Secure Asset Management LLC Has $548,000 Stake in NRG Energy, Inc. (NYSE:NRG)

Secure Asset Management LLC increased its position in NRG Energy, Inc. (NYSE:NRG) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,078 shares of the utilities provider’s stock after buying an additional 178 shares during the period. Secure Asset Management LLC’s holdings in NRG Energy were worth $548,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised 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 valued at $8,523,000 after purchasing an additional 16,274 shares in the last quarter. ProShare Advisors LLC raised its holdings in NRG Energy by 60.6% during the second quarter. ProShare Advisors LLC now owns 47,896 shares of the utilities provider’s stock valued at $3,729,000 after buying an additional 18,066 shares in the last quarter. Public Sector Pension Investment Board lifted its position in shares of NRG Energy by 38.0% in the second quarter. Public Sector Pension Investment Board now owns 35,365 shares of the utilities provider’s stock worth $2,754,000 after buying an additional 9,736 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of NRG Energy by 52.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 41,141 shares of the utilities provider’s stock worth $3,203,000 after acquiring an additional 14,186 shares in the last quarter. Finally, Toronto Dominion Bank increased its holdings in shares of NRG Energy by 41.5% during the 2nd quarter. Toronto Dominion Bank now owns 98,055 shares of the utilities provider’s stock valued at $7,635,000 after acquiring an additional 28,747 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.

Insider Activity

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 transaction of $1,952,600.00. Following the sale, the chief financial officer now directly owns 69,454 shares in the company, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of the 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 transaction, the vice president now directly owns 64,448 shares of the company’s stock, valued at $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 currently owned by company insiders.

NRG Energy Stock Up 1.6 %

NYSE NRG opened at $112.31 on Friday. NRG Energy, Inc. has a twelve month low of $51.26 and a twelve month high of $115.38. The stock has a market cap of $22.75 billion, a PE ratio of 28.22, a PEG ratio of 1.30 and a beta of 1.15. The firm has a 50-day simple moving average of $97.53 and a 200 day simple moving average of $88.47. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17.

NRG Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.57%. The ex-dividend date 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 (DPR) is presently 40.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NRG shares. Wells Fargo & Company upped their target price on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Citigroup raised their target price 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. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $74.00 to $126.00 in a research report on Tuesday. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and raised their price target for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. Finally, BMO Capital Markets boosted their price objective on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.43.

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.