NatWest Group plc Raises Position in NRG Energy, Inc. (NYSE:NRG)

NatWest Group plc increased its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 49.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,657 shares of the utilities provider’s stock after buying an additional 39,455 shares during the quarter. NRG Energy accounts for about 3.2% of NatWest Group plc’s portfolio, making the stock its 15th largest position. NatWest Group plc owned approximately 0.06% of NRG Energy worth $10,705,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC acquired a new stake in NRG Energy in the 3rd quarter worth approximately $26,000. Covestor Ltd raised its holdings in shares of NRG Energy by 74.7% in the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after buying an additional 139 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of NRG Energy during the third quarter worth $35,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of NRG Energy during the third quarter valued at $36,000. Finally, UMB Bank n.a. increased its position in shares of NRG Energy by 100.4% in the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 228 shares during the period. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Trading Down 0.3 %

Shares of NRG Energy stock opened at $102.96 on Friday. NRG Energy, Inc. has a fifty-two week low of $51.26 and a fifty-two week high of $115.38. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The company has a market cap of $20.86 billion, a P/E ratio of 25.87, a price-to-earnings-growth ratio of 1.21 and a beta of 1.15. The firm has a 50-day simple moving average of $98.59 and a two-hundred day simple moving average of $90.22.

NRG Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.71%. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s dividend payout ratio is currently 44.22%.

Analyst Ratings Changes

Several analysts have weighed in on the company. BMO Capital Markets boosted their price target on NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. Evercore ISI upgraded shares of NRG Energy from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Citigroup lifted their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Wells Fargo & Company increased their price objective on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Finally, Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and boosted their target price for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, NRG Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.43.

Insider Buying and Selling at NRG Energy

In other news, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $97.63, for a total value of $1,952,600.00. Following the sale, the chief financial officer now owns 69,454 shares in the company, valued at $6,780,794.02. This trade represents a 22.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Robert J. Gaudette sold 60,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following 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 position. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

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.