Kapitalo Investimentos Ltda Trims Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Kapitalo Investimentos Ltda cut its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 72.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,082 shares of the utilities provider's stock after selling 2,798 shares during the quarter. Kapitalo Investimentos Ltda's holdings in NRG Energy were worth $98,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. AdvisorShares Investments LLC purchased a new position in NRG Energy during the 4th quarter valued at $469,000. Lido Advisors LLC boosted its stake in shares of NRG Energy by 49.6% during the 4th quarter. Lido Advisors LLC now owns 8,186 shares of the utilities provider's stock valued at $739,000 after purchasing an additional 2,715 shares in the last quarter. Northern Trust Corp increased its position in shares of NRG Energy by 16.1% during the fourth 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. Decade Renewable Partners LP bought a new position in NRG Energy in the fourth quarter worth about $1,218,000. Finally, Lonestar Capital Management LLC purchased a new stake in NRG Energy in the fourth quarter worth about $2,977,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NRG. Wells Fargo & Company upped their price target on NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. BMO Capital Markets upped their target price on shares of NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a research report on Monday, March 3rd. Evercore ISI raised shares of NRG Energy from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $74.00 to $126.00 in a research report on Tuesday, January 21st. 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 price objective on the stock. Finally, StockNews.com cut NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, NRG Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.38.

NRG Energy Stock Performance

NYSE:NRG traded up $0.99 on Tuesday, hitting $117.22. The stock had a trading volume of 669,195 shares, compared to its average volume of 3,009,875. NRG Energy, Inc. has a 52-week low of $65.11 and a 52-week high of $117.90. The stock has a market cap of $23.87 billion, a price-to-earnings ratio of 29.47, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The business's 50-day simple moving average is $98.16 and its two-hundred day simple moving average is $97.94.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, May 1st. This represents a $1.76 annualized dividend and a yield of 1.50%. NRG Energy's dividend payout ratio (DPR) is 35.92%.

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.