Edgestream Partners L.P. Invests $1.31 Million in NRG Energy, Inc. (NYSE:NRG)

Edgestream Partners L.P. purchased a new position in NRG Energy, Inc. (NYSE:NRG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,538 shares of the utilities provider's stock, valued at approximately $1,312,000.

Other hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in shares of NRG Energy in the third quarter worth approximately $26,000. Covestor Ltd boosted its position in shares of NRG Energy by 74.7% in the third quarter. Covestor Ltd now owns 325 shares of the utilities provider's stock worth $30,000 after purchasing an additional 139 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of NRG Energy in the fourth quarter worth approximately $32,000. UMB Bank n.a. boosted its position in shares of NRG Energy by 100.4% in the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock worth $41,000 after purchasing an additional 228 shares during the period. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of NRG Energy in the third quarter worth approximately $43,000. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Price Performance

NRG Energy stock traded down $1.30 during mid-day trading on Thursday, reaching $91.17. 3,433,506 shares of the company's stock traded hands, compared to its average volume of 3,040,707. The company has a market cap of $18.06 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 1.01 and a beta of 1.13. The stock has a 50 day moving average of $102.26 and a two-hundred day moving average of $94.30. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a 12-month low of $62.40 and a 12-month high of $117.26.

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NRG Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a dividend of $0.44 per share. This is an increase from NRG Energy's previous quarterly dividend of $0.41. The ex-dividend date was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.93%. NRG Energy's dividend payout ratio is presently 35.92%.

Analyst Ratings Changes

A number of equities analysts have weighed in on NRG shares. Evercore ISI upgraded shares of NRG Energy from an "in-line" rating to an "outperform" rating and upped their price target for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Wells Fargo & Company boosted their target price on shares of NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. BMO Capital Markets boosted their target price on shares of NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a report on Monday, March 3rd. Guggenheim boosted their target price on shares of NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, StockNews.com downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.29.

Insider Activity at NRG Energy

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the transaction, the vice president now owns 64,448 shares in the company, valued at $5,891,191.68. The trade was a 48.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Bruce Chung sold 20,000 shares of the business's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the transaction, the chief financial officer now owns 69,454 shares in the company, valued at $6,780,794.02. This trade represents a 22.36 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

About NRG Energy

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.