EverSource Wealth Advisors LLC Buys 257 Shares of NRG Energy, Inc. (NYSE:NRG)

EverSource Wealth Advisors LLC grew its stake in NRG Energy, Inc. (NYSE:NRG) by 8.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,133 shares of the utilities provider’s stock after purchasing an additional 257 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in NRG Energy were worth $283,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Sequoia Financial Advisors LLC boosted its holdings in NRG Energy by 33.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 4,370 shares of the utilities provider’s stock worth $394,000 after acquiring an additional 1,094 shares during the last quarter. HighTower Advisors LLC boosted its holdings in NRG Energy by 37.6% during the fourth quarter. HighTower Advisors LLC now owns 43,650 shares of the utilities provider’s stock worth $3,938,000 after purchasing an additional 11,920 shares during the last quarter. Glaxis Capital Management LLC bought a new stake in NRG Energy in the 4th quarter worth about $1,398,000. DSC Meridian Capital LP increased its stake in NRG Energy by 32.2% in the 4th quarter. DSC Meridian Capital LP now owns 6,617 shares of the utilities provider’s stock valued at $597,000 after buying an additional 1,611 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its position in shares of NRG Energy by 22.7% during the 4th quarter. Wealthfront Advisers LLC now owns 4,888 shares of the utilities provider’s stock worth $441,000 after buying an additional 905 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wells Fargo & Company upped their target price on NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. StockNews.com lowered NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Morgan Stanley raised their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Finally, Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and boosted their target price for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $123.29.

Insider Activity

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the company’s 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 sale, the chief financial officer now owns 69,454 shares in the company, valued at approximately $6,780,794.02. This represents a 22.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.

NRG Energy Stock Performance

NYSE NRG opened at $95.38 on Friday. The firm has a market cap of $19.43 billion, a P/E ratio of 23.97, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The company’s 50 day moving average is $102.17 and its 200-day moving average is $94.43. NRG Energy, Inc. has a 12-month low of $63.84 and a 12-month high of $117.26.

NRG Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders 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 represents a $1.76 annualized dividend and a dividend yield of 1.85%. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s dividend payout ratio is currently 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.