United Capital Management of KS Inc. Sells 2,065 Shares of NRG Energy, Inc. (NYSE:NRG)

United Capital Management of KS Inc. lessened its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,466 shares of the utilities provider’s stock after selling 2,065 shares during the period. United Capital Management of KS Inc.’s holdings in NRG Energy were worth $3,290,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Integras Partners LLC bought a new position in shares of NRG Energy during the 4th quarter valued at about $2,748,000. Appaloosa LP lifted its stake in NRG Energy by 81.5% in the 4th quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider’s stock valued at $163,749,000 after acquiring an additional 815,180 shares in the last quarter. Mercuria Capital Strategies LLC bought a new stake in NRG Energy in the 4th quarter valued at approximately $5,413,000. Achmea Investment Management B.V. lifted its stake in NRG Energy by 18.9% in the 4th quarter. Achmea Investment Management B.V. now owns 217,095 shares of the utilities provider’s stock valued at $19,586,000 after acquiring an additional 34,584 shares in the last quarter. Finally, Avantax Advisory Services Inc. lifted its stake in NRG Energy by 9.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 4,750 shares of the utilities provider’s stock valued at $429,000 after acquiring an additional 411 shares in the last quarter. Institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Up 4.9 %

NYSE:NRG opened at $95.38 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The firm has a market capitalization of $18.89 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. NRG Energy, Inc. has a twelve month low of $62.56 and a twelve month high of $117.26. The stock’s 50 day moving average price is $102.17 and its two-hundred day moving average price is $94.36.

NRG Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors 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 is a positive change from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.85%. NRG Energy’s payout ratio is presently 35.92%.

Insider Buying and Selling

In related news, VP Robert J. Gaudette sold 60,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 64,448 shares of the company’s stock, valued at approximately $5,891,191.68. The trade was a 48.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bruce Chung sold 20,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 69,454 shares in the company, 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 owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NRG shares. Evercore ISI upgraded NRG Energy from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Morgan Stanley boosted their target price on NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. Finally, Wells Fargo & Company boosted their price target on NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $123.29.

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.