Adage Capital Partners GP L.L.C. Trims Position in NRG Energy, Inc. (NYSE:NRG)

Adage Capital Partners GP L.L.C. trimmed its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 31.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 289,252 shares of the utilities provider's stock after selling 130,300 shares during the period. Adage Capital Partners GP L.L.C. owned 0.14% of NRG Energy worth $26,096,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of NRG Energy in the 4th quarter worth about $32,000. UMB Bank n.a. boosted its holdings 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 valued at $41,000 after purchasing an additional 228 shares during the period. Mizuho Bank Ltd. purchased a new stake in shares of NRG Energy in the 4th quarter worth $41,000. Princeton Global Asset Management LLC lifted its stake in NRG Energy by 414.9% in the fourth quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider's stock worth $44,000 after acquiring an additional 390 shares during the period. Finally, Larson Financial Group LLC boosted its stake in shares of NRG Energy by 221.0% during the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock valued at $45,000 after purchasing an additional 347 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.

NRG Energy Stock Performance

NRG Energy stock traded up $0.13 during mid-day trading on Tuesday, reaching $109.49. 1,745,308 shares of the company traded hands, compared to its average volume of 3,024,192. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $117.26. The firm's fifty day moving average is $97.57 and its two-hundred day moving average is $97.08. 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 company has a market capitalization of $22.30 billion, a price-to-earnings ratio of 27.51, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.44 per share. 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 1.61%. NRG Energy's dividend payout ratio is currently 35.92%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. StockNews.com lowered NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Wells Fargo & Company increased their price target on shares of NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Guggenheim lifted their price objective on shares of NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Evercore ISI raised shares of NRG Energy from an "in-line" rating to an "outperform" rating and increased their target price for the company from $74.00 to $126.00 in a research report on Tuesday, January 21st. Finally, The Goldman Sachs Group initiated coverage on shares of NRG Energy in a report on Friday, April 4th. They issued a "buy" rating and a $129.00 price target on the stock. Three investment 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 currently has a consensus rating of "Moderate Buy" and an average price target of $124.00.

NRG Energy 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.