Spirit of America Management Corp NY Has $198,000 Position in NRG Energy, Inc. (NYSE:NRG)

Spirit of America Management Corp NY boosted its stake in NRG Energy, Inc. (NYSE:NRG) by 120.0% in the fourth quarter, HoldingsChannel reports. The firm owned 2,200 shares of the utilities provider’s stock after buying an additional 1,200 shares during the period. Spirit of America Management Corp NY’s holdings in NRG Energy were worth $198,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sanctuary Advisors LLC bought a new stake in shares of NRG Energy during the second quarter valued at approximately $1,120,000. Park Avenue Securities LLC increased its stake in NRG Energy by 2.8% during the 3rd quarter. Park Avenue Securities LLC now owns 4,910 shares of the utilities provider’s stock valued at $447,000 after purchasing an additional 134 shares in the last quarter. Czech National Bank raised its holdings in NRG Energy by 5.8% during the third quarter. Czech National Bank now owns 42,041 shares of the utilities provider’s stock worth $3,830,000 after buying an additional 2,313 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of NRG Energy by 21.3% in the third quarter. GAMMA Investing LLC now owns 5,157 shares of the utilities provider’s stock valued at $470,000 after buying an additional 904 shares in the last quarter. Finally, Diversified Trust Co grew its holdings in shares of NRG Energy by 55.3% during the third quarter. Diversified Trust Co now owns 4,538 shares of the utilities provider’s stock valued at $413,000 after buying an additional 1,616 shares during the last quarter. 97.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Citigroup raised their price target 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. BMO Capital Markets raised their target price on NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a report on Tuesday, November 19th. Wells Fargo & Company upped their price target on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and raised their price objective for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Finally, 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 research note on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, NRG Energy has an average rating of “Moderate Buy” and an average price target of $111.43.

Insider Buying and Selling at NRG Energy

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. Corporate insiders own 0.61% of the company’s stock.

NRG Energy Trading Up 1.1 %

Shares of NRG Energy stock opened at $102.76 on Thursday. The firm has a market cap of $20.82 billion, a PE ratio of 25.82, a P/E/G ratio of 1.21 and a beta of 1.15. NRG Energy, Inc. has a 1 year low of $51.26 and a 1 year high of $115.38. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The stock has a fifty day moving average price of $98.47 and a 200-day moving average price of $89.95.

NRG Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be given a $0.44 dividend. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.76 annualized dividend and a yield of 1.71%. NRG Energy’s payout ratio is currently 40.95%.

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.