Invesco LLC Trims Stock Position in NRG Energy, Inc. (NYSE:NRG)

Invesco LLC decreased its holdings in NRG Energy, Inc. (NYSE:NRG) by 6.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,564 shares of the utilities provider’s stock after selling 1,964 shares during the quarter. NRG Energy makes up approximately 1.0% of Invesco LLC’s holdings, making the stock its 27th largest holding. Invesco LLC’s holdings in NRG Energy were worth $2,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of NRG. M&T Bank Corp raised its stake in NRG Energy by 0.3% during the third quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider’s stock worth $3,481,000 after purchasing an additional 113 shares during the period. McIlrath & Eck LLC increased its holdings in shares of NRG Energy by 4.5% during the 3rd 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. Castle Rock Wealth Management LLC boosted its holdings in NRG Energy by 3.5% in the third quarter. Castle Rock Wealth Management LLC now owns 3,746 shares of the utilities provider’s stock valued at $356,000 after acquiring an additional 126 shares during the last quarter. Grove Bank & Trust grew its position in NRG Energy by 29.7% during the fourth quarter. Grove Bank & Trust now owns 564 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 129 shares during the period. Finally, Hanseatic Management Services Inc. increased its stake in NRG Energy by 12.0% during the fourth quarter. Hanseatic Management Services Inc. now owns 1,244 shares of the utilities provider’s stock worth $112,000 after acquiring an additional 133 shares during the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the sale, the chief financial officer now owns 69,454 shares of the company’s stock, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total value 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 represents 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 company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NRG shares. BMO Capital Markets increased their target price on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 19th. Evercore ISI upgraded shares of NRG Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and raised their price objective for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. Citigroup raised their target price on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Guggenheim lifted their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, NRG Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.43.

NRG Energy Stock Performance

NYSE NRG traded up $0.46 during trading hours on Wednesday, reaching $101.33. The company’s stock had a trading volume of 183,319 shares, compared to its average volume of 3,368,984. The stock has a market cap of $20.53 billion, a PE ratio of 25.55, a PEG ratio of 1.30 and a beta of 1.15. The business has a 50-day simple moving average of $97.73 and a 200 day simple moving average of $88.87. NRG Energy, Inc. has a 52 week low of $51.26 and a 52 week high of $115.38. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57.

NRG Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.74%. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s payout ratio is currently 40.95%.

NRG Energy Company 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.