Northern Trust Corp Raises Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Northern Trust Corp increased its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 16.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,282,672 shares of the utilities provider's stock after purchasing an additional 316,445 shares during the period. Northern Trust Corp owned approximately 1.13% of NRG Energy worth $205,943,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Schechter Investment Advisors LLC lifted its stake in shares of NRG Energy by 0.8% during the 4th quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider's stock worth $1,436,000 after purchasing an additional 120 shares during the period. Mather Group LLC. lifted its position in NRG Energy by 18.4% during the fourth quarter. Mather Group LLC. now owns 803 shares of the utilities provider's stock worth $72,000 after buying an additional 125 shares during the period. Grove Bank & Trust boosted its stake in NRG Energy by 29.7% in the 4th quarter. Grove Bank & Trust now owns 564 shares of the utilities provider's stock worth $51,000 after buying an additional 129 shares during the last quarter. Hanseatic Management Services Inc. grew its holdings in NRG Energy by 12.0% in the 4th quarter. Hanseatic Management Services Inc. now owns 1,244 shares of the utilities provider's stock valued at $112,000 after buying an additional 133 shares during the period. Finally, Impact Partnership Wealth LLC increased its stake in shares of NRG Energy by 3.1% during the 4th quarter. Impact Partnership Wealth LLC now owns 4,505 shares of the utilities provider's stock valued at $406,000 after acquiring an additional 137 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

NRG Energy Stock Up 1.1 %

NYSE NRG traded up $1.25 on Tuesday, reaching $117.48. The company had a trading volume of 1,654,821 shares, compared to its average volume of 3,014,109. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. NRG Energy, Inc. has a 1 year low of $65.11 and a 1 year high of $118.39. The firm has a 50-day moving average of $98.16 and a 200-day moving average of $97.94. The firm has a market capitalization of $23.93 billion, a PE ratio of 29.58, a P/E/G ratio of 1.01 and a beta of 1.00.

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 1.50%. NRG Energy's dividend payout ratio (DPR) is presently 35.92%.

Analyst Upgrades and Downgrades

NRG has been the subject of a number of recent analyst reports. The Goldman Sachs Group began coverage on shares of NRG Energy in a report on Friday, April 4th. They issued a "buy" rating and a $129.00 target price for the company. Wells Fargo & Company upped their price objective on NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Morgan Stanley lifted their target price on NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. BMO Capital Markets upped their price target on NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a research note on Monday, March 3rd. Finally, Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, NRG Energy currently has an average rating of "Moderate Buy" and an average price target of $126.38.

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.