EverSource Wealth Advisors LLC Raises Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

EverSource Wealth Advisors LLC raised its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 8.9% in the 4th quarter, HoldingsChannel reports. The firm owned 3,133 shares of the utilities provider’s stock after purchasing an additional 257 shares during the period. EverSource Wealth Advisors LLC’s holdings in NRG Energy were worth $283,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Covestor Ltd lifted its holdings in shares of NRG Energy by 74.7% during the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 139 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in NRG Energy during the fourth quarter worth about $32,000. UMB Bank n.a. boosted its holdings in shares of NRG Energy by 100.4% in the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 228 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new position in shares of NRG Energy during the 3rd quarter valued at about $43,000. Finally, Princeton Global Asset Management LLC lifted its position in NRG Energy by 414.9% in the 4th quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider’s stock worth $44,000 after buying an additional 390 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Price Performance

Shares of NRG stock opened at $95.38 on Friday. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. NRG Energy, Inc. has a fifty-two week low of $63.84 and a fifty-two week high of $117.26. The firm has a market cap 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. The business’s 50 day moving average price is $102.17 and its 200-day moving average price is $94.43.

NRG Energy Increases Dividend

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

Analysts Set New Price Targets

Several research firms have commented on NRG. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Morgan Stanley lifted their price objective on NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and raised their price target for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. Finally, BMO Capital Markets boosted their price objective on NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a research report on Monday, March 3rd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, NRG Energy currently has an average rating of “Moderate Buy” and an average target price of $123.29.

Insiders Place Their Bets

In related news, CFO Bruce Chung sold 20,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $6,780,794.02. This represents a 22.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 completion of the sale, the vice president now owns 64,448 shares of the company’s stock, valued at $5,891,191.68. This trade 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 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.