NRG Energy, Inc. (NYSE:NRG) Shares Sold by Permian Investment Partners LP

Permian Investment Partners LP reduced its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 13.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,406,836 shares of the utilities provider's stock after selling 224,600 shares during the quarter. NRG Energy comprises 19.7% of Permian Investment Partners LP's holdings, making the stock its biggest position. Permian Investment Partners LP owned 0.69% of NRG Energy worth $126,925,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in NRG. McIlrath & Eck LLC grew its position in shares of NRG Energy by 4.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider's stock worth $240,000 after buying an additional 113 shares during the period. Schechter Investment Advisors LLC grew its stake in NRG Energy by 0.8% in the 4th quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider's stock valued at $1,436,000 after purchasing an additional 120 shares during the period. Mather Group LLC. increased its stake in shares of NRG Energy by 18.4% during the 4th quarter. Mather Group LLC. now owns 803 shares of the utilities provider's stock worth $72,000 after purchasing an additional 125 shares during the last quarter. Grove Bank & Trust increased its holdings in NRG Energy by 29.7% in the 4th quarter. Grove Bank & Trust now owns 564 shares of the utilities provider's stock worth $51,000 after acquiring an additional 129 shares during the last quarter. Finally, Hanseatic Management Services Inc. raised its holdings in NRG Energy by 12.0% during the 4th quarter. Hanseatic Management Services Inc. now owns 1,244 shares of the utilities provider's stock valued at $112,000 after acquiring an additional 133 shares during the period. Institutional investors and hedge funds own 97.72% of the company's stock.

Analyst Upgrades and Downgrades

NRG has been the subject of several recent analyst reports. BMO Capital Markets boosted their price objective on NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a report on Monday, March 3rd. StockNews.com downgraded NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. The Goldman Sachs Group began coverage on shares of NRG Energy in a research note on Friday, April 4th. They set a "buy" rating and a $129.00 price objective for the company. Jefferies Financial Group boosted their price target on NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research note on Monday. Finally, Wells Fargo & Company boosted their target price on shares of NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $126.38.

NRG Energy Trading Up 0.6 %

NRG traded up $0.68 on Tuesday, hitting $116.91. The company had a trading volume of 928,997 shares, compared to its average volume of 3,010,762. The company's fifty day moving average price is $98.16 and its 200 day moving average price is $97.94. NRG Energy, Inc. has a 1 year low of $65.11 and a 1 year high of $117.90. The firm has a market cap of $23.81 billion, a P/E ratio of 29.39, a PEG ratio of 1.01 and a beta of 1.00. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, May 1st. NRG Energy's dividend payout ratio (DPR) is presently 35.92%.

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.