AMF Tjanstepension AB Has $7.64 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

AMF Tjanstepension AB trimmed its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 16.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,645 shares of the utilities provider’s stock after selling 17,226 shares during the quarter. AMF Tjanstepension AB’s holdings in NRG Energy were worth $7,642,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in shares of NRG Energy during the 3rd quarter worth about $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 acquiring an additional 139 shares during the period. SBI Securities Co. Ltd. bought a new position in NRG Energy in the 4th quarter valued at about $32,000. Harbor Capital Advisors Inc. bought a new position in NRG Energy in the 3rd quarter valued at about $35,000. Finally, UMB Bank n.a. raised its holdings in 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 acquiring an additional 228 shares during the period. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NRG has been the topic of several research analyst reports. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and increased their price target for the company from $93.00 to $113.00 in a report on Tuesday, November 26th. Morgan Stanley increased their price target on shares of NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Wells Fargo & Company increased their price target on shares of NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Guggenheim increased their target price on shares of NRG Energy from $134.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, BMO Capital Markets increased their target price on shares of NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a research report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $123.29.

Insider Buying and Selling

In related 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 value of $1,952,600.00. Following the completion of the transaction, the chief financial officer now owns 69,454 shares of the company’s stock, valued at $6,780,794.02. This represents a 22.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Robert J. Gaudette sold 60,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 directly owns 64,448 shares of the company’s stock, valued at approximately $5,891,191.68. The trade was a 48.21 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by company insiders.

NRG Energy Stock Performance

NYSE NRG opened at $88.02 on Friday. 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 firm has a market capitalization of $17.43 billion, a price-to-earnings ratio of 22.11, a P/E/G ratio of 1.01 and a beta of 1.13. The firm’s 50 day simple moving average is $102.41 and its 200 day simple moving average is $94.18. NRG Energy, Inc. has a 1 year low of $59.50 and a 1 year high of $117.26.

NRG Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.44 per share. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, February 3rd. This represents a $1.76 annualized dividend and a dividend yield of 2.00%. NRG Energy’s dividend payout ratio (DPR) is currently 35.92%.

NRG Energy 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.