Caxton Associates LP increased its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 1,189.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,768 shares of the utilities provider's stock after acquiring an additional 56,979 shares during the quarter. Caxton Associates LP's holdings in NRG Energy were worth $5,573,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Balyasny Asset Management L.P. boosted its holdings in NRG Energy by 1,631.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 113,829 shares of the utilities provider's stock valued at $10,270,000 after purchasing an additional 107,255 shares during the period. Baird Financial Group Inc. grew its position in NRG Energy by 1.3% during the fourth quarter. Baird Financial Group Inc. now owns 39,758 shares of the utilities provider's stock worth $3,587,000 after buying an additional 506 shares in the last quarter. Alyeska Investment Group L.P. increased its stake in NRG Energy by 19.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 39,611 shares of the utilities provider's stock worth $3,574,000 after acquiring an additional 6,484 shares during the last quarter. AdvisorShares Investments LLC purchased a new stake in shares of NRG Energy in the 4th quarter valued at about $469,000. Finally, Lido Advisors LLC grew its holdings in shares of 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 purchasing an additional 2,715 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.
NRG Energy Trading Up 1.5 %
Shares of NYSE NRG traded up $1.80 during midday trading on Wednesday, reaching $118.81. The company had a trading volume of 2,614,665 shares, compared to its average volume of 2,991,639. The firm's fifty day moving average price is $98.67 and its 200-day moving average price is $98.22. 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, Inc. has a one year low of $65.11 and a one year high of $120.12. The stock has a market cap of $24.20 billion, a PE ratio of 29.85, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00.
NRG Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors 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 1.48%. The ex-dividend date is Thursday, May 1st. NRG Energy's payout ratio is 35.92%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Guggenheim lifted their price objective on shares of NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. BMO Capital Markets increased their target price on NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a research note on Monday, March 3rd. Morgan Stanley lifted 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. Finally, Jefferies Financial Group increased their price objective on NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research report on Monday. Three research 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 presently has an average rating of "Moderate Buy" and a consensus target price of $126.38.
View Our Latest Research Report on NRG
NRG Energy Profile
(
Free Report)
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.
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