Raymond James & Associates Has $3.79 Million Holdings in NRG Energy, Inc. (NYSE:NRG)

Raymond James & Associates decreased its position in shares of NRG Energy, Inc. (NYSE:NRG – Get Rating) by 12.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 119,185 shares of the utilities provider’s stock after selling 16,773 shares during the quarter. Raymond James & Associates owned approximately 0.05% of NRG Energy worth $3,793,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cowa LLC acquired a new position in shares of NRG Energy in the 3rd quarter valued at $27,000. Kistler Tiffany Companies LLC increased its position in shares of NRG Energy by 92.7% in the 3rd quarter. Kistler Tiffany Companies LLC now owns 867 shares of the utilities provider’s stock valued at $33,000 after buying an additional 417 shares in the last quarter. MinichMacGregor Wealth Management LLC bought a new stake in shares of NRG Energy in the 4th quarter valued at $52,000. Ronald Blue Trust Inc. increased its position in shares of NRG Energy by 91.0% in the 4th quarter. Ronald Blue Trust Inc. now owns 2,049 shares of the utilities provider’s stock valued at $79,000 after buying an additional 976 shares in the last quarter. Finally, Atlas Capital Advisors LLC bought a new stake in shares of NRG Energy in the 2nd quarter valued at $80,000. Institutional investors and hedge funds own 99.98% of the company’s stock.

NRG Energy Trading Down 1.6 %

NRG Energy stock opened at $33.46 on Friday. NRG Energy, Inc. has a one year low of $30.25 and a one year high of $47.82. The company has a market cap of $7.70 billion, a price-to-earnings ratio of -4.22, a P/E/G ratio of 0.82 and a beta of 1.03. The firm has a 50-day moving average of $33.54 and a 200-day moving average of $34.59. The company has a debt-to-equity ratio of 4.66, a current ratio of 0.99 and a quick ratio of 0.92.

NRG Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Monday, May 1st were given a dividend of $0.377 per share. The ex-dividend date of this dividend was Friday, April 28th. This represents a $1.51 annualized dividend and a yield of 4.51%. NRG Energy’s dividend payout ratio (DPR) is presently -19.04%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Bank of America upgraded NRG Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $35.00 to $36.00 in a report on Monday, March 20th. TheStreet cut NRG Energy from a “b-” rating to a “c” rating in a report on Thursday, February 16th. StockNews.com started coverage on NRG Energy in a report on Thursday, May 18th. They set a “sell” rating for the company. Finally, Morgan Stanley increased their price objective on shares of NRG Energy from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 20th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $41.25.

NRG Energy Profile

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NRG Energy, Inc engages in the production, sale, and distribution of energy and energy services. It operates through the following segments: Generation, Retail, and Corporate. The Generation segment includes all power plant activities, domestic and international, as well as renewables. The Retail segment includes mass customers and business solutions, and other distributed and reliability products.