NRG Energy, Inc. (NYSE:NRG) Position Increased by Hourglass Capital LLC

Hourglass Capital LLC increased its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,600 shares of the utilities provider’s stock after buying an additional 330 shares during the quarter. Hourglass Capital LLC’s holdings in NRG Energy were worth $5,287,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. M&T Bank Corp boosted its holdings in shares of NRG Energy by 0.3% during the third quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider’s stock valued at $3,481,000 after acquiring an additional 113 shares during the period. McIlrath & Eck LLC grew its position in NRG Energy by 4.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider’s stock worth $240,000 after purchasing an additional 113 shares during the last quarter. Mather Group LLC. increased its stake in shares of NRG Energy by 18.4% in the fourth quarter. Mather Group LLC. now owns 803 shares of the utilities provider’s stock valued at $72,000 after purchasing an additional 125 shares during the period. Grove Bank & Trust raised its holdings 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 valued at $51,000 after buying an additional 129 shares during the last quarter. Finally, Hanseatic Management Services Inc. boosted its position in shares of NRG Energy by 12.0% during the fourth quarter. Hanseatic Management Services Inc. now owns 1,244 shares of the utilities provider’s stock worth $112,000 after buying an additional 133 shares during the period. 97.72% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the company’s stock in a transaction dated 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 directly owns 64,448 shares of the company’s stock, valued at approximately $5,891,191.68. This represents a 48.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the completion of the transaction, the chief financial officer now directly 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 disclosure for this sale can be found here. 0.86% of the stock is currently owned by company insiders.

NRG Energy Stock Performance

NYSE:NRG opened at $107.64 on Friday. The company has a 50-day moving average of $99.11 and a 200-day moving average of $91.42. The firm has a market cap of $21.80 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 1.22 and a beta of 1.15. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a twelve month low of $51.42 and a twelve month high of $115.38.

NRG Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.64%. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date is Monday, February 3rd. NRG Energy’s dividend payout ratio (DPR) is presently 44.22%.

Analyst Ratings Changes

Several analysts recently commented on the company. Citigroup raised their target price on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Wells Fargo & Company increased their target price on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Evercore ISI upgraded shares of NRG Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Finally, BMO Capital Markets increased their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a report on Tuesday, November 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $111.43.

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.