Two Sigma Securities LLC boosted its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 258.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,017 shares of the utilities provider's stock after purchasing an additional 3,617 shares during the quarter. Two Sigma Securities LLC's holdings in NRG Energy were worth $453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in NRG Energy during the fourth quarter valued at $32,000. Mizuho Bank Ltd. purchased a new stake in NRG Energy during the 4th quarter valued at about $41,000. UMB Bank n.a. grew its holdings in NRG Energy by 100.4% in the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock valued at $41,000 after buying an additional 228 shares in the last quarter. Princeton Global Asset Management LLC increased its holdings in shares of NRG Energy by 414.9% during the 4th quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider's stock worth $44,000 after buying an additional 390 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in shares of NRG Energy by 221.0% during the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock worth $45,000 after purchasing an additional 347 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have weighed in on NRG shares. Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and lifted their target price for the company from $74.00 to $126.00 in a research report on Tuesday, January 21st. The Goldman Sachs Group began coverage on NRG Energy in a research note on Friday, April 4th. They set a "buy" rating and a $129.00 target price for the company. Wells Fargo & Company increased their price objective 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. StockNews.com cut NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Finally, BMO Capital Markets raised their target price on NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a research report on Monday, March 3rd. Three research 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 presently has an average rating of "Moderate Buy" and an average target price of $124.00.
Get Our Latest Stock Report on NRG
NRG Energy Stock Up 2.8 %
Shares of NYSE NRG traded up $3.23 during trading on Friday, reaching $117.37. 1,107,221 shares of the stock were exchanged, compared to its average volume of 3,021,015. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $117.87. The company has a market capitalization of $23.90 billion, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10. 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 moving average price is $97.83 and its 200 day moving average price is $97.42.
NRG Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Thursday, May 1st. NRG Energy's dividend payout ratio is presently 35.92%.
NRG Energy 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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