FCG Investment Co Has $1.13 Million Stake in NRG Energy, Inc. (NYSE:NRG)

FCG Investment Co lifted its position in shares of NRG Energy, Inc. (NYSE:NRG) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,501 shares of the utilities provider’s stock after buying an additional 592 shares during the period. FCG Investment Co’s holdings in NRG Energy were worth $1,128,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in shares of NRG Energy during the 3rd quarter worth approximately $26,000. Covestor Ltd boosted its holdings in NRG Energy by 74.7% during the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 139 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in NRG Energy in the third quarter valued at $35,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in NRG Energy in the 3rd quarter valued at $36,000. Finally, UMB Bank n.a. lifted its position in NRG Energy by 100.4% during the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock worth $41,000 after buying an additional 228 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NRG has been the subject of several analyst reports. Wells Fargo & Company raised their price objective on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, November 11th. BMO Capital Markets raised their price target 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. Guggenheim upped their price objective on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and raised their target price for the company from $74.00 to $126.00 in a research note on Tuesday. Finally, Citigroup upped their price target on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $111.43.

Insider Buying and Selling

In other news, VP Robert J. Gaudette sold 60,000 shares of the business’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 sale, the vice president now owns 64,448 shares in the company, valued at $5,891,191.68. The trade was a 48.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 transaction, the chief financial officer now directly owns 69,454 shares in the company, valued at $6,780,794.02. The trade was a 22.36 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by insiders.

NRG Energy Trading Up 0.1 %

Shares of NRG Energy stock opened at $110.45 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. The business has a fifty day simple moving average of $97.12 and a two-hundred day simple moving average of $88.23. NRG Energy, Inc. has a 1 year low of $51.26 and a 1 year high of $115.38. The company has a market capitalization of $22.37 billion, a price-to-earnings ratio of 27.75, a P/E/G ratio of 1.30 and a beta of 1.15.

NRG Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a dividend of $0.44 per share. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date is Monday, February 3rd. This represents a $1.76 annualized dividend and a dividend yield of 1.59%. NRG Energy’s payout ratio is presently 40.95%.

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.