Affinity Wealth Management LLC Grows Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Affinity Wealth Management LLC lifted its stake in NRG Energy, Inc. (NYSE:NRG) by 7.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,748 shares of the utilities provider’s stock after acquiring an additional 3,084 shares during the period. Affinity Wealth Management LLC’s holdings in NRG Energy were worth $3,857,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its holdings in shares of NRG Energy by 3.9% in the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 79,000 shares of the utilities provider’s stock worth $7,127,000 after buying an additional 3,000 shares in the last quarter. Impact Partnership Wealth LLC grew its position in shares of NRG Energy by 3.1% during the 4th quarter. Impact Partnership Wealth LLC now owns 4,505 shares of the utilities provider’s stock valued at $406,000 after purchasing an additional 137 shares in the last quarter. Shilanski & Associates Inc. increased its holdings in shares of NRG Energy by 3.3% in the fourth quarter. Shilanski & Associates Inc. now owns 18,432 shares of the utilities provider’s stock worth $1,663,000 after purchasing an additional 591 shares during the period. Brighton Jones LLC raised its position in shares of NRG Energy by 41.8% in the fourth quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock worth $468,000 after buying an additional 1,528 shares in the last quarter. Finally, FCG Investment Co boosted its stake in NRG Energy by 5.0% during the fourth quarter. FCG Investment Co now owns 12,501 shares of the utilities provider’s stock valued at $1,128,000 after buying an additional 592 shares during the period. Institutional investors own 97.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Evercore ISI raised NRG Energy from an “in-line” rating to an “outperform” rating and raised their price target for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. BMO Capital Markets lifted their target price on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. Wells Fargo & Company upped their target price on shares of 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 price target on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and lifted their price target for the stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $111.43.

Insider Transactions at NRG Energy

In other news, VP Robert J. Gaudette sold 60,000 shares of the business’s 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 sale, the vice president now directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

NRG Energy Trading Up 1.6 %

NYSE:NRG opened at $112.31 on Friday. The firm has a market capitalization of $22.75 billion, a P/E ratio of 28.22, a P/E/G ratio of 1.30 and a beta of 1.15. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The company has a fifty day moving average of $97.53 and a 200 day moving average of $88.53. NRG Energy, Inc. has a 52 week low of $51.26 and a 52 week high of $115.38.

NRG Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a $0.44 dividend. The ex-dividend date is Monday, February 3rd. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a yield of 1.57%. NRG Energy’s dividend payout ratio is 40.95%.

About NRG Energy

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.