Caisse DE Depot ET Placement DU Quebec Decreases Holdings in NRG Energy, Inc. (NYSE:NRG)

Caisse DE Depot ET Placement DU Quebec lowered its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 16.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,108,502 shares of the utilities provider's stock after selling 222,204 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.55% of NRG Energy worth $100,009,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in NRG. AdvisorShares Investments LLC purchased a new stake in shares of NRG Energy during the 4th quarter worth $469,000. Lido Advisors LLC boosted its holdings in NRG Energy by 49.6% during the fourth quarter. Lido Advisors LLC now owns 8,186 shares of the utilities provider's stock worth $739,000 after buying an additional 2,715 shares in the last quarter. Northern Trust Corp increased its holdings in NRG Energy by 16.1% in the fourth quarter. Northern Trust Corp now owns 2,282,672 shares of the utilities provider's stock valued at $205,943,000 after buying an additional 316,445 shares in the last quarter. Decade Renewable Partners LP acquired a new stake in shares of NRG Energy during the 4th quarter valued at approximately $1,218,000. Finally, Lonestar Capital Management LLC purchased a new stake in shares of NRG Energy during the 4th quarter worth approximately $2,977,000. Hedge funds and other institutional investors own 97.72% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on NRG. Guggenheim lifted their price objective on NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. StockNews.com lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. BMO Capital Markets raised their target price on shares of NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a report on Monday, March 3rd. Morgan Stanley increased their price target on shares of NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. Finally, Jefferies Financial Group lifted their price objective on NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, NRG Energy currently has an average rating of "Moderate Buy" and an average target price of $126.38.

NRG Energy Trading Up 0.7 %

Shares of NRG traded up $0.78 during trading hours on Tuesday, hitting $117.01. The stock had a trading volume of 2,822,922 shares, compared to its average volume of 3,018,178. NRG Energy, Inc. has a 12-month low of $65.11 and a 12-month high of $118.39. The firm has a market cap of $23.83 billion, a P/E ratio of 29.40, a P/E/G ratio of 1.01 and a beta of 1.00. 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 company's fifty day simple moving average is $98.16 and its 200 day simple moving average is $97.94.

NRG Energy Announces Dividend

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 issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, May 1st. NRG Energy's 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.