Harvest Investment Services LLC Takes $2.23 Million Position in NRG Energy, Inc. (NYSE:NRG)

Harvest Investment Services LLC purchased a new position in NRG Energy, Inc. (NYSE:NRG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,757 shares of the utilities provider's stock, valued at approximately $2,234,000.

Several other large investors have also bought and sold shares of the company. McIlrath & Eck LLC boosted its holdings in shares of NRG Energy by 4.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider's stock valued at $240,000 after buying an additional 113 shares in the last quarter. Schechter Investment Advisors LLC boosted its holdings 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 acquiring an additional 120 shares in the last quarter. Mather Group LLC. grew 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 worth $72,000 after acquiring an additional 125 shares during the last quarter. Grove Bank & Trust increased its holdings in shares of NRG Energy by 29.7% during the fourth quarter. Grove Bank & Trust now owns 564 shares of the utilities provider's stock valued at $51,000 after acquiring an additional 129 shares in the last quarter. Finally, Hanseatic Management Services Inc. boosted its stake in NRG Energy by 12.0% in the 4th quarter. Hanseatic Management Services Inc. now owns 1,244 shares of the utilities provider's stock worth $112,000 after purchasing an additional 133 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

NRG Energy Stock Performance

Shares of NRG traded up $2.25 during trading hours on Friday, hitting $108.36. The stock had a trading volume of 1,810,178 shares, compared to its average volume of 3,025,555. NRG Energy, Inc. has a 12 month low of $65.11 and a 12 month high of $117.26. The stock has a fifty day moving average price of $97.63 and a 200 day moving average price of $96.82. 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 market capitalization of $22.07 billion, a PE ratio of 27.23, a PEG ratio of 1.01 and a beta of 1.10.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Thursday, May 1st. NRG Energy's dividend payout ratio (DPR) is presently 35.92%.

Analyst Ratings Changes

A number of research firms have weighed in on NRG. BMO Capital Markets raised their price objective on shares of NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a research note on Monday, March 3rd. The Goldman Sachs Group started coverage on NRG Energy in a research report on Friday, April 4th. They issued a "buy" rating and a $129.00 price objective on the stock. Morgan Stanley lifted their target price on NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. StockNews.com cut NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Finally, Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and increased their price objective for the company from $74.00 to $126.00 in a research report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, NRG Energy has a consensus rating of "Moderate Buy" and a consensus target price of $124.00.

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.