Adage Capital Partners GP L.L.C. Lowers Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Adage Capital Partners GP L.L.C. lessened its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 31.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 289,252 shares of the utilities provider's stock after selling 130,300 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.14% of NRG Energy worth $26,096,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NRG. Banco Santander S.A. increased its stake in shares of NRG Energy by 0.3% during the fourth quarter. Banco Santander S.A. now owns 2,828,000 shares of the utilities provider's stock valued at $255,142,000 after buying an additional 7,500 shares during the period. Appaloosa LP increased its position in shares of NRG Energy by 81.5% during the fourth quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider's stock valued at $163,749,000 after buying an additional 815,180 shares during the period. Assenagon Asset Management S.A. raised its stake in NRG Energy by 1,010.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider's stock worth $140,504,000 after buying an additional 1,417,057 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of NRG Energy by 4.2% during the 4th quarter. Russell Investments Group Ltd. now owns 1,414,186 shares of the utilities provider's stock worth $127,614,000 after acquiring an additional 56,944 shares during the period. Finally, Prudential Financial Inc. raised its position in shares of NRG Energy by 3.1% in the 4th quarter. Prudential Financial Inc. now owns 1,374,245 shares of the utilities provider's stock worth $123,984,000 after acquiring an additional 41,094 shares in the last quarter. Institutional investors own 97.72% of the company's stock.

Analysts Set New Price Targets

NRG has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. BMO Capital Markets lifted their target price on shares of NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a research report on Monday, March 3rd. Wells Fargo & Company increased their price objective on shares of NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. StockNews.com cut NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Finally, Guggenheim lifted their target price 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. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, NRG Energy has an average rating of "Moderate Buy" and an average price target of $124.00.

NRG Energy Trading Up 4.0 %

NRG stock traded up $4.37 during midday trading on Thursday, reaching $113.51. 1,235,297 shares of the company traded hands, compared to its average volume of 3,018,214. The firm has a market capitalization of $23.12 billion, a price-to-earnings ratio of 28.53, a P/E/G ratio of 1.01 and a beta of 1.10. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The business has a 50 day moving average of $97.61 and a 200-day moving average of $97.25. NRG Energy, Inc. has a 52-week low of $65.11 and a 52-week high of $117.26.

NRG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, May 1st. NRG Energy's dividend payout ratio is currently 35.92%.

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.