Panagora Asset Management Inc. increased its holdings in shares of NRG Energy, Inc. (NYSE:NRG – Free Report) by 39.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 642,570 shares of the utilities provider’s stock after purchasing an additional 181,093 shares during the period. Panagora Asset Management Inc.’s holdings in NRG Energy were worth $102,323,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. MML Investors Services LLC grew its holdings in NRG Energy by 12.4% during the fourth quarter. MML Investors Services LLC now owns 26,262 shares of the utilities provider’s stock worth $4,182,000 after purchasing an additional 2,895 shares during the period. Motiv8 Investments LLC bought a new position in NRG Energy during the fourth quarter worth about $27,000. Focus Partners Wealth lifted its position in NRG Energy by 112.3% during the fourth quarter. Focus Partners Wealth now owns 108,425 shares of the utilities provider’s stock worth $17,266,000 after acquiring an additional 57,361 shares during the last quarter. KCM Investment Advisors LLC bought a new stake in shares of NRG Energy during the fourth quarter worth approximately $526,000. Finally, Kennedy Capital Management LLC boosted its holdings in shares of NRG Energy by 9.6% during the fourth quarter. Kennedy Capital Management LLC now owns 78,956 shares of the utilities provider’s stock worth $12,573,000 after acquiring an additional 6,934 shares during the period. Institutional investors own 97.72% of the company’s stock.
NRG Energy Trading Up 0.1%
Shares of NRG stock opened at $125.57 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 4.68. The stock has a market cap of $26.49 billion, a P/E ratio of 147.73 and a beta of 1.25. The stock has a 50 day simple moving average of $144.45 and a 200 day simple moving average of $153.80. NRG Energy, Inc. has a 1 year low of $120.11 and a 1 year high of $189.96.
NRG Energy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, May 1st. NRG Energy’s payout ratio is 223.53%.
Analysts Set New Price Targets
NRG has been the subject of a number of research analyst reports. Barclays reduced their price objective on NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. BNP Paribas Exane initiated coverage on NRG Energy in a report on Wednesday, March 18th. They set an “outperform” rating and a $232.00 price objective for the company. Wolfe Research upgraded NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a report on Wednesday, March 18th. Raymond James Financial set a $210.00 price objective on NRG Energy in a report on Monday, April 27th. Finally, Zacks Research upgraded NRG Energy from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $199.69.
View Our Latest Stock Report on NRG
NRG Energy Profile
NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.
NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.
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