Seascape Capital Management Boosts Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Seascape Capital Management increased its holdings in NRG Energy, Inc. (NYSE:NRG) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,698 shares of the utilities provider’s stock after acquiring an additional 177 shares during the period. NRG Energy comprises approximately 2.2% of Seascape Capital Management’s portfolio, making the stock its 10th biggest holding. Seascape Capital Management’s holdings in NRG Energy were worth $6,288,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Assenagon Asset Management S.A. grew its stake in NRG Energy by 1,010.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider’s stock valued at $140,504,000 after purchasing an additional 1,417,057 shares during the period. Los Angeles Capital Management LLC grew its position in NRG Energy by 32,962.3% during the third quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider’s stock valued at $95,901,000 after buying an additional 1,049,521 shares during the period. Bridgewater Associates LP increased its holdings in NRG Energy by 352.9% during the third quarter. Bridgewater Associates LP now owns 804,801 shares of the utilities provider’s stock worth $73,317,000 after buying an additional 627,121 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in NRG Energy by 52.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,330,706 shares of the utilities provider’s stock worth $121,227,000 after acquiring an additional 456,573 shares during the period. Finally, Assetmark Inc. boosted its stake in NRG Energy by 109.2% in the third quarter. Assetmark Inc. now owns 746,994 shares of the utilities provider’s stock valued at $68,051,000 after acquiring an additional 389,997 shares during the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

NRG Energy Stock Up 1.3 %

Shares of NYSE NRG opened at $107.64 on Friday. 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 company has a market cap of $21.80 billion, a P/E ratio of 27.05, a P/E/G ratio of 1.22 and a beta of 1.15. NRG Energy, Inc. has a 52 week low of $51.42 and a 52 week high of $115.38. The business has a 50-day simple moving average of $99.11 and a two-hundred day simple moving average of $91.42.

NRG Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a $0.44 dividend. 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 1.64%. The ex-dividend date of this dividend is Monday, February 3rd. NRG Energy’s dividend payout ratio (DPR) is 44.22%.

Insider Buying and Selling

In related news, CFO Bruce Chung sold 20,000 shares of the business’s stock in a transaction dated 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 $6,780,794.02. The trade was a 22.36 % 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, VP Robert J. Gaudette sold 60,000 shares of the firm’s stock in a transaction dated 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 insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and raised their price target for the stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. Evercore ISI raised 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 report on Tuesday, January 21st. Citigroup upped their price target on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. BMO Capital Markets lifted their price objective on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Finally, Wells Fargo & Company upped their price objective on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, NRG Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.43.

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.