Daiwa Securities Group Inc. Has $3.91 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Daiwa Securities Group Inc. increased its position in shares of NRG Energy, Inc. (NYSE:NRG) by 22.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,356 shares of the utilities provider’s stock after acquiring an additional 7,976 shares during the period. Daiwa Securities Group Inc.’s holdings in NRG Energy were worth $3,912,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Everence Capital Management Inc. acquired a new stake in shares of NRG Energy during the 4th quarter valued at about $549,000. Meyer Handelman Co. raised its position in NRG Energy by 43.8% during the fourth quarter. Meyer Handelman Co. now owns 78,982 shares of the utilities provider’s stock valued at $7,126,000 after acquiring an additional 24,062 shares in the last quarter. Luxor Capital Group LP lifted its stake in NRG Energy by 47.8% in the third quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider’s stock valued at $47,426,000 after acquiring an additional 168,267 shares during the last quarter. Pine Valley Investments Ltd Liability Co grew its position in NRG Energy by 25.1% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider’s stock worth $4,557,000 after acquiring an additional 10,031 shares in the last quarter. Finally, Bank of Hawaii increased its stake in shares of NRG Energy by 95.5% during the 3rd quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider’s stock worth $1,429,000 after purchasing an additional 7,662 shares during the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on NRG. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Wells Fargo & Company boosted their price target on NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. BMO Capital Markets upped their price target on NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a research note on Monday, March 3rd. Morgan Stanley raised their price objective on NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Finally, StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $123.29.

NRG Energy Price Performance

Shares of NYSE:NRG opened at $92.40 on Thursday. The company has a market cap of $18.30 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 1.01 and a beta of 1.13. The business has a 50 day moving average price of $102.26 and a 200 day moving average price of $94.30. 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 $62.14 and a twelve month high of $117.26.

NRG Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a $0.44 dividend. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, February 3rd. This represents a $1.76 annualized dividend and a dividend yield of 1.90%. NRG Energy’s dividend payout ratio (DPR) is presently 35.92%.

Insider Buying and Selling

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

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.