NRG Energy, Inc. (NYSE:NRG) Shares Purchased by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC lifted its position in NRG Energy, Inc. (NYSE:NRG) by 0.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,916 shares of the utilities provider’s stock after buying an additional 120 shares during the period. Schechter Investment Advisors LLC’s holdings in NRG Energy were worth $1,436,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NRG. Ashton Thomas Securities LLC acquired a new stake in NRG Energy in the 3rd quarter valued at about $26,000. Covestor Ltd boosted its holdings in NRG Energy by 74.7% during the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after buying an additional 139 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in NRG Energy in the fourth quarter worth approximately $32,000. Harbor Capital Advisors Inc. bought a new stake in shares of NRG Energy during the 3rd quarter worth $35,000. Finally, UMB Bank n.a. grew its holdings in shares of NRG Energy by 100.4% in the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 228 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insiders Place Their Bets

In related news, VP Robert J. Gaudette sold 60,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total value of $5,484,600.00. Following the transaction, the vice president now owns 64,448 shares in the company, valued at approximately $5,891,191.68. This represents a 48.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Bruce Chung sold 20,000 shares of NRG Energy 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 completion of the sale, the chief financial officer now owns 69,454 shares of the company’s stock, valued at $6,780,794.02. This trade represents a 22.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NRG. Evercore ISI upgraded NRG Energy from an “in-line” rating to an “outperform” rating and increased their price target for the company from $74.00 to $126.00 in a research report on Tuesday, January 21st. StockNews.com raised shares of NRG Energy from a “hold” rating to a “buy” rating in a research report on Friday. Morgan Stanley upped their price target on shares of NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. Finally, BMO Capital Markets increased their target price on NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a report on Monday. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, NRG Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.29.

NRG Energy Trading Down 5.3 %

Shares of NYSE:NRG opened at $100.13 on Tuesday. The firm has a fifty day moving average of $102.26 and a two-hundred day moving average of $93.92. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a 12-month low of $55.96 and a 12-month high of $117.26. The firm has a market capitalization of $19.83 billion, a P/E ratio of 25.16, a price-to-earnings-growth ratio of 1.01 and a beta of 1.15.

NRG Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.44 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.76%. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s payout ratio is 35.92%.

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.