Hedeker Wealth LLC Buys 219 Shares of NRG Energy, Inc. (NYSE:NRG)

Hedeker Wealth LLC raised its position in shares of NRG Energy, Inc. (NYSE:NRG) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 63,532 shares of the utilities provider’s stock after acquiring an additional 219 shares during the quarter. NRG Energy makes up approximately 1.4% of Hedeker Wealth LLC’s holdings, making the stock its 23rd largest position. Hedeker Wealth LLC’s holdings in NRG Energy were worth $5,732,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NRG. M&T Bank Corp lifted its holdings in NRG Energy by 0.3% in the third quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider’s stock valued at $3,481,000 after acquiring an additional 113 shares during the period. McIlrath & Eck LLC lifted its stake in shares of NRG Energy by 4.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider’s stock worth $240,000 after purchasing an additional 113 shares during the period. Mather Group LLC. grew its position in NRG Energy by 18.4% during the fourth quarter. Mather Group LLC. now owns 803 shares of the utilities provider’s stock valued at $72,000 after buying an additional 125 shares during the period. Castle Rock Wealth Management LLC increased its holdings in NRG Energy by 3.5% during the third quarter. Castle Rock Wealth Management LLC now owns 3,746 shares of the utilities provider’s stock valued at $356,000 after buying an additional 126 shares during the last quarter. Finally, Grove Bank & Trust raised its position in NRG Energy by 29.7% in the fourth quarter. Grove Bank & Trust now owns 564 shares of the utilities provider’s stock worth $51,000 after acquiring an additional 129 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insider Activity at NRG Energy

In related news, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were 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 approximately $6,780,794.02. This represents a 22.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Robert J. Gaudette sold 60,000 shares of the firm’s stock in a transaction dated 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 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 position. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.

NRG Energy Stock Performance

NYSE NRG opened at $103.32 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. NRG Energy, Inc. has a 1-year low of $51.26 and a 1-year high of $115.38. The business has a 50 day simple moving average of $98.56 and a two-hundred day simple moving average of $90.04. The stock has a market capitalization of $20.93 billion, a PE ratio of 25.96, a P/E/G ratio of 1.21 and a beta of 1.15.

NRG Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.70%. The ex-dividend date is Monday, February 3rd. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s payout ratio is currently 40.95%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NRG shares. Evercore ISI upgraded NRG Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $74.00 to $126.00 in a research note 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 report on Monday, November 11th. Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and boosted their price objective for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Citigroup increased their price target on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets boosted their price target on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $111.43.

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.