NRG Energy, Inc. (NYSE:NRG) Stake Lessened by Diametric Capital LP

Diametric Capital LP trimmed its position in NRG Energy, Inc. (NYSE:NRG) by 32.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,468 shares of the utilities provider’s stock after selling 1,666 shares during the period. Diametric Capital LP’s holdings in NRG Energy were worth $313,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI boosted its stake in NRG Energy by 101.0% during the fourth quarter. National Bank of Canada FI now owns 273,645 shares of the utilities provider’s stock valued at $24,688,000 after buying an additional 137,476 shares in the last quarter. Scalar Gauge Management LLC lifted its holdings in NRG Energy by 17.0% in the 4th quarter. Scalar Gauge Management LLC now owns 108,800 shares of the utilities provider’s stock valued at $9,816,000 after acquiring an additional 15,800 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of NRG Energy by 10.1% during the 4th quarter. Wellington Management Group LLP now owns 241,786 shares of the utilities provider’s stock valued at $21,814,000 after purchasing an additional 22,133 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of NRG Energy by 13.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 14,782 shares of the utilities provider’s stock worth $1,334,000 after purchasing an additional 1,726 shares in the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of NRG Energy by 22.1% in the 4th quarter. Clearbridge Investments LLC now owns 41,221 shares of the utilities provider’s stock worth $3,719,000 after purchasing an additional 7,469 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Stock Up 3.1 %

Shares of NRG Energy stock opened at $98.45 on Wednesday. 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 stock has a 50-day moving average price of $101.31 and a 200 day moving average price of $96.04. The company has a market cap of $20.05 billion, a P/E ratio of 24.74, a P/E/G ratio of 1.01 and a beta of 1.13.

NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.44 per share. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Monday, February 3rd. NRG Energy’s dividend payout ratio (DPR) is currently 35.92%.

Analyst Ratings Changes

Several research analysts have issued reports on NRG shares. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Wells Fargo & Company lifted their target price on NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Evercore ISI raised NRG Energy from an “in-line” rating to an “outperform” rating and upped their target price for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. Guggenheim lifted their price target on NRG Energy from $134.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, BMO Capital Markets upped their price objective on shares of NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a research note on Monday, March 3rd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, NRG Energy has a consensus rating of “Moderate Buy” and an average target price of $123.29.

Insider Activity at NRG Energy

In other news, VP Robert J. Gaudette sold 60,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was 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 $5,891,191.68. This trade represents a 48.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the business’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 directly owns 69,454 shares of the company’s stock, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by insiders.

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.