CANADA LIFE ASSURANCE Co Sells 8,574 Shares of NRG Energy, Inc. (NYSE:NRG)

CANADA LIFE ASSURANCE Co decreased its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,023 shares of the utilities provider's stock after selling 8,574 shares during the period. CANADA LIFE ASSURANCE Co's holdings in NRG Energy were worth $7,486,000 at the end of the most recent reporting period.

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

NRG Energy Stock Up 0.9 %

Shares of NRG traded up $1.02 on Monday, hitting $109.35. 2,620,817 shares of the stock traded hands, compared to its average volume of 3,029,312. NRG Energy, Inc. has a one year low of $65.11 and a one year high of $117.26. The company has a market capitalization of $22.27 billion, a PE ratio of 27.47, a P/E/G ratio of 1.01 and a beta of 1.10. The business has a 50 day simple moving average of $97.57 and a 200 day simple moving average of $97.08. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Thursday, May 1st. NRG Energy's dividend payout ratio is currently 35.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Guggenheim raised their target price on shares of NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. BMO Capital Markets boosted their target price on shares of NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a report on Monday, March 3rd. Wells Fargo & Company lifted 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. Evercore ISI upgraded shares of NRG Energy from an "in-line" rating to an "outperform" rating and upped their price objective for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group began coverage on shares of NRG Energy in a report on Friday, April 4th. They set 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price 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.