DSC Meridian Capital LP Purchases 1,611 Shares of NRG Energy, Inc. (NYSE:NRG)

DSC Meridian Capital LP increased its stake in NRG Energy, Inc. (NYSE:NRG) by 32.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,617 shares of the utilities provider’s stock after buying an additional 1,611 shares during the period. NRG Energy accounts for about 0.2% of DSC Meridian Capital LP’s portfolio, making the stock its 12th largest position. DSC Meridian Capital LP’s holdings in NRG Energy were worth $597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in NRG. M&T Bank Corp increased its holdings in shares of NRG Energy by 0.3% during the 3rd quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider’s stock valued at $3,481,000 after purchasing an additional 113 shares in the last quarter. McIlrath & Eck LLC lifted its position in NRG Energy by 4.5% in the third quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider’s stock valued at $240,000 after buying an additional 113 shares during the last quarter. Schechter Investment Advisors LLC increased its stake in NRG Energy by 0.8% during the fourth quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider’s stock worth $1,436,000 after purchasing an additional 120 shares during the period. Mather Group LLC. increased its stake in shares of NRG Energy by 18.4% during the fourth quarter. Mather Group LLC. now owns 803 shares of the utilities provider’s stock worth $72,000 after buying an additional 125 shares during the period. Finally, Grove Bank & Trust increased its stake in shares of NRG Energy by 29.7% during the fourth quarter. Grove Bank & Trust now owns 564 shares of the utilities provider’s stock worth $51,000 after buying an additional 129 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insider Transactions at NRG Energy

In related news, VP Robert J. Gaudette sold 60,000 shares of NRG Energy stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the completion of the sale, the vice president now directly owns 64,448 shares of the company’s stock, valued at $5,891,191.68. The trade was a 48.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction on Monday, January 13th. The stock was sold at an average price of $97.63, for a total value of $1,952,600.00. Following the sale, the chief financial officer now directly owns 69,454 shares of the company’s stock, valued at approximately $6,780,794.02. This trade represents a 22.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

NRG Energy Stock Up 4.3 %

Shares of NRG stock opened at $88.50 on Wednesday. The stock’s 50 day simple moving average is $102.22 and its 200 day simple moving average is $94.31. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. NRG Energy, Inc. has a twelve month low of $60.23 and a twelve month high of $117.26. The company has a market capitalization of $17.53 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 1.01 and a beta of 1.13.

NRG Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a $0.44 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.99%. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s dividend payout ratio (DPR) is 35.92%.

Wall Street Analyst Weigh In

Several equities analysts have commented on NRG shares. Guggenheim increased their price target on shares of NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. BMO Capital Markets raised their price target on NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a research report on Monday, March 3rd. Evercore ISI upgraded 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 report on Tuesday, January 21st. Wells Fargo & Company lifted their price objective on NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Finally, Morgan Stanley boosted their price target on NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, NRG Energy currently has an average rating of “Moderate Buy” and a consensus price target of $123.29.

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.