EP Wealth Advisors LLC Sells 1,030 Shares of NRG Energy, Inc. (NYSE:NRG)

EP Wealth Advisors LLC reduced its stake in NRG Energy, Inc. (NYSE:NRG) by 14.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,948 shares of the utilities provider’s stock after selling 1,030 shares during the quarter. EP Wealth Advisors LLC’s holdings in NRG Energy were worth $537,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Meyer Handelman Co. raised its holdings in NRG Energy by 43.8% in the 4th quarter. Meyer Handelman Co. now owns 78,982 shares of the utilities provider’s stock worth $7,126,000 after purchasing an additional 24,062 shares during the period. Affinity Wealth Management LLC raised its holdings in NRG Energy by 7.8% in the 4th quarter. Affinity Wealth Management LLC now owns 42,748 shares of the utilities provider’s stock worth $3,857,000 after purchasing an additional 3,084 shares during the period. SteelPeak Wealth LLC bought a new position in NRG Energy in the 4th quarter worth $2,418,000. SBI Securities Co. Ltd. bought a new position in NRG Energy in the 4th quarter worth $32,000. Finally, Townsquare Capital LLC raised its holdings in NRG Energy by 97.4% in the 4th quarter. Townsquare Capital LLC now owns 5,233 shares of the utilities provider’s stock worth $472,000 after purchasing an additional 2,582 shares during the period. 97.72% of the stock is owned by institutional investors.

NRG Energy Trading Down 0.9%

Shares of NRG Energy stock opened at $119.25 on Monday. The firm has a market cap of $24.29 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 1.01 and a beta of 1.00. The business has a 50-day moving average price of $99.45 and a 200-day moving average price of $98.83. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $124.67.

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.48%. NRG Energy’s payout ratio is 35.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. BMO Capital Markets raised their target price on NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a report on Monday, March 3rd. Wells Fargo & Company increased their price target on NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. The Goldman Sachs Group assumed coverage on NRG Energy in a research note on Friday, April 4th. They issued a “buy” rating and a $129.00 price target for the company. Guggenheim increased their price target on NRG Energy from $134.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, Morgan Stanley increased their price target on NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, NRG Energy currently has an average rating of “Moderate Buy” and a consensus target price of $126.38.

NRG Energy 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.