13,500 Shares in NRG Energy, Inc. (NYSE:NRG) Purchased by Decade Renewable Partners LP

Decade Renewable Partners LP acquired a new position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,500 shares of the utilities provider's stock, valued at approximately $1,218,000.

Other hedge funds have also added to or reduced their stakes in the company. McIlrath & Eck LLC raised its holdings in shares of NRG Energy by 4.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider's stock worth $240,000 after purchasing an additional 113 shares during the period. Schechter Investment Advisors LLC increased its position in NRG Energy by 0.8% in the fourth quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider's stock worth $1,436,000 after buying an additional 120 shares during the last quarter. Mather Group LLC. raised its stake in shares of NRG Energy by 18.4% in the fourth quarter. Mather Group LLC. now owns 803 shares of the utilities provider's stock valued at $72,000 after buying an additional 125 shares during the period. Grove Bank & Trust lifted its position in shares of NRG Energy by 29.7% during the 4th quarter. Grove Bank & Trust now owns 564 shares of the utilities provider's stock valued at $51,000 after buying an additional 129 shares during the last quarter. Finally, Hanseatic Management Services Inc. grew its stake in shares of NRG Energy by 12.0% during the 4th quarter. Hanseatic Management Services Inc. now owns 1,244 shares of the utilities provider's stock worth $112,000 after acquiring an additional 133 shares during the period. Institutional investors own 97.72% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on NRG shares. Evercore ISI raised shares of NRG Energy from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. Morgan Stanley lifted 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 note on Wednesday, February 19th. Guggenheim raised their price target on NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. The Goldman Sachs Group initiated coverage on NRG Energy in a report on Friday, April 4th. They set a "buy" rating and a $129.00 price objective on the stock. Finally, Wells Fargo & Company lifted their target price on NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, NRG Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.00.

NRG Energy Trading Up 2.1 %

NYSE NRG opened at $108.36 on Monday. The stock's 50-day simple moving average is $97.63 and its two-hundred day simple moving average is $96.94. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $117.26. 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 company has a market capitalization of $22.07 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 1.01 and a beta of 1.10.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a $0.44 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.62%. NRG Energy's payout ratio is 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.

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