Mather Group LLC. Purchases 125 Shares of NRG Energy, Inc. (NYSE:NRG)

Mather Group LLC. raised its stake in NRG Energy, Inc. (NYSE:NRG) by 18.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 803 shares of the utilities provider’s stock after acquiring an additional 125 shares during the period. Mather Group LLC.’s holdings in NRG Energy were worth $72,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in NRG Energy in the 3rd quarter valued at $26,000. Covestor Ltd increased its holdings in NRG Energy by 74.7% in the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 139 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in NRG Energy in the 3rd quarter valued at $35,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in NRG Energy in the 3rd quarter valued at $36,000. Finally, UMB Bank n.a. increased its holdings in NRG Energy by 100.4% in the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 228 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

NRG Energy Price Performance

NRG stock opened at $102.96 on Friday. NRG Energy, Inc. has a 12 month low of $51.26 and a 12 month high of $115.38. 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 company has a 50-day moving average price of $98.59 and a 200 day moving average price of $90.22. The stock has a market cap of $20.86 billion, a PE ratio of 25.87, a P/E/G ratio of 1.21 and a beta of 1.15.

NRG Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a dividend of $0.44 per share. The ex-dividend date is Monday, February 3rd. This is a boost 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 1.71%. NRG Energy’s payout ratio is currently 44.22%.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the business’s stock in a transaction dated 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 directly owns 64,448 shares of the company’s stock, valued at $5,891,191.68. The trade was a 48.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the completion of the sale, the chief financial officer now directly owns 69,454 shares of the company’s stock, valued at approximately $6,780,794.02. This trade represents 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 corporate insiders.

About NRG Energy

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.