IFP Advisors Inc Trims Holdings in NRG Energy, Inc. (NYSE:NRG)

IFP Advisors Inc decreased its holdings in NRG Energy, Inc. (NYSE:NRG) by 8.1% in the 4th quarter, Holdings Channel reports. The firm owned 4,963 shares of the utilities provider’s stock after selling 439 shares during the period. IFP Advisors Inc’s holdings in NRG Energy were worth $450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of NRG. Private Advisor Group LLC raised its position in NRG Energy by 27.3% in the 3rd quarter. Private Advisor Group LLC now owns 5,863 shares of the utilities provider’s stock valued at $534,000 after purchasing an additional 1,256 shares during the last quarter. State of Alaska Department of Revenue raised its position in NRG Energy by 5.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 23,978 shares of the utilities provider’s stock valued at $2,184,000 after purchasing an additional 1,300 shares during the last quarter. abrdn plc raised its position in NRG Energy by 4.8% in the 3rd quarter. abrdn plc now owns 91,780 shares of the utilities provider’s stock valued at $8,421,000 after purchasing an additional 4,217 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in NRG Energy in the 3rd quarter valued at $216,000. Finally, First Trust Direct Indexing L.P. increased its stake in NRG Energy by 6.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 7,260 shares of the utilities provider’s stock valued at $661,000 after buying an additional 422 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NRG. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. BMO Capital Markets boosted their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. StockNews.com raised shares of NRG Energy from a “hold” rating to a “buy” rating in a research note on Friday. Guggenheim boosted their price objective on shares of NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Wells Fargo & Company boosted their price objective on shares of NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, NRG Energy has a consensus rating of “Moderate Buy” and a consensus price target of $121.14.

Insider Activity at NRG Energy

In related news, CFO Bruce Chung sold 20,000 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $97.63, for a total value of $1,952,600.00. Following 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 represents a 22.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert J. Gaudette sold 60,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the completion of the sale, the vice president now directly owns 64,448 shares in the company, valued at approximately $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. 0.61% of the stock is owned by corporate insiders.

NRG Energy Stock Performance

NYSE:NRG opened at $105.73 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. NRG Energy, Inc. has a fifty-two week low of $54.12 and a fifty-two week high of $117.26. The stock has a market cap of $21.42 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 1.01 and a beta of 1.15. The firm’s fifty day simple moving average is $102.10 and its 200-day simple moving average is $93.63.

NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.44 per share. The ex-dividend date was 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 1.66%. NRG Energy’s dividend payout ratio is 44.22%.

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.