NRG Energy, Inc. (NYSE:NRG) Shares Sold by New Century Financial Group LLC

New Century Financial Group LLC trimmed its holdings in NRG Energy, Inc. (NYSE:NRG) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,719 shares of the utilities provider’s stock after selling 200 shares during the period. New Century Financial Group LLC’s holdings in NRG Energy were worth $465,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NRG. Envestnet Asset Management Inc. boosted its holdings in shares of NRG Energy by 17.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 109,468 shares of the utilities provider’s stock worth $8,523,000 after purchasing an additional 16,274 shares during the last quarter. ProShare Advisors LLC lifted its position in NRG Energy by 60.6% during the second quarter. ProShare Advisors LLC now owns 47,896 shares of the utilities provider’s stock worth $3,729,000 after buying an additional 18,066 shares in the last quarter. 1832 Asset Management L.P. acquired a new position in NRG Energy during the second quarter worth $2,230,000. EverSource Wealth Advisors LLC grew its holdings in NRG Energy by 553.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,195 shares of the utilities provider’s stock valued at $165,000 after buying an additional 1,859 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its stake in shares of NRG Energy by 38.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 35,365 shares of the utilities provider’s stock worth $2,754,000 after acquiring an additional 9,736 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Trading Up 0.1 %

Shares of NYSE NRG opened at $110.45 on Friday. 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 $22.37 billion, a PE ratio of 27.75, a PEG ratio of 1.30 and a beta of 1.15. NRG Energy, Inc. has a twelve month low of $51.26 and a twelve month high of $115.38. The stock has a fifty day simple moving average of $97.12 and a 200-day simple moving average of $88.23.

NRG Energy Increases Dividend

The company also recently announced 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 an increase from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Monday, February 3rd. NRG Energy’s payout ratio is currently 40.95%.

Analyst Ratings Changes

NRG has been the subject of a number of analyst reports. BMO Capital Markets upped their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the company 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 raised their price target for the stock from $74.00 to $126.00 in a report on Tuesday. Citigroup upped their price objective on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Guggenheim raised their target price on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company upped their price target on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, NRG Energy has an average rating of “Moderate Buy” and a consensus price target of $111.43.

Insider Transactions at NRG Energy

In related news, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction that occurred on 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 $6,780,794.02. This represents a 22.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert J. Gaudette sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the completion of the transaction, the vice president now directly owns 64,448 shares of the company’s stock, valued at $5,891,191.68. This represents a 48.21 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

NRG Energy Company 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.