NRG Energy, Inc. (NYSE:NRG) Shares Acquired by Keybank National Association OH

Keybank National Association OH grew its stake in NRG Energy, Inc. (NYSE:NRG) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,302 shares of the utilities provider’s stock after purchasing an additional 157 shares during the period. Keybank National Association OH’s holdings in NRG Energy were worth $298,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Everence Capital Management Inc. purchased a new stake in shares of NRG Energy in the fourth quarter valued at approximately $549,000. Meyer Handelman Co. boosted its stake in shares of NRG Energy by 43.8% in 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 in the last quarter. Luxor Capital Group LP boosted its stake in shares of NRG Energy by 47.8% in the third quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider’s stock valued at $47,426,000 after buying an additional 168,267 shares in the last quarter. Pine Valley Investments Ltd Liability Co boosted its stake 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 valued at $4,557,000 after buying an additional 10,031 shares in the last quarter. Finally, Bank of Hawaii boosted its stake in shares of 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 buying an additional 7,662 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Analysts Set New Price Targets

NRG has been the topic of a number of analyst reports. Evercore ISI upgraded 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. Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Guggenheim boosted their target price on NRG Energy from $134.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. BMO Capital Markets boosted their target price on NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a research report on Monday, March 3rd. Finally, Morgan Stanley boosted their target price on NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, NRG Energy has an average rating of “Moderate Buy” and an average target price of $123.29.

Insider Activity

In other news, CFO Bruce Chung sold 20,000 shares of the company’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 sale, the chief financial officer now directly owns 69,454 shares in the company, valued at $6,780,794.02. This represents a 22.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value 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 represents a 48.21 % 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 Stock Down 4.0 %

NRG opened at $84.58 on Tuesday. The business’s fifty day moving average is $102.25 and its two-hundred day moving average is $94.28. 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 cap of $16.75 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 1.01 and a beta of 1.13. NRG Energy, Inc. has a one year low of $59.50 and a one year high of $117.26.

NRG Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.44 dividend. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Monday, February 3rd. NRG Energy’s dividend payout ratio is currently 35.92%.

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.