TFB Advisors LLC Sells 325 Shares of NRG Energy, Inc. (NYSE:NRG)

TFB Advisors LLC decreased its position in shares of NRG Energy, Inc. (NYSE:NRG) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,092 shares of the utilities provider’s stock after selling 325 shares during the quarter. TFB Advisors LLC’s holdings in NRG Energy were worth $550,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in NRG. Everence Capital Management Inc. bought a new position in shares of NRG Energy in the 4th quarter valued at $549,000. Meyer Handelman Co. grew its holdings in shares of NRG Energy by 43.8% during the fourth quarter. Meyer Handelman Co. now owns 78,982 shares of the utilities provider’s stock worth $7,126,000 after purchasing an additional 24,062 shares during the last quarter. Luxor Capital Group LP increased its position in NRG Energy by 47.8% in the 3rd quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider’s stock valued at $47,426,000 after acquiring an additional 168,267 shares during the period. Pine Valley Investments Ltd Liability Co lifted its holdings in shares of NRG Energy by 25.1% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider’s stock worth $4,557,000 after purchasing an additional 10,031 shares during the period. Finally, Bank of Hawaii lifted its holdings in NRG Energy by 95.5% during the 3rd quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider’s stock worth $1,429,000 after buying an additional 7,662 shares during the period. Institutional investors own 97.72% of the company’s stock.

Insider Activity at NRG Energy

In related news, CFO Bruce Chung sold 20,000 shares of NRG Energy 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 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 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 stock in a transaction 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 transaction, the vice president now directly owns 64,448 shares of the company’s stock, 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. 0.86% of the stock is currently owned by insiders.

NRG Energy Trading Down 0.4 %

NYSE:NRG opened at $104.79 on Wednesday. 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, Inc. has a one year low of $51.26 and a one year high of $115.38. The company has a market cap of $21.23 billion, a PE ratio of 26.33, a PEG ratio of 1.22 and a beta of 1.15. The firm has a 50-day moving average of $98.82 and a 200-day moving average of $90.88.

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 given a dividend of $0.44 per share. This is a boost 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 1.68%. NRG Energy’s payout ratio is presently 44.22%.

Analyst Upgrades and Downgrades

NRG has been the subject of several recent analyst reports. BMO Capital Markets increased their price objective 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. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and boosted their price objective for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Evercore ISI raised NRG Energy from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. Citigroup boosted their price target on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company increased their price target on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.