG Capital Management Inc. increased its position in NRG Energy by 4.8% during the fourth quarter. QRG Capital Management Inc. now owns 51,794 shares of the utilities provider’s stock worth $4,673,000 after purchasing an additional 2,386 shares during the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

NRG Energy Price Performance

Shares of NRG opened at $105.73 on Friday. NRG Energy, Inc. has a 1-year low of $54.12 and a 1-year high of $117.26. The stock has a market cap of $21.42 billion, a PE ratio of 26.57, a P/E/G ratio of 1.01 and a beta of 1.15. The firm has a 50-day simple moving average of $102.10 and a two-hundred day simple moving average of $93.63. 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 was paid on Tuesday, February 18th. Shareholders 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 is a boost from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.66%. NRG Energy’s dividend payout ratio (DPR) is currently 44.22%.

Insider Buying and Selling at NRG Energy

In other 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 value of $5,484,600.00. Following the completion of the transaction, the vice president now owns 64,448 shares of the company’s stock, 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 shares were sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the completion of the transaction, the chief financial officer now directly owns 69,454 shares of the company’s stock, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NRG. StockNews.com upgraded shares of NRG Energy from a “hold” rating to a “buy” rating in a research report on Friday. BMO Capital Markets raised their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 19th. Wells Fargo & Company raised their price objective on shares of NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday. Morgan Stanley raised their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Finally, Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and raised their price objective for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, NRG Energy presently has an average rating of “Moderate Buy” and a consensus target price of $121.14.

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.