14,538 Shares in NRG Energy, Inc. (NYSE:NRG) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new position in shares of NRG Energy, Inc. (NYSE:NRG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,538 shares of the utilities provider’s stock, valued at approximately $1,312,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in NRG Energy during the 3rd quarter worth $26,000. Covestor Ltd increased its holdings 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 purchasing an additional 139 shares during the period. SBI Securities Co. Ltd. purchased a new position in NRG Energy during the 4th quarter worth $32,000. UMB Bank n.a. increased its holdings 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 purchasing an additional 228 shares during the period. Finally, RPg Family Wealth Advisory LLC purchased a new position in NRG Energy during the 3rd quarter worth $43,000. 97.72% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Bruce Chung sold 20,000 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now directly owns 69,454 shares in the company, valued at $6,780,794.02. The trade was a 22.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Robert J. Gaudette sold 60,000 shares of the business’s stock in a transaction 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 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 disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.

NRG Energy Trading Down 4.0 %

Shares of NYSE:NRG opened at $84.58 on Tuesday. NRG Energy, Inc. has a 12-month low of $59.50 and a 12-month high of $117.26. The business’s fifty day simple moving average is $102.25 and its 200-day simple moving average is $94.28. The company has a market capitalization of $16.75 billion, a PE ratio of 21.25, a P/E/G ratio of 1.01 and a beta of 1.13. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57.

NRG Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.08%. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, February 3rd. NRG Energy’s payout ratio is 35.92%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Evercore ISI upgraded NRG Energy from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and raised their price objective for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. BMO Capital Markets raised their price objective on NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a report on Monday, March 3rd. Guggenheim lifted their price target on NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $123.29.

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.