Quarry LP reduced its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 17.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,380 shares of the utilities provider's stock after selling 8,228 shares during the quarter. NRG Energy makes up about 0.5% of Quarry LP's investment portfolio, making the stock its 19th biggest holding. Quarry LP's holdings in NRG Energy were worth $3,553,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. McIlrath & Eck LLC raised its holdings in shares of NRG Energy by 4.5% during the third quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider's stock valued at $240,000 after buying an additional 113 shares during the last quarter. Schechter Investment Advisors LLC raised its stake in NRG Energy by 0.8% during the 4th quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider's stock valued at $1,436,000 after acquiring an additional 120 shares in the last quarter. Mather Group LLC. boosted its position in 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 acquiring an additional 125 shares during the period. Grove Bank & Trust lifted its holdings in NRG Energy by 29.7% in the fourth quarter. Grove Bank & Trust now owns 564 shares of the utilities provider's stock worth $51,000 after purchasing an additional 129 shares during the period. Finally, Hanseatic Management Services Inc. boosted its holdings in shares of NRG Energy by 12.0% in the fourth 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 in the last quarter. 97.72% of the stock is currently owned by institutional investors.
NRG Energy Stock Performance
Shares of NYSE NRG traded up $3.22 during mid-day trading on Friday, hitting $117.36. The company had a trading volume of 1,257,808 shares, compared to its average volume of 3,021,554. NRG Energy, Inc. has a 12 month low of $65.11 and a 12 month high of $117.87. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The firm has a market cap of $23.90 billion, a P/E ratio of 29.51, a PEG ratio of 1.01 and a beta of 1.10. The business's 50-day simple moving average is $97.83 and its 200-day simple moving average is $97.42.
NRG Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid 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 1.50%. NRG Energy's payout ratio is 35.92%.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on NRG. Morgan Stanley upped their price objective on NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. BMO Capital Markets upped their price target on shares of NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a research note on Monday, March 3rd. StockNews.com cut shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Wells Fargo & Company raised their target price on NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Finally, Evercore ISI raised 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. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $124.00.
View Our Latest Stock Analysis on NRG
NRG Energy Company Profile
(
Free Report)
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.
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