NRG Energy, Inc. (NYSE:NRG) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC trimmed its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 17.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 707,412 shares of the utilities provider's stock after selling 146,928 shares during the period. AQR Capital Management LLC owned 0.35% of NRG Energy worth $63,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NRG. Banco Santander S.A. increased its holdings in shares of NRG Energy by 0.3% in 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 purchasing an additional 7,500 shares during the period. Northern Trust Corp increased its holdings in NRG Energy by 16.1% in the 4th quarter. Northern Trust Corp now owns 2,282,672 shares of the utilities provider's stock worth $205,943,000 after buying an additional 316,445 shares during the period. Appaloosa LP raised its position in NRG Energy by 81.5% during the 4th quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider's stock worth $163,749,000 after buying an additional 815,180 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in NRG Energy by 1,010.1% during 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 acquiring an additional 1,417,057 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of NRG Energy by 4.2% in the fourth 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. Hedge funds and other institutional investors own 97.72% of the company's stock.

Analysts Set New Price Targets

NRG has been the topic of several recent research reports. StockNews.com lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Wells Fargo & Company upped their target price on NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Jefferies Financial Group lifted their price target on NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research report on Monday. Guggenheim upped their price objective on NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, The Goldman Sachs Group started coverage on shares of NRG Energy in a report on Friday, April 4th. They set a "buy" rating and a $129.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $126.38.

NRG Energy Price Performance

Shares of NRG Energy stock traded down $0.48 on Monday, reaching $116.16. The company's stock had a trading volume of 1,701,846 shares, compared to its average volume of 3,018,959. 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 capitalization of $23.66 billion, a P/E ratio of 29.19, a PEG ratio of 1.01 and a beta of 1.00. The stock has a 50-day moving average price of $98.11 and a 200-day moving average price of $97.73. NRG Energy, Inc. has a 52-week low of $65.11 and a 52-week high of $117.90.

NRG Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Thursday, May 1st. NRG Energy's dividend payout ratio is presently 35.92%.

NRG Energy 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.