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Everence Capital Management Inc. Invests $549,000 in NRG Energy, Inc. (NYSE:NRG)

NRG Energy logo with Utilities background

Everence Capital Management Inc. bought a new stake in NRG Energy, Inc. (NYSE:NRG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,090 shares of the utilities provider's stock, valued at approximately $549,000.

A number of other large investors also recently made changes to their positions in NRG. M&T Bank Corp boosted its holdings in NRG Energy by 0.3% in the 3rd quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider's stock valued at $3,481,000 after purchasing an additional 113 shares during the period. McIlrath & Eck LLC raised its position in shares of NRG Energy by 4.5% in the third 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. Castle Rock Wealth Management LLC boosted its stake in shares of NRG Energy by 3.5% in the third quarter. Castle Rock Wealth Management LLC now owns 3,746 shares of the utilities provider's stock valued at $356,000 after buying an additional 126 shares during the period. Park Avenue Securities LLC grew its position in NRG Energy by 2.8% during the third quarter. Park Avenue Securities LLC now owns 4,910 shares of the utilities provider's stock worth $447,000 after buying an additional 134 shares in the last quarter. Finally, Covestor Ltd increased its stake in NRG Energy by 74.7% during the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider's stock worth $30,000 after acquiring an additional 139 shares during the period. Institutional investors own 97.72% of the company's stock.

NRG Energy Price Performance

Shares of NRG Energy stock traded up $5.75 during midday trading on Friday, hitting $98.50. 2,701,150 shares of the company traded hands, compared to its average volume of 2,441,825. The firm's fifty day moving average price is $93.87 and its 200-day moving average price is $86.04. The stock has a market cap of $19.95 billion, a price-to-earnings ratio of 24.75, a PEG ratio of 1.29 and a beta of 1.12. NRG Energy, Inc. has a 12 month low of $50.23 and a 12 month high of $103.14. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.4075 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.63 annualized dividend and a dividend yield of 1.65%. NRG Energy's dividend payout ratio (DPR) is presently 40.95%.

Wall Street Analyst Weigh In

NRG has been the subject of a number of recent analyst reports. BMO Capital Markets upped their target price on NRG Energy from $94.00 to $100.00 and gave the company a "market perform" rating in a research report on Tuesday, November 19th. Wells Fargo & Company upped their price objective on shares of NRG Energy from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. Jefferies Financial Group raised shares of NRG Energy from a "hold" rating to a "buy" rating and raised their target price for the company from $93.00 to $113.00 in a report on Tuesday, November 26th. Guggenheim upped their price target on shares of NRG Energy from $77.00 to $118.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Finally, Citigroup lifted their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, NRG Energy presently has an average rating of "Moderate Buy" and a consensus target price of $102.71.

View Our Latest Research Report on NRG

About NRG Energy

(Free Report)

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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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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