Larson Financial Group LLC Acquires 347 Shares of NRG Energy, Inc. (NYSE:NRG)

Larson Financial Group LLC increased its holdings in NRG Energy, Inc. (NYSE:NRG) by 221.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 504 shares of the utilities provider’s stock after buying an additional 347 shares during the period. Larson Financial Group LLC’s holdings in NRG Energy were worth $45,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Everence Capital Management Inc. purchased a new stake in shares of NRG Energy during the fourth quarter worth $549,000. Meyer Handelman Co. lifted its holdings in NRG Energy by 43.8% during the 4th quarter. Meyer Handelman Co. now owns 78,982 shares of the utilities provider’s stock worth $7,126,000 after purchasing an additional 24,062 shares in the last quarter. Luxor Capital Group LP boosted its stake in NRG Energy by 47.8% in the 3rd quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider’s stock worth $47,426,000 after purchasing an additional 168,267 shares during the period. Pine Valley Investments Ltd Liability Co grew its holdings in NRG Energy by 25.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider’s stock valued at $4,557,000 after buying an additional 10,031 shares in the last quarter. Finally, Bank of Hawaii increased its position in shares of NRG Energy by 95.5% during the third quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider’s stock valued at $1,429,000 after buying an additional 7,662 shares during the period. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Stock Up 4.3 %

Shares of NYSE NRG opened at $92.40 on Thursday. NRG Energy, Inc. has a 12-month low of $62.14 and a 12-month high of $117.26. The stock’s fifty day simple moving average is $102.26 and its two-hundred day simple moving average is $94.30. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The stock has a market capitalization of $18.30 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13.

NRG Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.90%. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, February 3rd. NRG Energy’s dividend payout ratio is presently 35.92%.

Analyst Ratings Changes

Several equities research analysts have issued reports on NRG shares. BMO Capital Markets lifted their target price on shares of NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a research report on Monday, March 3rd. Wells Fargo & Company raised their target price on NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Morgan Stanley boosted their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. Guggenheim increased their target price on NRG Energy from $134.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.29.

Insider Transactions at NRG Energy

In related news, VP Robert J. Gaudette sold 60,000 shares of the business’s stock in a transaction 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 sale, the vice president now owns 64,448 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of NRG Energy 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 completion of the sale, the chief financial officer now directly owns 69,454 shares in the company, valued at $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. Company 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.