Swiss National Bank increased its stake in NRG Energy Inc (NYSE:NRG) by 2.5% during the 4th quarter, Holdings Channel reports. The fund owned 539,100 shares of the utilities provider’s stock after buying an additional 12,900 shares during the period. Swiss National Bank’s holdings in NRG Energy were worth $15,354,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tiedemann Wealth Management LLC boosted its position in shares of NRG Energy by 49.3% in the third quarter. Tiedemann Wealth Management LLC now owns 18,199 shares of the utilities provider’s stock worth $101,000 after acquiring an additional 6,011 shares during the last quarter. Invictus RG acquired a new stake in shares of NRG Energy in the third quarter worth approximately $110,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of NRG Energy by 54.7% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,076 shares of the utilities provider’s stock worth $175,000 after acquiring an additional 2,148 shares during the last quarter. Parkwood LLC acquired a new stake in shares of NRG Energy in the third quarter worth approximately $205,000. Finally, Parametrica Management Ltd acquired a new stake in shares of NRG Energy in the fourth quarter worth approximately $205,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently commented on NRG. Bank of America began coverage on shares of NRG Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $31.00 price target on the stock. Zacks Investment Research upgraded shares of NRG Energy from a “sell” rating to a “hold” rating in a report on Monday, February 12th. Finally, ValuEngine lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. NRG Energy currently has an average rating of “Buy” and a consensus price target of $24.67.
Shares of NRG Energy Inc (NYSE:NRG) opened at $25.22 on Tuesday. The stock has a market cap of $7,985.71, a P/E ratio of -4.95 and a beta of 1.15. NRG Energy Inc has a 12 month low of $14.52 and a 12 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were paid 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 dividend payout ratio is currently -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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