NRG Energy, Inc. (NYSE:NRG) Holdings Raised by Lido Advisors LLC

Lido Advisors LLC boosted its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 49.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,186 shares of the utilities provider's stock after acquiring an additional 2,715 shares during the quarter. Lido Advisors LLC's holdings in NRG Energy were worth $739,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its position in NRG Energy by 1,010.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider's stock valued at $140,504,000 after acquiring an additional 1,417,057 shares in the last quarter. Boston Partners acquired a new position in NRG Energy in the 4th quarter worth $94,346,000. Appaloosa LP boosted its position in NRG Energy by 81.5% in the 4th quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider's stock valued at $163,749,000 after buying an additional 815,180 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of NRG Energy by 350.4% during the fourth quarter. Teacher Retirement System of Texas now owns 904,265 shares of the utilities provider's stock worth $81,583,000 after acquiring an additional 703,481 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of NRG Energy in the fourth quarter worth about $61,679,000. Hedge funds and other institutional investors own 97.72% of the company's stock.

NRG Energy Stock Performance

NRG traded up $1.80 on Wednesday, hitting $118.81. 2,614,665 shares of the company's stock were exchanged, compared to its average volume of 3,012,271. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The stock has a fifty day moving average of $98.40 and a two-hundred day moving average of $98.07. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $120.12. The firm has a market cap of $24.20 billion, a PE ratio of 29.85, a P/E/G ratio of 1.01 and a beta of 1.00.

NRG Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. StockNews.com downgraded NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. The Goldman Sachs Group initiated coverage on shares of NRG Energy in a research note on Friday, April 4th. They set a "buy" rating and a $129.00 price objective on the stock. Evercore ISI raised shares of NRG Energy from an "in-line" rating to an "outperform" rating and boosted their target price for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Guggenheim increased their price target on shares of NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, BMO Capital Markets boosted their price objective on NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $126.38.

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.