Janney Montgomery Scott LLC Has $1.18 Million Stock Position in NRG Energy, Inc. (NYSE:NRG)

Janney Montgomery Scott LLC raised its position in NRG Energy, Inc. (NYSE:NRG) by 34.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 13,094 shares of the utilities provider’s stock after acquiring an additional 3,329 shares during the period. Janney Montgomery Scott LLC’s holdings in NRG Energy were worth $1,181,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Everence Capital Management Inc. acquired a new stake in NRG Energy in the 4th quarter valued at $549,000. Meyer Handelman Co. grew its holdings in shares of NRG Energy by 43.8% during the fourth quarter. Meyer Handelman Co. now owns 78,982 shares of the utilities provider’s stock valued at $7,126,000 after buying an additional 24,062 shares during the last quarter. Luxor Capital Group LP increased its position 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 acquiring an additional 168,267 shares in the last quarter. Pine Valley Investments Ltd Liability Co raised its holdings in shares of NRG Energy by 25.1% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider’s stock worth $4,557,000 after acquiring an additional 10,031 shares during the last quarter. Finally, Bank of Hawaii lifted its position in NRG Energy by 95.5% in the 3rd quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider’s stock valued at $1,429,000 after acquiring an additional 7,662 shares in the last quarter. Institutional investors own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on NRG shares. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Guggenheim increased their price target on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. BMO Capital Markets lifted their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Citigroup increased their target price on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company boosted their price target on shares of NRG Energy from $130.00 to $140.00 and gave the stock 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $111.43.

Insider Activity at NRG Energy

In other news, CFO Bruce Chung sold 20,000 shares of the business’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 sale, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 directly 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 ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is owned by company insiders.

NRG Energy Stock Performance

NYSE NRG opened at $101.71 on Wednesday. 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 capitalization of $20.60 billion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 1.21 and a beta of 1.15. NRG Energy, Inc. has a 52-week low of $51.26 and a 52-week high of $115.38. The company has a 50-day simple moving average of $98.39 and a 200 day simple moving average of $89.86.

NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.73%. 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 40.95%.

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.