Kestra Private Wealth Services LLC Acquires 365 Shares of NRG Energy, Inc. (NYSE:NRG)

Kestra Private Wealth Services LLC grew its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,323 shares of the utilities provider’s stock after purchasing an additional 365 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in NRG Energy were worth $1,112,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Empowered Funds LLC raised its holdings in NRG Energy by 57.7% in the 4th quarter. Empowered Funds LLC now owns 250,547 shares of the utilities provider’s stock worth $22,604,000 after acquiring an additional 91,707 shares during the period. Advisors Preferred LLC raised its holdings in NRG Energy by 23.3% in the 4th quarter. Advisors Preferred LLC now owns 58,448 shares of the utilities provider’s stock worth $5,421,000 after acquiring an additional 11,038 shares during the period. Apollon Wealth Management LLC bought a new position in NRG Energy in the 4th quarter worth $263,000. Byrne Asset Management LLC raised its holdings in NRG Energy by 15.0% in the 4th quarter. Byrne Asset Management LLC now owns 13,975 shares of the utilities provider’s stock worth $1,261,000 after acquiring an additional 1,818 shares during the period. Finally, NatWest Group plc raised its holdings in NRG Energy by 49.8% in the 4th quarter. NatWest Group plc now owns 118,657 shares of the utilities provider’s stock worth $10,705,000 after acquiring an additional 39,455 shares during the period. Institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Performance

NYSE:NRG opened at $106.17 on Friday. NRG Energy, Inc. has a 12-month low of $51.42 and a 12-month high of $115.38. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The firm has a market capitalization of $21.51 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 1.22 and a beta of 1.15. The firm has a 50-day moving average price of $98.95 and a 200 day moving average price of $91.06.

NRG Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Monday, February 3rd. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s dividend payout ratio is 44.22%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 69,454 shares of the company’s stock, valued at approximately $6,780,794.02. This represents a 22.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 sale, the vice president now directly owns 64,448 shares in the company, valued at $5,891,191.68. This represents a 48.21 % 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.