Sanctuary Advisors LLC Buys 2,462 Shares of NRG Energy, Inc. (NYSE:NRG)

Sanctuary Advisors LLC raised its position in shares of NRG Energy, Inc. (NYSE:NRG) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,317 shares of the utilities provider’s stock after buying an additional 2,462 shares during the quarter. Sanctuary Advisors LLC’s holdings in NRG Energy were worth $8,960,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NRG. Assenagon Asset Management S.A. lifted its stake in shares of NRG Energy by 1,010.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider’s stock worth $140,504,000 after acquiring an additional 1,417,057 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in NRG Energy by 32,962.3% in the third quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider’s stock valued at $95,901,000 after buying an additional 1,049,521 shares during the last quarter. Bridgewater Associates LP raised its position in shares of NRG Energy by 352.9% in the 3rd quarter. Bridgewater Associates LP now owns 804,801 shares of the utilities provider’s stock valued at $73,317,000 after purchasing an additional 627,121 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of NRG Energy by 52.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,330,706 shares of the utilities provider’s stock valued at $121,227,000 after purchasing an additional 456,573 shares during the last quarter. Finally, Assetmark Inc. raised its position in NRG Energy by 109.2% during the 3rd quarter. Assetmark Inc. now owns 746,994 shares of the utilities provider’s stock worth $68,051,000 after buying an additional 389,997 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Bruce Chung sold 20,000 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the transaction, the chief financial officer now directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 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 company insiders.

NRG Energy Price Performance

Shares of NYSE NRG opened at $112.16 on Wednesday. NRG Energy, Inc. has a twelve month low of $51.42 and a twelve month high of $115.38. 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 stock has a 50 day moving average of $99.71 and a two-hundred day moving average of $92.07. The stock has a market cap of $22.72 billion, a P/E ratio of 28.18, a P/E/G ratio of 1.22 and a beta of 1.15.

NRG Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a $0.44 dividend. This is a boost 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 yield of 1.57%. NRG Energy’s dividend payout ratio is presently 44.22%.

Analysts Set New Price Targets

NRG has been the subject of a number of recent research reports. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and raised their price target for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. Wells Fargo & Company raised their price objective on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. BMO Capital Markets raised 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 note on Tuesday, November 19th. Citigroup raised their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $111.43.

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.