Banco Bilbao Vizcaya Argentaria S.A. Has $583,000 Holdings in NRG Energy, Inc. (NYSE:NRG)

Banco Bilbao Vizcaya Argentaria S.A. reduced its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 27.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,437 shares of the utilities provider's stock after selling 2,395 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in NRG Energy were worth $583,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Assenagon Asset Management S.A. grew its position in 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 last quarter. Boston Partners acquired a new stake in NRG Energy during the fourth quarter worth $94,346,000. Appaloosa LP increased its holdings 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 period. Teacher Retirement System of Texas raised its stake in shares of NRG Energy by 350.4% in the 4th quarter. Teacher Retirement System of Texas now owns 904,265 shares of the utilities provider's stock valued at $81,583,000 after buying an additional 703,481 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of NRG Energy during the 4th quarter valued at about $61,679,000. 97.72% of the stock is owned by institutional investors.

NRG Energy Trading Up 4.2 %

NYSE:NRG traded up $4.60 during trading hours on Thursday, hitting $114.18. 3,092,438 shares of the stock were exchanged, compared to its average volume of 3,028,475. The company's 50 day moving average is $97.83 and its two-hundred day moving average is $97.42. The company has a market capitalization of $23.26 billion, a P/E ratio of 28.69, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $117.26. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57.

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 given a $0.44 dividend. The ex-dividend date is Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.54%. NRG Energy's payout ratio is 35.92%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. 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 target for the company. Guggenheim upped their price target on NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Evercore ISI raised shares of NRG Energy from an "in-line" rating to an "outperform" rating and upped their target price for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Morgan Stanley lifted their price target on shares of NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Finally, Wells Fargo & Company boosted their price target on shares of NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, NRG Energy has an average rating of "Moderate Buy" and an average target price of $124.00.

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.