Stratos Wealth Partners LTD. Has $244,000 Position in NRG Energy, Inc. (NYSE:NRG)

Stratos Wealth Partners LTD. grew its position in NRG Energy, Inc. (NYSE:NRG) by 11.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,707 shares of the utilities provider’s stock after purchasing an additional 281 shares during the period. Stratos Wealth Partners LTD.’s holdings in NRG Energy were worth $244,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its stake in NRG Energy by 1,010.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider’s stock worth $140,504,000 after buying an additional 1,417,057 shares during the period. Los Angeles Capital Management LLC raised its position in shares of NRG Energy by 32,962.3% during the third quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider’s stock worth $95,901,000 after purchasing an additional 1,049,521 shares during the period. Bridgewater Associates LP raised its position in shares of NRG Energy by 352.9% during the third quarter. Bridgewater Associates LP now owns 804,801 shares of the utilities provider’s stock worth $73,317,000 after purchasing an additional 627,121 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of NRG Energy by 52.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,330,706 shares of the utilities provider’s stock valued at $121,227,000 after purchasing an additional 456,573 shares in the last quarter. Finally, Assetmark Inc. increased its stake in NRG Energy by 109.2% during the 3rd quarter. Assetmark Inc. now owns 746,994 shares of the utilities provider’s stock worth $68,051,000 after purchasing an additional 389,997 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

Insider Transactions 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 completion of the transaction, the chief financial officer now directly owns 69,454 shares in the company, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert J. Gaudette sold 60,000 shares of NRG Energy stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total value of $5,484,600.00. Following the completion of the transaction, the vice president now owns 64,448 shares in the company, valued at approximately $5,891,191.68. The trade was a 48.21 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

NRG Energy Stock Up 3.4 %

NRG opened at $106.17 on Friday. The stock’s fifty day simple moving average is $98.95 and its 200 day simple moving average is $91.06. NRG Energy, Inc. has a 1-year low of $51.42 and a 1-year high of $115.38. The stock has a market cap of $21.51 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 1.22 and a beta of 1.15. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57.

NRG Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.66%. 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 currently 44.22%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Citigroup raised their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Evercore ISI raised NRG Energy from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Wells Fargo & Company boosted their price target on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, November 11th. BMO Capital Markets increased their price objective on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Finally, Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and boosted their target price for the company 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.com, the company currently has an average rating of “Moderate Buy” and an average 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.