Y Intercept Hong Kong Ltd Has $2.23 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Y Intercept Hong Kong Ltd grew its position in shares of NRG Energy, Inc. (NYSE:NRG) by 65.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,731 shares of the utilities provider’s stock after purchasing an additional 9,777 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in NRG Energy were worth $2,231,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in shares of NRG Energy in the third quarter worth approximately $26,000. Covestor Ltd lifted its stake in shares of NRG Energy by 74.7% in the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 139 shares during the period. Harbor Capital Advisors Inc. acquired a new position in shares of NRG Energy in the third quarter worth approximately $35,000. UMB Bank n.a. lifted its stake in shares of NRG Energy by 100.4% in the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 228 shares during the period. Finally, RPg Family Wealth Advisory LLC acquired a new position in shares of NRG Energy in the third quarter worth approximately $43,000. 97.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction on 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Robert J. Gaudette sold 60,000 shares of the company’s stock in a transaction on 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 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 disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on NRG. Citigroup lifted their price objective on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. BMO Capital Markets lifted their target price on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Wells Fargo & Company lifted their target price on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Evercore ISI upgraded NRG Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Finally, Morgan Stanley lifted their target price on NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NRG Energy currently has an average rating of “Moderate Buy” and an average price target of $113.71.

NRG Energy Trading Down 2.4 %

NYSE NRG opened at $103.39 on Tuesday. The company has a market cap of $20.94 billion, a price-to-earnings ratio of 25.98, a P/E/G ratio of 1.01 and a beta of 1.15. NRG Energy, Inc. has a 52 week low of $51.58 and a 52 week high of $115.38. The business has a 50 day moving average price of $100.77 and a 200-day moving average price of $93.08. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57.

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 issued a dividend of $0.44 per share. This is an increase 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 dividend yield of 1.70%. NRG Energy’s payout ratio is currently 44.22%.

NRG Energy Company Profile

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.