6,061 Shares in NRG Energy, Inc. (NYSE:NRG) Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC acquired a new position in shares of NRG Energy, Inc. (NYSE:NRG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,061 shares of the utilities provider’s stock, valued at approximately $313,000.

A number of other institutional investors have also recently added to or reduced their stakes in NRG. Charles Schwab Investment Management Inc. boosted its holdings in NRG Energy by 145.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,746,180 shares of the utilities provider’s stock worth $182,064,000 after buying an additional 2,812,434 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new stake in NRG Energy during the first quarter worth about $49,072,000. Hudson Bay Capital Management LP boosted its holdings in NRG Energy by 326.7% during the first quarter. Hudson Bay Capital Management LP now owns 1,600,000 shares of the utilities provider’s stock worth $54,864,000 after buying an additional 1,225,000 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its holdings in NRG Energy by 3,477.2% during the third quarter. Schonfeld Strategic Advisors LLC now owns 976,589 shares of the utilities provider’s stock worth $37,618,000 after buying an additional 949,289 shares in the last quarter. Finally, Barclays PLC boosted its holdings in NRG Energy by 25.7% during the second quarter. Barclays PLC now owns 4,356,780 shares of the utilities provider’s stock worth $162,899,000 after buying an additional 891,443 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insider Buying and Selling

In related news, VP Rasesh M. Patel sold 49,092 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $62.59, for a total transaction of $3,072,668.28. Following the completion of the transaction, the vice president now owns 356,962 shares of the company’s stock, valued at $22,342,251.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.86% of the stock is currently owned by company insiders.

NRG Energy Stock Performance

NYSE:NRG opened at $70.52 on Friday. The firm has a 50 day simple moving average of $62.81 and a 200-day simple moving average of $52.79. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.02 and a quick ratio of 0.96. The firm has a market cap of $15.14 billion, a PE ratio of -65.91 and a beta of 1.13. NRG Energy, Inc. has a 1-year low of $30.52 and a 1-year high of $76.54.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.20. The business had revenue of $6.81 billion during the quarter, compared to analyst estimates of $7.51 billion. NRG Energy had a negative net margin of 0.70% and a positive return on equity of 44.03%. On average, equities analysts expect that NRG Energy, Inc. will post 5.39 EPS for the current year.

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.31%. NRG Energy’s dividend payout ratio is presently -152.34%.

Analysts Set New Price Targets

Several brokerages have issued reports on NRG. BMO Capital Markets upped their price target on shares of NRG Energy from $58.00 to $59.00 and gave the company a “market perform” rating in a report on Thursday, February 29th. Morgan Stanley upped their price target on shares of NRG Energy from $51.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, March 26th. Citigroup upped their price target on shares of NRG Energy from $52.00 to $62.00 and gave the company a “buy” rating in a report on Friday, March 1st. Wells Fargo & Company upped their price target on shares of NRG Energy from $78.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, March 25th. Finally, Evercore ISI upped their price target on shares of NRG Energy from $55.00 to $65.00 and gave the company an “in-line” rating in a report on Monday, March 18th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $59.50.

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.