Bridgewater Associates LP Increases Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Bridgewater Associates LP lifted its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 47.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,185,365 shares of the utilities provider's stock after acquiring an additional 380,564 shares during the period. Bridgewater Associates LP owned approximately 0.59% of NRG Energy worth $106,944,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in NRG. SBI Securities Co. Ltd. bought a new position in NRG Energy in the 4th quarter worth about $32,000. UMB Bank n.a. boosted its position in shares of NRG Energy by 100.4% in the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock valued at $41,000 after acquiring an additional 228 shares during the period. Mizuho Bank Ltd. purchased a new position in NRG Energy during the fourth quarter valued at approximately $41,000. Princeton Global Asset Management LLC increased its holdings in NRG Energy by 414.9% during the 4th quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider's stock worth $44,000 after acquiring an additional 390 shares during the period. Finally, Larson Financial Group LLC lifted its stake in NRG Energy by 221.0% in the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock worth $45,000 after purchasing an additional 347 shares in the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NRG has been the topic of several recent analyst reports. BMO Capital Markets raised their price target on NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a report on Monday, March 3rd. Evercore ISI raised shares of NRG Energy from an "in-line" rating to an "outperform" rating and raised their target price for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Wells Fargo & Company boosted their price target on shares of NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Morgan Stanley raised 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. Finally, The Goldman Sachs Group started coverage on shares of NRG Energy in a research report on Friday, April 4th. They issued a "buy" rating and a $129.00 target price for the company. 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 currently has an average rating of "Moderate Buy" and an average price target of $124.00.

NRG Energy Trading Down 0.3 %

NRG traded down $0.25 on Friday, hitting $97.84. 1,945,570 shares of the company were exchanged, compared to its average volume of 3,037,185. 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, Inc. has a 12 month low of $65.11 and a 12 month high of $117.26. The firm has a fifty day simple moving average of $98.18 and a two-hundred day simple moving average of $96.58. The stock has a market capitalization of $19.93 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10.

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 issued 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 1.80%. 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.