NRG Energy, Inc. (NYSE:NRG) Shares Sold by Strategic Blueprint LLC

Strategic Blueprint LLC decreased its position in NRG Energy, Inc. (NYSE:NRG) by 7.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,272 shares of the utilities provider’s stock after selling 588 shares during the period. Strategic Blueprint LLC’s holdings in NRG Energy were worth $656,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC grew its holdings in NRG Energy by 6.2% during the third quarter. Geode Capital Management LLC now owns 5,399,098 shares of the utilities provider’s stock worth $494,225,000 after acquiring an additional 313,478 shares during the period. Banco Santander S.A. grew its position in NRG Energy by 0.9% during the third quarter. Banco Santander S.A. now owns 2,820,500 shares of the utilities provider’s stock worth $256,948,000 after buying an additional 24,834 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in NRG Energy by 7.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,663,441 shares of the utilities provider’s stock valued at $242,639,000 after buying an additional 182,481 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of NRG Energy by 1,010.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider’s stock valued at $140,504,000 after acquiring an additional 1,417,057 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of NRG Energy by 52.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,330,706 shares of the utilities provider’s stock worth $121,227,000 after acquiring an additional 456,573 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Trading Up 4.4 %

Shares of NRG stock opened at $104.95 on Friday. The firm’s 50-day simple moving average is $98.02 and its 200-day simple moving average is $89.07. 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 firm has a market cap of $21.26 billion, a P/E ratio of 26.37, a PEG ratio of 1.30 and a beta of 1.15.

NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is 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 44.22%.

Insider Activity

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction that occurred on 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 of the company’s stock, valued at $6,780,794.02. The trade was a 22.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Robert J. Gaudette sold 60,000 shares of the stock in a transaction 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 sale, the vice president now directly owns 64,448 shares of the company’s stock, valued at $5,891,191.68. The trade was a 48.21 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on NRG. Evercore ISI raised NRG Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. Guggenheim raised their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Wells Fargo & Company lifted their price objective on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, BMO Capital Markets lifted their price target on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.