NRG Energy, Inc. (NYSE:NRG) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its holdings in NRG Energy, Inc. (NYSE:NRG) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,883 shares of the utilities provider’s stock after selling 2,242 shares during the period. Amalgamated Bank’s holdings in NRG Energy were worth $3,779,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in shares of NRG Energy in the 3rd quarter valued at $26,000. Covestor Ltd raised its holdings in NRG Energy by 74.7% in the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after buying an additional 139 shares during the period. Harbor Capital Advisors Inc. acquired a new position in NRG Energy in the third quarter valued at about $35,000. UMB Bank n.a. boosted its stake in NRG Energy by 100.4% during the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock worth $41,000 after buying an additional 228 shares during the period. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of NRG Energy during the third quarter valued at about $43,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Trading Up 0.6 %

NYSE:NRG opened at $105.73 on Friday. NRG Energy, Inc. has a 12-month low of $54.12 and a 12-month high of $117.26. The firm has a market cap of $21.42 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 1.01 and a beta of 1.15. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The stock has a fifty day moving average price of $102.10 and a 200 day moving average price of $93.63.

NRG Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.66%. NRG Energy’s payout ratio is currently 44.22%.

Wall Street Analysts Forecast Growth

NRG has been the topic of several recent analyst reports. Evercore ISI upgraded shares of NRG Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. StockNews.com upgraded NRG Energy from a “hold” rating to a “buy” rating in a research note on Friday. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. BMO Capital Markets increased their target price on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 19th. Finally, Guggenheim raised their target price on NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $121.14.

Insider Buying and Selling

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of NRG Energy stock in a transaction dated 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Bruce Chung sold 20,000 shares of the stock in a transaction dated 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 owns 69,454 shares in the company, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

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.