Tower Research Capital LLC TRC Buys 4,836 Shares of NRG Energy, Inc. (NYSE:NRG)

Tower Research Capital LLC TRC grew its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 31.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,351 shares of the utilities provider's stock after purchasing an additional 4,836 shares during the quarter. Tower Research Capital LLC TRC's holdings in NRG Energy were worth $1,836,000 as of its most recent SEC filing.

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

NRG Energy Stock Down 0.3 %

NRG Energy stock traded down $0.33 during mid-day trading on Monday, reaching $108.00. The stock had a trading volume of 463,677 shares, compared to its average volume of 3,120,930. 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 fifty-two week low of $65.11 and a fifty-two week high of $117.26. The stock's 50-day simple moving average is $97.63 and its 200-day simple moving average is $96.94. The firm has a market capitalization of $22.00 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10.

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders 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 annualized dividend and a yield of 1.63%. NRG Energy's payout ratio is 35.92%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NRG shares. BMO Capital Markets lifted their price objective 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. Evercore ISI upgraded shares of NRG Energy from an "in-line" rating to an "outperform" rating and boosted their price target for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. The Goldman Sachs Group started coverage on shares of NRG Energy in a research note on Friday, April 4th. They set a "buy" rating and a $129.00 target price for the company. StockNews.com cut shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Finally, Guggenheim boosted their price objective on NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $124.00.

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.