SVB Wealth LLC Invests $657,000 in NRG Energy, Inc. (NYSE:NRG)

SVB Wealth LLC acquired a new stake in NRG Energy, Inc. (NYSE:NRG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 7,283 shares of the utilities provider’s stock, valued at approximately $657,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in shares of NRG Energy during the third quarter worth approximately $26,000. Covestor Ltd boosted 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 acquiring an additional 139 shares during the period. Harbor Capital Advisors Inc. bought a new position in shares of NRG Energy in the third quarter worth $35,000. UMB Bank n.a. increased its holdings in shares of NRG Energy by 100.4% during the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 228 shares during the period. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of NRG Energy during the third quarter valued at about $43,000. Institutional investors own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

NRG has been the subject of a number of recent analyst reports. Morgan Stanley increased their target price on shares of NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. Guggenheim raised 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, February 27th. BMO Capital Markets upped their target price on NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a research report on Monday. StockNews.com raised NRG Energy from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and raised their target price for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, NRG Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.29.

Insider Buying and Selling

In related news, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now owns 69,454 shares in the company, 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 can be accessed through the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of the firm’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 transaction of $5,484,600.00. Following the completion of the transaction, the vice president now directly 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 disclosure for this sale can be found here. 0.86% of the stock is currently owned by company insiders.

NRG Energy Price Performance

Shares of NYSE:NRG opened at $100.13 on Tuesday. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The company has a market capitalization of $19.83 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 1.01 and a beta of 1.15. The stock has a fifty day moving average of $102.26 and a 200-day moving average of $93.92. NRG Energy, Inc. has a one year low of $55.96 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. Investors of record on Monday, February 3rd were given a $0.44 dividend. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.76%. NRG Energy’s dividend payout ratio (DPR) is 35.92%.

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.