NRG Energy, Inc. (NYSE:NRG) Shares Purchased by Family Management Corp

Family Management Corp boosted its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,470 shares of the utilities provider's stock after purchasing an additional 2,188 shares during the quarter. NRG Energy comprises approximately 0.8% of Family Management Corp's investment portfolio, making the stock its 27th largest holding. Family Management Corp's holdings in NRG Energy were worth $5,142,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of NRG. Banco Santander S.A. raised its stake in shares of NRG Energy by 0.3% during the 4th quarter. Banco Santander S.A. now owns 2,828,000 shares of the utilities provider's stock valued at $255,142,000 after purchasing an additional 7,500 shares during the period. Northern Trust Corp boosted its position in NRG Energy by 16.1% during the 4th quarter. Northern Trust Corp now owns 2,282,672 shares of the utilities provider's stock valued at $205,943,000 after buying an additional 316,445 shares during the period. Appaloosa LP increased its holdings in NRG Energy by 81.5% during the 4th quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider's stock valued at $163,749,000 after purchasing an additional 815,180 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of NRG Energy by 1,010.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider's stock worth $140,504,000 after purchasing an additional 1,417,057 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in NRG Energy by 4.2% in the fourth quarter. Russell Investments Group Ltd. now owns 1,414,186 shares of the utilities provider's stock worth $127,614,000 after purchasing an additional 56,944 shares during the period. Hedge funds and other institutional investors own 97.72% of the company's stock.

NRG Energy Stock Down 0.9 %

Shares of NYSE NRG traded down $1.09 during mid-day trading on Friday, hitting $119.25. The company had a trading volume of 3,027,998 shares, compared to its average volume of 2,957,567. The business's 50-day simple moving average is $99.45 and its 200 day simple moving average is $98.76. 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 $120.92. The company has a market capitalization of $24.29 billion, a PE ratio of 29.96, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00.

NRG Energy Announces Dividend

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

Analyst Ratings Changes

A number of research firms have weighed in on NRG. Guggenheim raised their price objective on shares of NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Wells Fargo & Company upped their price target 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. Morgan Stanley raised their target price on shares of NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. The Goldman Sachs Group began coverage on shares of NRG Energy in a research note on Friday, April 4th. They set a "buy" rating and a $129.00 price target on the stock. Finally, StockNews.com downgraded NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $126.38.

About NRG Energy

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.