Aigen Investment Management LP Increases Holdings in NRG Energy, Inc. (NYSE:NRG)

Aigen Investment Management LP grew its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 23.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,218 shares of the utilities provider's stock after purchasing an additional 2,679 shares during the period. Aigen Investment Management LP's holdings in NRG Energy were worth $1,283,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. M&T Bank Corp increased its stake in NRG Energy by 0.3% in the third quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider's stock worth $3,481,000 after purchasing an additional 113 shares during the period. McIlrath & Eck LLC increased its stake in NRG Energy by 4.5% in the third quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider's stock worth $240,000 after purchasing an additional 113 shares during the period. Schechter Investment Advisors LLC increased its stake 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 purchasing an additional 120 shares during the period. Mather Group LLC. increased its stake 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 NRG Energy by 29.7% in the fourth quarter. Grove Bank & Trust now owns 564 shares of the utilities provider's stock worth $51,000 after purchasing an additional 129 shares during the period. Hedge funds and other institutional investors own 97.72% of the company's stock.

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NRG Energy Stock Down 3.4 %

NRG stock traded down $3.12 during trading on Friday, reaching $88.02. 4,669,265 shares of the company traded hands, compared to its average volume of 3,022,241. NRG Energy, Inc. has a 12 month low of $59.50 and a 12 month high of $117.26. The business has a 50 day simple moving average of $102.41 and a 200 day simple moving average of $94.18. The company has a market capitalization of $17.43 billion, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.44 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 2.00%. This is an increase from NRG Energy's previous quarterly dividend of $0.41. NRG Energy's dividend payout ratio (DPR) is presently 35.92%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. BMO Capital Markets increased their target price on NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a research note on Monday, March 3rd. Guggenheim raised their price target on NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Jefferies Financial Group upgraded NRG Energy from a "hold" rating to a "buy" rating and raised their price target for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Evercore ISI upgraded NRG Energy from an "in-line" rating to an "outperform" rating and raised their price target for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Finally, StockNews.com lowered NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $123.29.

Insider Activity at NRG Energy

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