UniSuper Management Pty Ltd Has $2.27 Million Stock Position in NRG Energy, Inc. (NYSE:NRG)

UniSuper Management Pty Ltd lifted its stake in NRG Energy, Inc. (NYSE:NRG) by 10.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,155 shares of the utilities provider’s stock after buying an additional 2,347 shares during the period. UniSuper Management Pty Ltd’s holdings in NRG Energy were worth $2,269,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of NRG. M&T Bank Corp grew its stake in NRG Energy by 0.3% during the third quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider’s stock worth $3,481,000 after buying an additional 113 shares during the last quarter. McIlrath & Eck LLC grew its position in NRG Energy by 4.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider’s stock worth $240,000 after acquiring an additional 113 shares during the last quarter. Schechter Investment Advisors LLC increased its holdings in NRG Energy by 0.8% during the 4th quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider’s stock valued at $1,436,000 after purchasing an additional 120 shares in the last quarter. Mather Group LLC. raised its position in NRG Energy by 18.4% in the 4th 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 last quarter. Finally, Grove Bank & Trust boosted its stake in NRG Energy by 29.7% in the fourth quarter. Grove Bank & Trust now owns 564 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 129 shares in the last quarter. Institutional investors own 97.72% of the company’s stock.

Insiders Place Their Bets

In other NRG Energy 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 value of $1,952,600.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $5,484,600.00. Following the sale, the vice president now directly owns 64,448 shares in the company, valued at approximately $5,891,191.68. This represents a 48.21 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

NRG Energy Price Performance

NRG opened at $95.05 on Monday. The company has a fifty day moving average price of $101.75 and a two-hundred day moving average price of $95.80. The firm has a market capitalization of $19.36 billion, a PE ratio of 23.88, a P/E/G ratio of 1.01 and a beta of 1.13. NRG Energy, Inc. has a 52 week low of $65.11 and a 52 week high of $117.26. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17.

NRG Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.44 dividend. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 annualized dividend and a yield of 1.85%. NRG Energy’s dividend payout ratio is presently 35.92%.

Analyst Ratings Changes

A number of analysts have recently weighed in on NRG shares. Wells Fargo & Company raised their target price on NRG Energy from $140.00 to $165.00 and gave the company an “overweight” 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 note on Saturday, March 8th. Guggenheim increased their price target on shares of NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Morgan Stanley boosted their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Finally, Evercore ISI upgraded NRG Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $74.00 to $126.00 in a research report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.29.

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.