Stiles Financial Services Inc Decreases Stock Position in NRG Energy, Inc. (NYSE:NRG)

Stiles Financial Services Inc decreased its position in shares of NRG Energy, Inc. (NYSE:NRG) by 15.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,441 shares of the utilities provider’s stock after selling 812 shares during the period. Stiles Financial Services Inc’s holdings in NRG Energy were worth $401,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in NRG Energy during the 3rd quarter valued at approximately $26,000. Covestor Ltd boosted its position in shares of NRG Energy by 74.7% during the 3rd 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 last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of NRG Energy in the third quarter valued at $35,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in NRG Energy in the third quarter worth $36,000. Finally, UMB Bank n.a. raised its stake in NRG Energy by 100.4% during the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 228 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

NRG Energy Trading Down 0.3 %

Shares of NYSE NRG opened at $102.96 on Monday. The business’s 50 day moving average price is $98.59 and its 200-day moving average price is $90.43. NRG Energy, Inc. has a fifty-two week low of $51.26 and a fifty-two week high of $115.38. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The company has a market cap of $20.86 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 1.22 and a beta of 1.15.

NRG Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders 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 1.71%. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, February 3rd. NRG Energy’s dividend payout ratio (DPR) is 44.22%.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, CFO Bruce Chung sold 20,000 shares of the firm’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 transaction, the chief financial officer now directly owns 69,454 shares of the company’s stock, valued at approximately $6,780,794.02. This trade represents a 22.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Robert J. Gaudette sold 60,000 shares of the business’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 value 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 position. The disclosure for this sale can be found here. 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.