Financial Life Planners Makes New $191,000 Investment in NRG Energy, Inc. (NYSE:NRG)

Financial Life Planners acquired a new position in NRG Energy, Inc. (NYSE:NRG) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 2,121 shares of the utilities provider’s stock, valued at approximately $191,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Everence Capital Management Inc. bought a new position in shares of NRG Energy in the fourth quarter valued at approximately $549,000. Meyer Handelman Co. raised its holdings in shares of NRG Energy by 43.8% in the 4th quarter. Meyer Handelman Co. now owns 78,982 shares of the utilities provider’s stock valued at $7,126,000 after acquiring an additional 24,062 shares in the last quarter. Luxor Capital Group LP grew its holdings in shares of NRG Energy by 47.8% during the third quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider’s stock worth $47,426,000 after purchasing an additional 168,267 shares in the last quarter. Pine Valley Investments Ltd Liability Co increased its position in shares of NRG Energy by 25.1% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider’s stock worth $4,557,000 after purchasing an additional 10,031 shares during the last quarter. Finally, Bank of Hawaii lifted its position in NRG Energy by 95.5% during the third quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider’s stock valued at $1,429,000 after purchasing an additional 7,662 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.

NRG Energy Trading Down 2.2 %

Shares of NRG opened at $102.65 on Monday. The firm’s 50-day moving average price is $98.17 and its 200-day moving average price is $89.47. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The firm has a market capitalization of $20.79 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 1.21 and a beta of 1.15. NRG Energy, Inc. has a 1-year low of $51.26 and a 1-year high of $115.38.

NRG Energy Increases Dividend

The company 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. 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. This represents a $1.76 dividend on an annualized basis and a yield of 1.71%. NRG Energy’s dividend payout ratio is 40.95%.

Insider Activity

In related news, VP Robert J. Gaudette sold 60,000 shares of the firm’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 transaction of $5,484,600.00. Following the completion of the transaction, the vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $97.63, for a total value of $1,952,600.00. Following the completion of the sale, the chief financial officer now directly owns 69,454 shares in the company, 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. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and increased their price objective for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. Guggenheim lifted their price target on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Citigroup upped their price objective 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 upgraded NRG Energy from an “in-line” rating to an “outperform” rating and increased their target price for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. Finally, Wells Fargo & Company upped their price target on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.