NRG Energy, Inc. (NYSE:NRG) Holdings Lifted by Lyrical Asset Management LP

Lyrical Asset Management LP boosted its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 0.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,637,561 shares of the utilities provider’s stock after buying an additional 7,976 shares during the period. NRG Energy makes up about 4.9% of Lyrical Asset Management LP’s holdings, making the stock its 6th biggest position. Lyrical Asset Management LP owned approximately 1.80% of NRG Energy worth $328,181,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Townsquare Capital LLC acquired a new stake in shares of NRG Energy during the 3rd quarter valued at $242,000. Captrust Financial Advisors raised its holdings in shares of NRG Energy by 81.4% during the third quarter. Captrust Financial Advisors now owns 8,106 shares of the utilities provider’s stock worth $738,000 after acquiring an additional 3,637 shares in the last quarter. Benjamin Edwards Inc. acquired a new stake in NRG Energy during the third quarter valued at $588,000. HighTower Advisors LLC grew its stake in NRG Energy by 39.4% in the third quarter. HighTower Advisors LLC now owns 31,730 shares of the utilities provider’s stock valued at $2,881,000 after purchasing an additional 8,960 shares in the last quarter. Finally, Investment Management Corp of Ontario increased its position in NRG Energy by 43.6% in the 3rd quarter. Investment Management Corp of Ontario now owns 6,920 shares of the utilities provider’s stock worth $630,000 after purchasing an additional 2,100 shares during the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

NRG Energy Stock Performance

NYSE:NRG opened at $83.38 on Friday. The firm has a market capitalization of $16.98 billion, a PE ratio of 20.95, a PEG ratio of 1.01 and a beta of 1.10. 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 1 year low of $65.11 and a 1 year high of $117.26. The firm’s fifty day simple moving average is $100.23 and its 200 day simple moving average is $96.18.

NRG Energy Increases Dividend

The firm 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. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.11%. NRG Energy’s payout ratio is presently 35.92%.

Insider Buying and Selling

In other news, CFO Bruce Chung sold 20,000 shares of the firm’s stock in a transaction 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.86% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on NRG shares. Guggenheim boosted their price target on NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Evercore ISI upgraded shares of NRG Energy from an “in-line” rating to an “outperform” rating and raised their price target for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. The Goldman Sachs Group began coverage on shares of NRG Energy in a report on Friday. They issued a “buy” rating and a $129.00 price objective for the company. Finally, Morgan Stanley raised their target price on NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.

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.