AlphaQuest LLC Has $410,000 Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

AlphaQuest LLC lowered its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 58.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,544 shares of the utilities provider's stock after selling 6,314 shares during the quarter. AlphaQuest LLC's holdings in NRG Energy were worth $410,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NRG. Amundi lifted its holdings in shares of NRG Energy by 76.3% during the 4th quarter. Amundi now owns 501,787 shares of the utilities provider's stock valued at $49,446,000 after purchasing an additional 217,167 shares in the last quarter. Fairfield Financial Advisors LTD acquired a new position in shares of NRG Energy in the fourth quarter valued at approximately $83,000. Larson Financial Group LLC boosted its holdings in shares of NRG Energy by 221.0% in the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock valued at $45,000 after buying an additional 347 shares during the period. Banco Santander S.A. increased its position in shares of NRG Energy by 0.3% during the fourth quarter. Banco Santander S.A. now owns 2,828,000 shares of the utilities provider's stock worth $255,142,000 after acquiring an additional 7,500 shares in the last quarter. Finally, Machina Capital S.A.S. raised its holdings in shares of NRG Energy by 44.2% during the fourth quarter. Machina Capital S.A.S. now owns 20,978 shares of the utilities provider's stock worth $1,893,000 after acquiring an additional 6,426 shares during the period. Institutional investors own 97.72% of the company's stock.

NRG Energy Stock Performance

Shares of NRG opened at $91.17 on Friday. 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 50-day moving average of $102.26 and a 200-day moving average of $94.30. The company has a market cap of $18.06 billion, a PE ratio of 22.91, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. NRG Energy, Inc. has a one year low of $62.40 and a one year high of $117.26.

NRG Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Monday, February 3rd. This is an increase from NRG Energy's previous quarterly dividend of $0.41. NRG Energy's payout ratio is 35.92%.

Analysts Set New Price Targets

A number of research firms have issued reports on NRG. StockNews.com cut NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Morgan Stanley increased their price objective on NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. Jefferies Financial Group upgraded NRG Energy from a "hold" rating to a "buy" rating and boosted their target price for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Evercore ISI raised shares of NRG Energy from an "in-line" rating to an "outperform" rating and raised their price target for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. Finally, BMO Capital Markets boosted their price objective on shares of NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a research report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, NRG Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.29.

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Insider Buying and Selling at NRG Energy

In related news, VP Robert J. Gaudette sold 60,000 shares of the stock in a transaction on 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 sale, the vice president now owns 64,448 shares in the company, valued at approximately $5,891,191.68. This represents a 48.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bruce Chung sold 20,000 shares of the firm's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $97.63, for a total value 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 $6,780,794.02. This represents a 22.36 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company's stock.

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.

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