Jones Financial Companies Lllp Boosts Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Jones Financial Companies Lllp raised its holdings in NRG Energy, Inc. (NYSE:NRG) by 85.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,817 shares of the utilities provider’s stock after purchasing an additional 835 shares during the period. Jones Financial Companies Lllp’s holdings in NRG Energy were worth $164,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Everence Capital Management Inc. purchased a new position in NRG Energy during the fourth quarter valued at approximately $549,000. Meyer Handelman Co. grew its stake in 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 acquiring an additional 24,062 shares in the last quarter. Luxor Capital Group LP grew its stake in NRG Energy by 47.8% during the third quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider’s stock valued at $47,426,000 after acquiring an additional 168,267 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its stake in NRG Energy by 25.1% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider’s stock valued at $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% during 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 in the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insider Transactions at NRG Energy

In related news, VP Robert J. Gaudette sold 60,000 shares of the company’s stock in a transaction 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 directly owns 64,448 shares in the company, valued at $5,891,191.68. This represents a 48.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $97.63, for a total transaction 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. This represents a 22.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

NRG Energy Price Performance

NRG stock opened at $95.38 on Friday. The stock has a market cap of $18.89 billion, a PE ratio of 23.97, a P/E/G ratio of 1.01 and a beta of 1.13. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. NRG Energy, Inc. has a one year low of $62.56 and a one year high of $117.26. The firm has a 50 day simple moving average of $102.17 and a two-hundred day simple moving average of $94.36.

NRG Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.85%. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, February 3rd. NRG Energy’s payout ratio is presently 35.92%.

Analysts Set New Price Targets

Several brokerages recently commented on NRG. Guggenheim boosted their price objective on shares of NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and boosted their price objective for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Wells Fargo & Company boosted their price target on shares of NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Morgan Stanley boosted their price target on shares of NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Finally, Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $123.29.

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.