30,458 Shares in NRG Energy, Inc. (NYSE:NRG) Acquired by Integras Partners LLC

Integras Partners LLC acquired a new position in shares of NRG Energy, Inc. (NYSE:NRG) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 30,458 shares of the utilities provider’s stock, valued at approximately $2,748,000. NRG Energy makes up 2.3% of Integras Partners LLC’s portfolio, making the stock its 17th biggest position.

Several other large investors have also recently modified their holdings of the company. M&T Bank Corp raised its stake in shares of NRG Energy by 0.3% during the 3rd quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider’s stock worth $3,481,000 after acquiring an additional 113 shares in the last quarter. McIlrath & Eck LLC raised its holdings in shares of NRG Energy by 4.5% in the third quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider’s stock worth $240,000 after buying an additional 113 shares during the last quarter. Schechter Investment Advisors LLC raised its holdings in shares of NRG Energy by 0.8% in the fourth quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider’s stock worth $1,436,000 after buying an additional 120 shares during the last quarter. Mather Group LLC. raised its holdings in shares of NRG Energy by 18.4% in the fourth quarter. Mather Group LLC. now owns 803 shares of the utilities provider’s stock worth $72,000 after buying an additional 125 shares during the last quarter. Finally, Grove Bank & Trust raised its holdings in shares of 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 buying an additional 129 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.

Insider Activity at NRG Energy

In other news, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction dated 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 sale, the chief financial officer now owns 69,454 shares in the company, valued at $6,780,794.02. This trade represents a 22.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Robert J. Gaudette sold 60,000 shares of NRG Energy stock in a transaction dated Thursday, January 2nd. The shares were 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 owns 64,448 shares in the company, valued at approximately $5,891,191.68. This trade represents a 48.21 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and raised their price target for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. Guggenheim raised their price target on shares of NRG Energy from $134.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, Wells Fargo & Company increased their price objective on shares of NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $123.29.

NRG Energy Stock Down 1.4 %

NRG stock opened at $91.17 on Friday. The firm has a market cap of $18.06 billion, a PE ratio of 22.91, a P/E/G ratio of 1.01 and a beta of 1.13. 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 firm’s fifty day moving average is $102.26 and its 200 day moving average is $94.30. NRG Energy, Inc. has a one year low of $62.40 and a one year high of $117.26.

NRG Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s dividend payout ratio (DPR) is currently 35.92%.

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.