Aigen Investment Management LP Buys 2,679 Shares of NRG Energy, Inc. (NYSE:NRG)

Aigen Investment Management LP boosted its stake in NRG Energy, Inc. (NYSE:NRG) by 23.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,218 shares of the utilities provider’s stock after acquiring an additional 2,679 shares during the quarter. Aigen Investment Management LP’s holdings in NRG Energy were worth $1,283,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Proficio Capital Partners LLC bought a new stake in NRG Energy in the 4th quarter valued at $155,000. Atria Investments Inc lifted its position in NRG Energy by 11.3% in the 4th quarter. Atria Investments Inc now owns 16,777 shares of the utilities provider’s stock valued at $1,514,000 after acquiring an additional 1,705 shares in the last quarter. Keybank National Association OH lifted its position in NRG Energy by 5.0% in the 4th quarter. Keybank National Association OH now owns 3,302 shares of the utilities provider’s stock valued at $298,000 after acquiring an additional 157 shares in the last quarter. Schechter Investment Advisors LLC lifted its position in NRG Energy by 0.8% in the 4th quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider’s stock valued at $1,436,000 after acquiring an additional 120 shares in the last quarter. Finally, Fidelis Capital Partners LLC lifted its position in NRG Energy by 6.7% in the 4th quarter. Fidelis Capital Partners LLC now owns 2,625 shares of the utilities provider’s stock valued at $237,000 after acquiring an additional 165 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

Insider Transactions at NRG Energy

In related news, CFO Bruce Chung sold 20,000 shares of the company’s 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 transaction, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the vice president now owns 64,448 shares in the company, 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. 0.86% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Guggenheim boosted their price objective on shares of NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Wells Fargo & Company boosted their price target on shares of NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. StockNews.com raised shares of NRG Energy from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. Finally, BMO Capital Markets boosted their price target 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. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, NRG Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.29.

NRG Energy Stock Down 1.6 %

NRG Energy stock opened at $98.69 on Thursday. The firm has a market capitalization of $19.55 billion, a PE ratio of 24.80, a P/E/G ratio of 1.01 and a beta of 1.13. The company’s 50-day moving average is $102.41 and its 200-day moving average is $94.04. NRG Energy, Inc. has a fifty-two week low of $59.50 and a fifty-two week high of $117.26. 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders 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 dividend yield of 1.78%. NRG Energy’s payout ratio is currently 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.