NRG Energy, Inc. (NYSE:NRG) Shares Purchased by Hood River Capital Management LLC

Hood River Capital Management LLC grew its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 39.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,303 shares of the utilities provider's stock after buying an additional 25,034 shares during the period. Hood River Capital Management LLC's holdings in NRG Energy were worth $8,057,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NRG. Everence Capital Management Inc. purchased a new stake in shares of NRG Energy during the 4th quarter valued at about $549,000. Meyer Handelman Co. increased its holdings in NRG Energy by 43.8% in the 4th quarter. Meyer Handelman Co. now owns 78,982 shares of the utilities provider's stock worth $7,126,000 after acquiring an additional 24,062 shares in the last quarter. Pine Valley Investments Ltd Liability Co increased its holdings in NRG Energy by 25.1% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider's stock worth $4,557,000 after acquiring an additional 10,031 shares in the last quarter. CWA Asset Management Group LLC bought a new position in NRG Energy in the 4th quarter worth approximately $1,340,000. Finally, Affinity Wealth Management LLC boosted its stake in NRG Energy by 7.8% in the 4th quarter. Affinity Wealth Management LLC now owns 42,748 shares of the utilities provider's stock worth $3,857,000 after purchasing an additional 3,084 shares during the period. Institutional investors own 97.72% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Evercore ISI upgraded NRG Energy from an "in-line" rating to an "outperform" rating and upped their price target for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. BMO Capital Markets boosted their price objective on shares of NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a research report on Monday, March 3rd. Morgan Stanley boosted their price objective 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. Wells Fargo & Company boosted their price objective on shares of NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Finally, StockNews.com cut shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $124.00.

NRG Energy Price Performance

Shares of NRG Energy stock traded down $0.13 during mid-day trading on Tuesday, reaching $109.23. 581,862 shares of the stock traded hands, compared to its average volume of 3,019,676. 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 fifty-two week low of $65.11 and a fifty-two week high of $117.26. The stock has a market capitalization of $22.25 billion, a PE ratio of 27.42, a PEG ratio of 1.01 and a beta of 1.10. The business has a 50-day moving average of $97.57 and a 200 day moving average of $97.08.

NRG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Thursday, May 1st. NRG Energy's dividend payout ratio is currently 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.