SteelPeak Wealth LLC Acquires Shares of 26,799 NRG Energy, Inc. (NYSE:NRG)

SteelPeak Wealth LLC bought a new position in NRG Energy, Inc. (NYSE:NRG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 26,799 shares of the utilities provider’s stock, valued at approximately $2,418,000.

Other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in shares of NRG Energy during the third quarter worth $26,000. Covestor Ltd raised its stake in shares of 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 in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of NRG Energy during the 3rd quarter valued at about $35,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of NRG Energy in the 3rd quarter valued at approximately $36,000. Finally, UMB Bank n.a. increased its holdings in NRG Energy by 100.4% in the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock worth $41,000 after buying an additional 228 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Trading Up 3.8 %

NRG Energy stock opened at $101.15 on Wednesday. The firm has a market capitalization of $20.49 billion, a PE ratio of 25.41, a PEG ratio of 1.30 and a beta of 1.15. The business’s 50-day simple moving average is $97.73 and its 200-day simple moving average is $88.87. 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 52 week low of $51.26 and a 52 week high of $115.38.

NRG Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.74%. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, February 3rd. NRG Energy’s dividend payout ratio is currently 40.95%.

Analyst Ratings Changes

Several research analysts have recently commented on NRG shares. Citigroup increased their price target on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. Evercore ISI raised NRG Energy from an “in-line” rating to an “outperform” rating and boosted their price target 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 NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Finally, BMO Capital Markets raised their price objective on NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, NRG Energy currently has an average rating of “Moderate Buy” and an average target price of $111.43.

Insider Transactions at NRG Energy

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the company’s 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 completion of the transaction, the vice president now owns 64,448 shares of the company’s stock, valued at $5,891,191.68. This represents a 48.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction that occurred on Monday, January 13th. The stock was 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 in the company, valued at $6,780,794.02. The trade was a 22.36 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.

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.