Wealthfront Advisers LLC Has $441,000 Holdings in NRG Energy, Inc. (NYSE:NRG)

Wealthfront Advisers LLC raised its stake in NRG Energy, Inc. (NYSE:NRG) by 22.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,888 shares of the utilities provider’s stock after acquiring an additional 905 shares during the period. Wealthfront Advisers LLC’s holdings in NRG Energy were worth $441,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NRG. Janney Montgomery Scott LLC grew its holdings in shares of NRG Energy by 32.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 9,765 shares of the utilities provider’s stock worth $890,000 after purchasing an additional 2,385 shares during the last quarter. Atria Investments Inc grew its stake in NRG Energy by 62.9% during the third quarter. Atria Investments Inc now owns 15,072 shares of the utilities provider’s stock worth $1,373,000 after buying an additional 5,819 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of NRG Energy during the third quarter worth approximately $431,000. CIBC Asset Management Inc raised its stake in shares of NRG Energy by 7.6% in the third quarter. CIBC Asset Management Inc now owns 30,164 shares of the utilities provider’s stock valued at $2,748,000 after acquiring an additional 2,131 shares during the last quarter. Finally, Natixis Advisors LLC boosted its holdings in shares of NRG Energy by 4.8% in the 3rd quarter. Natixis Advisors LLC now owns 163,131 shares of the utilities provider’s stock worth $14,861,000 after acquiring an additional 7,492 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NRG has been the subject of a number of recent analyst reports. Guggenheim raised their price target on NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, February 27th. StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. BMO Capital Markets raised their price target on shares of NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a report on Monday, March 3rd. Wells Fargo & Company upped their price objective on NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Finally, Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and lifted their target price for the company 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.29.

NRG Energy Stock Up 4.9 %

NYSE:NRG opened at $95.38 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a 12-month low of $63.84 and a 12-month high of $117.26. The stock’s fifty day simple moving average is $102.17 and its 200-day simple moving average is $94.53. The firm has a market capitalization of $19.43 billion, a P/E ratio of 23.97, a P/E/G ratio of 1.01 and a beta of 1.13.

NRG Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.85%. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s dividend payout ratio (DPR) is 35.92%.

Insiders Place Their Bets

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the firm’s stock in a transaction dated 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 transaction, the vice president now owns 64,448 shares in the company, valued at approximately $5,891,191.68. This trade represents a 48.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bruce Chung sold 20,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now owns 69,454 shares in the company, valued at approximately $6,780,794.02. This trade represents a 22.36 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

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.