NRG Energy, Inc. (NYSE:NRG) Shares Acquired by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC increased its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 48.4% in the 4th quarter, Holdings Channel reports. The firm owned 7,692 shares of the utilities provider’s stock after purchasing an additional 2,510 shares during the period. Counterpoint Mutual Funds LLC’s holdings in NRG Energy were worth $694,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of NRG Energy during the fourth quarter valued at approximately $32,000. UMB Bank n.a. increased its position in shares of NRG Energy by 100.4% during the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 228 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new position in NRG Energy in the 3rd quarter valued at $43,000. Princeton Global Asset Management LLC lifted its holdings in NRG Energy by 414.9% in the 4th quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 390 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in NRG Energy by 221.0% during the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 347 shares during the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NRG Energy

In related news, CFO Bruce Chung sold 20,000 shares of NRG Energy 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 trade represents a 22.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert J. Gaudette sold 60,000 shares of the business’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 value of $5,484,600.00. Following the completion of the sale, the vice president now directly owns 64,448 shares in the company, valued at approximately $5,891,191.68. The trade was a 48.21 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NRG shares. Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and increased their target price for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. Guggenheim upped their price target on NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Finally, Wells Fargo & Company upped their target price on NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $123.29.

NRG Energy Price Performance

NRG stock opened at $95.38 on Monday. NRG Energy, Inc. has a 52-week low of $63.84 and a 52-week high of $117.26. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The stock has a market cap of $19.43 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. The business has a fifty day moving average of $102.17 and a two-hundred day moving average of $94.53.

NRG Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.44 dividend. 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%. The ex-dividend date of this dividend was Monday, February 3rd. NRG Energy’s payout ratio is 35.92%.

About NRG Energy

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.