Greenleaf Trust Has $773,000 Stock Position in NRG Energy, Inc. (NYSE:NRG)

Greenleaf Trust boosted its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,568 shares of the utilities provider’s stock after buying an additional 159 shares during the quarter. Greenleaf Trust’s holdings in NRG Energy were worth $773,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of the 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 completion of the sale, the chief financial officer now owns 69,454 shares of the company’s stock, valued at approximately $6,780,794.02. This represents a 22.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the vice president now owns 64,448 shares in the company, valued at $5,891,191.68. This trade represents a 48.21 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

NRG Energy Stock Down 0.9 %

Shares of NYSE NRG opened at $101.71 on Wednesday. NRG Energy, Inc. has a 1 year low of $51.26 and a 1 year high of $115.38. 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 firm has a market cap of $20.60 billion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 1.21 and a beta of 1.15. The company has a 50 day simple moving average of $98.39 and a 200 day simple moving average of $89.86.

NRG Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Monday, February 3rd. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s payout ratio is 40.95%.

Analysts Set New Price Targets

NRG has been the subject of several research analyst reports. Guggenheim boosted their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. 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 report on Tuesday, November 19th. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Finally, 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. Three research analysts have rated the stock with a hold rating and five have given 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 target price 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.