NRG Energy, Inc. (NYSE:NRG) Shares Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC grew its holdings in NRG Energy, Inc. (NYSE:NRG) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,646 shares of the utilities provider’s stock after purchasing an additional 2,531 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in NRG Energy were worth $2,043,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NRG. Ashton Thomas Securities LLC purchased a new stake in shares of NRG Energy during the 3rd quarter worth about $26,000. Covestor Ltd boosted its stake in NRG Energy by 74.7% during 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. acquired a new position in NRG Energy in the third quarter worth about $35,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of NRG Energy during the third quarter worth $36,000. Finally, UMB Bank n.a. boosted its stake in NRG Energy by 100.4% in the fourth 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 period. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Stock Down 13.4 %

Shares of NRG Energy stock opened at $97.37 on Tuesday. The company has a market capitalization of $19.72 billion, a P/E ratio of 24.46, a price-to-earnings-growth ratio of 1.30 and a beta of 1.15. The business has a 50-day moving average of $97.61 and a two-hundred day moving average of $88.72. NRG Energy, Inc. has a 1 year low of $51.26 and a 1 year high of $115.38. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10.

NRG Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a $0.44 dividend. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Monday, February 3rd. NRG Energy’s payout ratio is currently 40.95%.

Insider Activity at NRG Energy

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the firm’s stock in a transaction 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 owns 64,448 shares in the company, valued at $5,891,191.68. This trade represents a 48.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Bruce Chung sold 20,000 shares of the firm’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 transaction, the chief financial officer now directly owns 69,454 shares in the company, valued at approximately $6,780,794.02. This 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 company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and raised their price target for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Wells Fargo & Company lifted their price target on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Guggenheim upped their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Citigroup raised their target price on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $111.43.

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.