Bluescape Energy Partners LLC Trims Stake in NRG Energy, Inc. (NYSE:NRG)

Bluescape Energy Partners LLC cut its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 27.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 968,956 shares of the utilities provider's stock after selling 363,095 shares during the period. NRG Energy comprises approximately 20.8% of Bluescape Energy Partners LLC's investment portfolio, making the stock its 3rd biggest position. Bluescape Energy Partners LLC owned 0.48% of NRG Energy worth $87,419,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in NRG Energy during the 4th quarter worth about $32,000. Mizuho Bank Ltd. acquired a new position in NRG Energy in the fourth quarter valued at approximately $41,000. UMB Bank n.a. boosted its holdings in shares of NRG Energy by 100.4% during the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock worth $41,000 after buying an additional 228 shares in the last quarter. Princeton Global Asset Management LLC grew its position in shares of NRG Energy by 414.9% during the 4th quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider's stock worth $44,000 after buying an additional 390 shares during the period. Finally, Larson Financial Group LLC increased its stake in shares of NRG Energy by 221.0% in the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock valued at $45,000 after acquiring an additional 347 shares in the last quarter. Institutional investors own 97.72% of the company's stock.

NRG Energy Stock Up 1.5 %

NRG stock traded up $1.80 during midday trading on Wednesday, hitting $118.81. The stock had a trading volume of 2,614,665 shares, compared to its average volume of 2,991,641. The business has a 50-day moving average of $98.67 and a two-hundred day moving average of $98.22. The firm has a market cap of $24.20 billion, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. NRG Energy, Inc. has a 52-week low of $65.11 and a 52-week high of $119.82.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, May 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.48%. NRG Energy's dividend payout ratio (DPR) is presently 35.92%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Evercore ISI upgraded shares of NRG Energy from an "in-line" rating to an "outperform" rating and raised their price target for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Morgan Stanley upped their price target on NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 19th. Jefferies Financial Group boosted their price objective on NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a report on Monday. The Goldman Sachs Group started coverage on shares of NRG Energy in a research report on Friday, April 4th. They issued a "buy" rating and a $129.00 price target for the company. Finally, StockNews.com lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $126.38.

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.