United Capital Financial Advisors LLC Decreases Position in NRG Energy, Inc. (NYSE:NRG)

United Capital Financial Advisors LLC trimmed its stake in NRG Energy, Inc. (NYSE:NRG) by 18.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,699 shares of the utilities provider’s stock after selling 863 shares during the period. United Capital Financial Advisors LLC’s holdings in NRG Energy were worth $334,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of NRG. Banco Santander S.A. lifted its position in NRG Energy by 0.3% in the fourth quarter. Banco Santander S.A. now owns 2,828,000 shares of the utilities provider’s stock worth $255,142,000 after buying an additional 7,500 shares during the last quarter. Appaloosa LP lifted its holdings in shares of NRG Energy by 81.5% in the 4th quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider’s stock worth $163,749,000 after acquiring an additional 815,180 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of NRG Energy by 1,010.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider’s stock worth $140,504,000 after purchasing an additional 1,417,057 shares during the period. Russell Investments Group Ltd. grew its holdings in NRG Energy by 4.2% during the 4th quarter. Russell Investments Group Ltd. now owns 1,414,186 shares of the utilities provider’s stock valued at $127,614,000 after purchasing an additional 56,944 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in NRG Energy by 3.1% in the 4th quarter. Prudential Financial Inc. now owns 1,374,245 shares of the utilities provider’s stock worth $123,984,000 after purchasing an additional 41,094 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Price Performance

Shares of NRG opened at $93.06 on Tuesday. The stock has a market capitalization of $18.95 billion, a PE ratio of 23.38, a PEG ratio of 1.01 and a beta of 1.10. The company has a 50 day moving average price of $97.99 and a 200-day moving average price of $96.58. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $117.26.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, May 1st. This represents a $1.76 annualized dividend and a yield of 1.89%. NRG Energy’s dividend payout ratio (DPR) is presently 35.92%.

Wall Street Analyst Weigh In

NRG has been the topic of a number of analyst reports. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Guggenheim increased their target price on NRG Energy from $134.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Evercore ISI upgraded NRG Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Wells Fargo & Company upped their price target on shares of NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Finally, Morgan Stanley lifted their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.

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.