Carret Asset Management LLC Has $682,000 Stake in NRG Energy, Inc. (NYSE:NRG)

Carret Asset Management LLC trimmed its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 4.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,554 shares of the utilities provider’s stock after selling 345 shares during the period. Carret Asset Management LLC’s holdings in NRG Energy were worth $682,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NRG. Ashton Thomas Securities LLC acquired a new stake in shares of NRG Energy in the 3rd quarter valued at $26,000. Covestor Ltd increased its stake in shares of 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. SBI Securities Co. Ltd. acquired a new stake in shares of NRG Energy in the 4th quarter valued at $32,000. UMB Bank n.a. increased its stake in shares of NRG Energy by 100.4% in the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock valued at $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 in the 3rd quarter valued at $43,000. 97.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Bruce Chung sold 20,000 shares of the business’s stock in a transaction dated 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of the business’s stock in a transaction dated 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 trade represents a 48.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NRG shares. Wells Fargo & Company lifted their price objective on NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. BMO Capital Markets lifted their price objective on NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a research note on Monday, March 3rd. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. Guggenheim lifted their price objective on NRG Energy from $134.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, Morgan Stanley lifted their price objective on NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Three equities research 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 has an average rating of “Moderate Buy” and an average price target of $123.29.

NRG Energy Stock Performance

Shares of NRG Energy stock opened at $95.38 on Friday. The firm has a market cap of $18.89 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. The stock’s 50-day moving average is $102.17 and its 200-day moving average is $94.36. NRG Energy, Inc. has a one year low of $62.56 and a one year high of $117.26. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10.

NRG Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.85%. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, February 3rd. NRG Energy’s payout ratio is 35.92%.

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.