TFB Advisors LLC Sells 325 Shares of NRG Energy, Inc. (NYSE:NRG)

TFB Advisors LLC trimmed its position in NRG Energy, Inc. (NYSE:NRG) by 5.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,092 shares of the utilities provider’s stock after selling 325 shares during the period. TFB Advisors LLC’s holdings in NRG Energy were worth $550,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the stock in a transaction dated 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Bruce Chung sold 20,000 shares of the company’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 completion of the transaction, the chief financial officer now owns 69,454 shares of the company’s stock, valued at $6,780,794.02. The trade was a 22.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

NRG Energy Price Performance

NYSE:NRG opened at $104.79 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The stock has a market capitalization of $21.23 billion, a PE ratio of 26.33, a P/E/G ratio of 1.22 and a beta of 1.15. NRG Energy, Inc. has a 1-year low of $51.26 and a 1-year high of $115.38. The firm has a fifty day simple moving average of $98.82 and a 200 day simple moving average of $90.88.

NRG Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a $0.44 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a dividend yield of 1.68%. NRG Energy’s payout ratio is presently 44.22%.

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.