Pine Valley Investments Ltd Liability Co Purchases 2,079 Shares of NRG Energy, Inc. (NYSE:NRG)

Pine Valley Investments Ltd Liability Co boosted its position in NRG Energy, Inc. (NYSE:NRG) by 4.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 52,106 shares of the utilities provider’s stock after acquiring an additional 2,079 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in NRG Energy were worth $4,701,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NRG. Private Advisor Group LLC raised its position in shares of NRG Energy by 27.3% in the third quarter. Private Advisor Group LLC now owns 5,863 shares of the utilities provider’s stock valued at $534,000 after purchasing an additional 1,256 shares during the period. International Assets Investment Management LLC raised its holdings in NRG Energy by 27,231.5% during the 3rd quarter. International Assets Investment Management LLC now owns 146,770 shares of the utilities provider’s stock valued at $13,371,000 after acquiring an additional 146,233 shares during the period. PFG Investments LLC lifted its position in shares of NRG Energy by 18.8% during the third quarter. PFG Investments LLC now owns 8,228 shares of the utilities provider’s stock worth $750,000 after acquiring an additional 1,304 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of NRG Energy by 5.7% in the third quarter. State of Alaska Department of Revenue now owns 23,978 shares of the utilities provider’s stock worth $2,184,000 after acquiring an additional 1,300 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its holdings in NRG Energy by 4.8% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 5,880 shares of the utilities provider’s stock worth $536,000 after purchasing an additional 268 shares in the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of NRG Energy 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 completion of the sale, the vice president now owns 64,448 shares of the company’s stock, valued at $5,891,191.68. The trade was a 48.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the 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 transaction, 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 disclosure for this sale can be found here. 0.61% of the stock is owned by company insiders.

Analyst Ratings Changes

NRG has been the subject of a number of recent analyst reports. Citigroup lifted their target price on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. BMO Capital Markets boosted their price objective on shares of 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 target price for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. Morgan Stanley raised their price target on shares of NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Finally, Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $113.71.

NRG Energy Trading Down 2.4 %

Shares of NRG Energy stock opened at $103.39 on Tuesday. 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, Inc. has a 1 year low of $51.58 and a 1 year high of $115.38. The firm has a market cap of $20.94 billion, a PE ratio of 25.98, a PEG ratio of 1.01 and a beta of 1.15. The company has a 50 day simple moving average of $100.77 and a two-hundred day simple moving average of $93.08.

NRG Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.44 per share. This is an increase 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 1.70%. The ex-dividend date of this dividend was Monday, February 3rd. NRG Energy’s payout ratio is currently 44.22%.

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.