Hartford Investment Management Co. Sells 526 Shares of NRG Energy, Inc. (NYSE:NRG)

Hartford Investment Management Co. decreased its position in shares of NRG Energy, Inc. (NYSE:NRG) by 4.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,595 shares of the utilities provider’s stock after selling 526 shares during the period. Hartford Investment Management Co.’s holdings in NRG Energy were worth $1,136,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised 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 purchasing an additional 1,417,057 shares during the period. Los Angeles Capital Management LLC increased its stake in NRG Energy by 32,962.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider’s stock worth $95,901,000 after buying an additional 1,049,521 shares in the last quarter. Bridgewater Associates LP raised its holdings in NRG Energy by 352.9% during the third quarter. Bridgewater Associates LP now owns 804,801 shares of the utilities provider’s stock valued at $73,317,000 after acquiring an additional 627,121 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of NRG Energy by 52.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,330,706 shares of the utilities provider’s stock valued at $121,227,000 after acquiring an additional 456,573 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in shares of NRG Energy by 109.2% in the third quarter. Assetmark Inc. now owns 746,994 shares of the utilities provider’s stock worth $68,051,000 after acquiring an additional 389,997 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 firm’s stock in a transaction 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 completion of the sale, the chief financial officer now directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert J. Gaudette sold 60,000 shares of NRG Energy 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

NRG Energy Price Performance

NRG Energy stock opened at $107.64 on Friday. NRG Energy, Inc. has a 52-week low of $51.42 and a 52-week high of $115.38. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The firm’s fifty day moving average is $99.11 and its 200 day moving average is $91.30. The company has a market cap of $21.80 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 1.22 and a beta of 1.15.

NRG Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.64%. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date is Monday, February 3rd. NRG Energy’s dividend payout ratio is currently 44.22%.

Analysts Set New Price Targets

Several analysts recently issued reports on NRG shares. BMO Capital Markets lifted their target price 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. Citigroup lifted their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Evercore ISI upgraded shares of NRG Energy from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Wells Fargo & Company lifted their price target on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and increased their price objective for the company from $93.00 to $113.00 in a report on Tuesday, November 26th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average 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.