Kingswood Wealth Advisors LLC Has $2.04 Million Stock Position in NRG Energy, Inc. (NYSE:NRG)

Kingswood Wealth Advisors LLC raised its stake in NRG Energy, Inc. (NYSE:NRG) by 12.6% in the 4th quarter, HoldingsChannel reports. The firm owned 22,646 shares of the utilities provider’s stock after acquiring an additional 2,531 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in NRG Energy were worth $2,043,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NRG. Ashton Thomas Securities LLC bought a new position in NRG Energy in the 3rd quarter valued at about $26,000. Covestor Ltd increased its position in shares of NRG Energy by 74.7% during the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 139 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in NRG Energy in the third quarter worth about $35,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of NRG Energy in the 3rd quarter worth approximately $36,000. Finally, UMB Bank n.a. lifted its position in shares of NRG Energy by 100.4% during 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 last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Stock Performance

NRG Energy stock opened at $97.37 on Tuesday. The stock has a market cap of $19.72 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 1.30 and a beta of 1.15. The stock’s 50 day simple moving average is $97.61 and its two-hundred day simple moving average is $88.72. NRG Energy, Inc. has a fifty-two week low of $51.26 and a fifty-two week high of $115.38. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17.

NRG Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a $0.44 dividend. The ex-dividend date of this dividend is 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 1.81%. NRG Energy’s dividend payout ratio is currently 40.95%.

Insider Buying and Selling at NRG Energy

In related news, VP Robert J. Gaudette sold 60,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 64,448 shares of the company’s stock, valued at approximately $5,891,191.68. This represents a 48.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the sale, the chief financial officer now directly 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 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and raised their price objective for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. Wells Fargo & Company upped their price objective on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Guggenheim lifted their price objective on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Citigroup upped their price target on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.