Hsbc Holdings PLC Purchases 75,648 Shares of NRG Energy, Inc. (NYSE:NRG)

Hsbc Holdings PLC boosted its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 21.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 427,279 shares of the utilities provider's stock after purchasing an additional 75,648 shares during the period. Hsbc Holdings PLC owned about 0.21% of NRG Energy worth $38,769,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NRG. Everence Capital Management Inc. acquired a new stake in NRG Energy during the fourth quarter worth approximately $549,000. Meyer Handelman Co. increased its position in shares of NRG Energy by 43.8% during the fourth 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 raised its stake in shares of NRG Energy by 25.1% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider's stock worth $4,557,000 after purchasing an additional 10,031 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in NRG Energy during the 4th quarter worth $1,340,000. Finally, Affinity Wealth Management LLC grew its position 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 in the last quarter. Institutional investors own 97.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NRG shares. The Goldman Sachs Group began coverage on NRG Energy in a research note on Friday, April 4th. They issued a "buy" rating and a $129.00 price objective on the stock. Wells Fargo & Company upped their target price on shares of NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. StockNews.com lowered NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. BMO Capital Markets raised their price target on shares of NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a report on Monday, March 3rd. Finally, Guggenheim increased 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. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $124.00.

NRG Energy Stock Up 4.0 %

Shares of NRG Energy stock traded up $4.39 during midday trading on Thursday, hitting $113.53. The company had a trading volume of 1,140,903 shares, compared to its average volume of 3,095,979. The company has a 50 day moving average of $97.61 and a 200 day moving average of $97.25. The stock has a market capitalization of $23.12 billion, a P/E ratio of 28.52, a P/E/G ratio of 1.01 and a beta of 1.10. NRG Energy, Inc. has a 52-week low of $65.11 and a 52-week high of $117.26. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17.

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 paid a $0.44 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.55%. NRG Energy's dividend payout ratio is presently 35.92%.

NRG Energy Company 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.