NRG Energy, Inc. (NYSE:NRG) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC cut its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,536 shares of the utilities provider’s stock after selling 4,855 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.08% of NRG Energy worth $13,942,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Everence Capital Management Inc. purchased a new stake in NRG Energy during the fourth quarter worth about $549,000. Meyer Handelman Co. increased its stake in NRG Energy by 43.8% during the fourth quarter. Meyer Handelman Co. now owns 78,982 shares of the utilities provider’s stock worth $7,126,000 after purchasing an additional 24,062 shares during the period. Luxor Capital Group LP increased its stake in NRG Energy by 47.8% during the third quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider’s stock worth $47,426,000 after purchasing an additional 168,267 shares during the period. Pine Valley Investments Ltd Liability Co increased its stake in NRG Energy by 25.1% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider’s stock worth $4,557,000 after purchasing an additional 10,031 shares during the period. Finally, Bank of Hawaii increased its stake in NRG Energy by 95.5% during the third quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider’s stock worth $1,429,000 after purchasing an additional 7,662 shares during the period. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Stock Up 1.3 %

Shares of NYSE NRG opened at $107.64 on Monday. The business has a 50-day moving average price of $99.11 and a 200 day moving average price of $91.54. The stock has a market cap of $21.80 billion, a PE ratio of 27.05, a price-to-earnings-growth ratio of 1.22 and a beta of 1.15. 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 52-week low of $51.42 and a 52-week high of $115.38.

NRG Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.64%. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, February 3rd. NRG Energy’s payout ratio is presently 44.22%.

Insider Activity at NRG Energy

In related news, CFO Bruce Chung sold 20,000 shares of the business’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 $6,780,794.02. The trade was a 22.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total value of $5,484,600.00. Following 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 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

NRG has been the topic of a number of recent research reports. Jefferies Financial Group upgraded shares of 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 note on Tuesday, November 26th. Evercore ISI upgraded shares of NRG Energy from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. Wells Fargo & Company upped their target price 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. Citigroup upped their target price 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. Finally, BMO Capital Markets upped their target price 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. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $111.43.

NRG Energy 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.