Ensign Peak Advisors Inc Cuts Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Ensign Peak Advisors Inc lessened its stake in NRG Energy, Inc. (NYSE:NRG) by 18.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 154,415 shares of the utilities provider’s stock after selling 34,932 shares during the period. Ensign Peak Advisors Inc owned about 0.08% of NRG Energy worth $13,931,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NRG. Assenagon Asset Management S.A. lifted its position in NRG Energy by 1,010.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider’s stock valued at $140,504,000 after purchasing an additional 1,417,057 shares during the last quarter. Boston Partners bought a new stake in NRG Energy during the 4th quarter valued at $94,346,000. Appaloosa LP boosted its position in NRG Energy by 81.5% during the 4th quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider’s stock valued at $163,749,000 after buying an additional 815,180 shares during the period. Teacher Retirement System of Texas grew its holdings in NRG Energy by 350.4% in the 4th quarter. Teacher Retirement System of Texas now owns 904,265 shares of the utilities provider’s stock worth $81,583,000 after acquiring an additional 703,481 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of NRG Energy in the fourth quarter valued at about $61,679,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Jefferies Financial Group increased their target price on shares of NRG Energy from $113.00 to $132.00 and gave the stock a “buy” rating in a report on Monday, May 5th. The Goldman Sachs Group initiated coverage on NRG Energy in a research note on Friday, April 4th. They set a “buy” rating and a $129.00 target price on the stock. BMO Capital Markets raised their price target on NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a research note on Monday, March 3rd. Morgan Stanley boosted their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. Finally, StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $126.38.

NRG Energy Trading Down 0.9%

Shares of NYSE NRG opened at $119.25 on Monday. NRG Energy, Inc. has a 1 year low of $65.11 and a 1 year high of $124.67. 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 50-day moving average of $99.45 and a 200 day moving average of $98.83. The stock has a market cap of $24.29 billion, a P/E ratio of 29.96, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00.

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a $0.44 dividend. The ex-dividend date is Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.48%. NRG Energy’s dividend payout ratio is currently 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.