Choreo LLC Sells 733 Shares of NRG Energy, Inc. (NYSE:NRG)

Choreo LLC reduced its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 10.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,123 shares of the utilities provider’s stock after selling 733 shares during the period. Choreo LLC’s holdings in NRG Energy were worth $563,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in NRG. Everence Capital Management Inc. acquired a new stake in NRG Energy in the fourth quarter worth $549,000. Meyer Handelman Co. increased its position in 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 buying an additional 24,062 shares in the last quarter. Luxor Capital Group LP raised its stake in NRG Energy by 47.8% during the 3rd quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider’s stock worth $47,426,000 after buying an additional 168,267 shares during the period. Pine Valley Investments Ltd Liability Co boosted its holdings in 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 acquiring an additional 10,031 shares in the last quarter. Finally, Bank of Hawaii grew its stake in NRG Energy by 95.5% in the third 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 during the period. 97.72% of the stock is owned by institutional investors.

NRG Energy Trading Down 0.4 %

Shares of NRG stock opened at $104.79 on Wednesday. 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 $98.82 and a two-hundred day simple moving average of $90.88. 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 $21.23 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 1.22 and a beta of 1.15.

NRG Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.68%. 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 presently 44.22%.

Insider Buying and Selling

In other news, VP Robert J. Gaudette sold 60,000 shares of the firm’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 transaction of $5,484,600.00. Following the completion of the sale, the vice president now owns 64,448 shares in the company, valued at $5,891,191.68. This trade represents a 48.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction that occurred on Monday, January 13th. The stock was 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 directly owns 69,454 shares in the company, valued at $6,780,794.02. This trade represents a 22.36 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.