NRG Energy, Inc. (NYSE:NRG) Stock Holdings Decreased by Tredje AP fonden

Tredje AP fonden lowered its stake in NRG Energy, Inc. (NYSE:NRG) by 50.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 17,861 shares of the utilities provider’s stock after selling 17,860 shares during the period. Tredje AP fonden’s holdings in NRG Energy were worth $1,611,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Assenagon Asset Management S.A. grew its position in shares of NRG Energy by 1,010.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider’s stock valued at $140,504,000 after buying an additional 1,417,057 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of NRG Energy during the 4th quarter valued at about $61,679,000. Bridgewater Associates LP grew its position in shares of NRG Energy by 352.9% during the 3rd quarter. Bridgewater Associates LP now owns 804,801 shares of the utilities provider’s stock valued at $73,317,000 after buying an additional 627,121 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in shares of NRG Energy by 52.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,330,706 shares of the utilities provider’s stock valued at $121,227,000 after buying an additional 456,573 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in NRG Energy by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 5,399,098 shares of the utilities provider’s stock worth $494,225,000 after purchasing an additional 313,478 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Up 4.9 %

NRG stock opened at $95.38 on Friday. NRG Energy, Inc. has a 12 month low of $62.56 and a 12 month high of $117.26. The firm has a market cap of $18.89 billion, a PE ratio of 23.97, a P/E/G ratio of 1.01 and a beta of 1.13. The firm has a 50 day simple moving average of $102.17 and a 200 day simple moving average of $94.36. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10.

NRG Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a dividend of $0.44 per share. The ex-dividend date was Monday, February 3rd. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a yield of 1.85%. NRG Energy’s dividend payout ratio is currently 35.92%.

Wall Street Analysts Forecast Growth

NRG has been the subject of several recent analyst reports. Guggenheim upped their target price on shares of NRG Energy from $134.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. BMO Capital Markets upped their target price on shares of NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a research report on Monday, March 3rd. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. Finally, Morgan Stanley upped their price target on shares of 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 research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $123.29.

Insider Activity at NRG Energy

In related news, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction that occurred on 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 represents a 22.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 owns 64,448 shares of the company’s stock, valued at approximately $5,891,191.68. This trade represents a 48.21 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

NRG Energy Company 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.