Stevens Capital Management LP Acquires New Position in NRG Energy, Inc. (NYSE:NRG)

Stevens Capital Management LP bought a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,606 shares of the utilities provider's stock, valued at approximately $867,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. M&T Bank Corp lifted its position in NRG Energy by 0.3% during the third quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider's stock valued at $3,481,000 after buying an additional 113 shares during the period. McIlrath & Eck LLC lifted its position in 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 acquiring an additional 113 shares during the period. Schechter Investment Advisors LLC boosted its stake in NRG Energy by 0.8% during 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 holdings in 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 purchasing an additional 125 shares during the period. Finally, Grove Bank & Trust increased its stake 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 purchasing an additional 129 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.

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Analysts Set New Price Targets

NRG has been the topic of several recent research reports. StockNews.com downgraded NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Wells Fargo & Company increased their target price on NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Guggenheim lifted their price target on NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Morgan Stanley increased 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 report on Wednesday, February 19th. Finally, BMO Capital Markets lifted 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. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.29.

NRG Energy Stock Performance

Shares of NRG stock traded down $1.60 during trading hours on Thursday, reaching $95.77. The company had a trading volume of 1,958,055 shares, compared to its average volume of 2,936,178. The firm has a market cap of $19.51 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. The business has a fifty day moving average price of $101.94 and a 200-day moving average price of $95.45. NRG Energy, Inc. has a one year low of $65.11 and a one year high of $117.26. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.84%. This is a boost from NRG Energy's previous quarterly dividend of $0.41. The ex-dividend date was Monday, February 3rd. NRG Energy's dividend payout ratio is presently 35.92%.

Insider Transactions at NRG Energy

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total value of $5,484,600.00. Following the transaction, the vice president now directly owns 64,448 shares in the company, valued at approximately $5,891,191.68. This trade represents a 48.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sale, the chief financial officer now directly owns 69,454 shares of the company's stock, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.86% of the company's stock.

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.