Gulf International Bank UK Ltd Has $1.45 Million Stock Position in NRG Energy, Inc. (NYSE:NRG)

Gulf International Bank UK Ltd decreased its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,037 shares of the utilities provider’s stock after selling 192 shares during the period. Gulf International Bank UK Ltd’s holdings in NRG Energy were worth $1,446,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in NRG Energy during the 3rd quarter worth about $26,000. Covestor Ltd lifted its position in NRG Energy by 74.7% during the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after buying an additional 139 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in NRG Energy during the 3rd quarter worth about $35,000. UMB Bank n.a. lifted its position in NRG Energy by 100.4% during the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock worth $41,000 after buying an additional 228 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC acquired a new position in NRG Energy during the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insider Activity

In related news, CFO Bruce Chung sold 20,000 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was 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 represents a 22.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 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. 0.86% of the stock is currently owned by company insiders.

NRG Energy Stock Performance

Shares of NRG stock opened at $105.73 on Friday. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The stock has a market cap of $20.94 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 1.01 and a beta of 1.15. The stock has a 50-day moving average of $102.10 and a 200-day moving average of $93.72. NRG Energy, Inc. has a one year low of $54.12 and a one year high of $117.26.

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 $0.44 dividend. 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 35.92%.

Analysts Set New Price Targets

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

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.