NewEdge Advisors LLC Decreases Position in NRG Energy, Inc. (NYSE:NRG)

NewEdge Advisors LLC lowered its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 20.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,245 shares of the utilities provider's stock after selling 4,555 shares during the period. NewEdge Advisors LLC's holdings in NRG Energy were worth $1,556,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Banco Santander S.A. increased its position in 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 buying an additional 7,500 shares in the last quarter. Appaloosa LP raised its position in shares of 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 purchasing an additional 815,180 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake 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 in the last quarter. Russell Investments Group Ltd. increased its stake in NRG Energy by 4.2% during the 4th quarter. Russell Investments Group Ltd. now owns 1,414,186 shares of the utilities provider's stock valued at $127,614,000 after purchasing an additional 56,944 shares in the last quarter. Finally, Prudential Financial Inc. raised its holdings in shares of NRG Energy by 3.1% in the fourth quarter. Prudential Financial Inc. now owns 1,374,245 shares of the utilities provider's stock worth $123,984,000 after buying an additional 41,094 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Price Performance

Shares of NYSE:NRG traded down $0.52 during midday trading on Tuesday, hitting $108.84. The company's stock had a trading volume of 394,589 shares, compared to its average volume of 3,018,972. NRG Energy, Inc. has a 12-month low of $65.11 and a 12-month high of $117.26. The company has a market cap of $22.17 billion, a P/E ratio of 27.36, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The business's 50 day simple moving average is $97.57 and its 200 day simple moving average is $97.08.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a $0.44 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.62%. NRG Energy's dividend payout ratio (DPR) is presently 35.92%.

Analyst Ratings Changes

A number of brokerages recently issued reports on NRG. Wells Fargo & Company raised their target price on NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Guggenheim upped their target price 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 raised their price target for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. StockNews.com lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Finally, The Goldman Sachs Group started coverage on NRG Energy in a report on Friday, April 4th. They set a "buy" rating and a $129.00 target price on the stock. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.