Crossmark Global Holdings Inc. trimmed its holdings in NRG Energy Inc (NYSE:NRG) by 60.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 20,090 shares of the utilities provider’s stock after selling 30,688 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in NRG Energy were worth $572,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Lourd Capital LLC bought a new position in NRG Energy in the fourth quarter worth $271,000. Shell Asset Management Co. bought a new position in NRG Energy in the third quarter worth $1,766,000. Canada Pension Plan Investment Board lifted its position in NRG Energy by 1.3% in the third quarter. Canada Pension Plan Investment Board now owns 372,468 shares of the utilities provider’s stock worth $9,531,000 after purchasing an additional 4,700 shares during the period. Private Advisory Group LLC lifted its position in NRG Energy by 73.6% in the fourth quarter. Private Advisory Group LLC now owns 25,168 shares of the utilities provider’s stock worth $717,000 after purchasing an additional 10,670 shares during the period. Finally, Jennison Associates LLC lifted its position in NRG Energy by 82.1% in the third quarter. Jennison Associates LLC now owns 3,261,902 shares of the utilities provider’s stock worth $83,472,000 after purchasing an additional 1,470,410 shares during the period. 97.31% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently commented on NRG shares. Zacks Investment Research cut NRG Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 3rd. Bank of America started coverage on NRG Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $31.00 target price for the company. Finally, ValuEngine cut NRG Energy from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 27th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. NRG Energy currently has an average rating of “Buy” and an average price target of $24.67.
NRG Energy Inc (NYSE:NRG) opened at $25.22 on Tuesday. The stock has a market capitalization of $7,985.71, a price-to-earnings ratio of 18.68 and a beta of 1.15. NRG Energy Inc has a twelve month low of $14.52 and a twelve month high of $29.78. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.11 and a current ratio of 1.28.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.48%. NRG Energy’s payout ratio is presently -2.35%.
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About NRG Energy
NRG Energy, Inc (NRG) is an integrated power company. The Company is engaged in producing, selling and delivering electricity and related products and services in various markets in the United States. The Company’s segments include Generation, Retail, Renewables, NRG Yield, Inc (NRG Yield) and Corporate activities.
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