NRG Energy, Inc. (NYSE:NRG) Shares Sold by Patton Fund Management Inc.

Patton Fund Management Inc. decreased its holdings in NRG Energy, Inc. (NYSE:NRG) by 12.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,445 shares of the utilities provider’s stock after selling 9,118 shares during the quarter. Patton Fund Management Inc.’s holdings in NRG Energy were worth $5,634,000 as of its most recent filing with the SEC.

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

NRG Energy Stock Performance

NYSE:NRG opened at $101.15 on Wednesday. The firm has a market capitalization of $20.49 billion, a PE ratio of 25.41, a PEG ratio of 1.30 and a beta of 1.15. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a 1 year low of $51.26 and a 1 year high of $115.38. The firm’s fifty day simple moving average is $97.73 and its 200 day simple moving average is $88.87.

NRG Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Monday, February 3rd. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s payout ratio is currently 40.95%.

Insider Transactions at NRG Energy

In other news, VP Robert J. Gaudette sold 60,000 shares of NRG Energy stock in a transaction that occurred on 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief financial officer now owns 69,454 shares of the company’s stock, valued at $6,780,794.02. The trade was a 22.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NRG shares. Wells Fargo & Company raised their price objective on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Guggenheim upped their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. BMO Capital Markets raised their target price 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. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $74.00 to $126.00 in a research report on Tuesday, January 21st. Finally, Citigroup boosted their target price on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, NRG Energy currently has an average rating of “Moderate Buy” and a consensus price target of $111.43.

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.