Callan Family Office LLC Takes Position in NRG Energy, Inc. (NYSE:NRG)

Callan Family Office LLC bought a new position in NRG Energy, Inc. (NYSE:NRG) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 7,796 shares of the utilities provider’s stock, valued at approximately $703,000.

A number of other institutional investors also recently bought and sold shares of the stock. Ethos Financial Group LLC bought a new position in NRG Energy in the 4th quarter worth $90,000. Beacon Harbor Wealth Advisors Inc. bought a new position in NRG Energy in the 4th quarter worth $5,889,000. Inceptionr LLC raised its holdings in NRG Energy by 6.2% in the 4th quarter. Inceptionr LLC now owns 8,503 shares of the utilities provider’s stock worth $767,000 after purchasing an additional 498 shares during the period. Raymond James Financial Inc. bought a new position in NRG Energy in the 4th quarter worth $61,679,000. Finally, Arizona State Retirement System raised its holdings in NRG Energy by 0.4% in the 4th quarter. Arizona State Retirement System now owns 59,944 shares of the utilities provider’s stock worth $5,408,000 after purchasing an additional 215 shares during the period. 97.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. BMO Capital Markets increased their price target on NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a research note on Monday, March 3rd. Guggenheim increased their price target on NRG Energy from $134.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and increased their price target for the stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. Evercore ISI upgraded NRG Energy from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company increased their price target on NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $123.29.

Insider Activity

In related news, VP Robert J. Gaudette sold 60,000 shares of NRG Energy stock in a transaction dated 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 completion of the transaction, the vice president now owns 64,448 shares in the company, valued at approximately $5,891,191.68. This trade represents a 48.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of NRG Energy 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 approximately $6,780,794.02. This represents a 22.36 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

NRG Energy Trading Down 3.4 %

Shares of NRG Energy stock opened at $88.02 on Friday. The firm has a market cap of $17.43 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 1.01 and a beta of 1.13. The business has a 50-day moving average price of $102.41 and a 200-day moving average price of $94.18. 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 twelve month low of $59.50 and a twelve month high of $117.26.

NRG Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.44 per share. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.00%. NRG Energy’s dividend payout ratio (DPR) is presently 35.92%.

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.