NRG Energy, Inc. $NRG Shares Bought by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lifted its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 127.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,054 shares of the utilities provider’s stock after buying an additional 3,397 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in NRG Energy were worth $980,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in NRG. Quent Capital LLC purchased a new position in NRG Energy during the third quarter valued at $25,000. Bank of Jackson Hole Trust purchased a new position in NRG Energy in the 2nd quarter valued at about $28,000. Atlantic Union Bankshares Corp boosted its holdings in NRG Energy by 90.4% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 179 shares of the utilities provider’s stock worth $29,000 after buying an additional 85 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new stake in NRG Energy during the 2nd quarter worth approximately $32,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of NRG Energy during the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insiders Place Their Bets

In related news, VP Brian Curci sold 46,976 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $158.84, for a total value of $7,461,667.84. Following the sale, the vice president directly owned 46,113 shares in the company, valued at approximately $7,324,588.92. The trade was a 50.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert J. Gaudette sold 45,000 shares of the stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $158.76, for a total transaction of $7,144,200.00. Following the transaction, the vice president directly owned 63,920 shares of the company’s stock, valued at approximately $10,147,939.20. This trade represents a 41.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 172,556 shares of company stock valued at $27,550,446 over the last quarter. 0.61% of the stock is owned by insiders.

NRG Energy Price Performance

Shares of NRG stock opened at $172.60 on Tuesday. The company has a debt-to-equity ratio of 8.45, a current ratio of 1.05 and a quick ratio of 0.99. The company has a market capitalization of $37.05 billion, a PE ratio of 25.80 and a beta of 1.27. The firm’s 50-day moving average is $156.21 and its two-hundred day moving average is $159.93. NRG Energy, Inc. has a 12 month low of $79.57 and a 12 month high of $180.54.

NRG Energy declared that its board has authorized a share buyback program on Thursday, November 6th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the utilities provider to buy up to 9.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

NRG Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be given a $0.475 dividend. The ex-dividend date is Monday, February 2nd. This is a positive change from NRG Energy’s previous quarterly dividend of $0.44. This represents a $1.90 annualized dividend and a yield of 1.1%. NRG Energy’s dividend payout ratio (DPR) is currently 28.40%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NRG. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NRG Energy in a research note on Monday, December 29th. Morgan Stanley reaffirmed an “underperform” rating on shares of NRG Energy in a research note on Thursday, November 20th. Jefferies Financial Group reduced their target price on shares of NRG Energy from $198.00 to $181.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Wells Fargo & Company boosted their price target on shares of NRG Energy from $202.00 to $206.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Finally, Zacks Research downgraded shares of NRG Energy from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, NRG Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.91.

NRG Energy Profile

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.