American Century Companies Inc. Sells 151,190 Shares of NRG Energy, Inc. (NYSE:NRG)

American Century Companies Inc. reduced its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 44.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 185,394 shares of the utilities provider's stock after selling 151,190 shares during the period. American Century Companies Inc. owned 0.09% of NRG Energy worth $16,726,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in NRG Energy during the fourth quarter worth about $32,000. UMB Bank n.a. lifted its position in NRG Energy by 100.4% in the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock worth $41,000 after purchasing an additional 228 shares during the period. Princeton Global Asset Management LLC boosted its stake in NRG Energy by 414.9% during the fourth quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider's stock worth $44,000 after buying an additional 390 shares in the last quarter. Larson Financial Group LLC increased its holdings in NRG Energy by 221.0% in the 4th 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. Finally, Grove Bank & Trust raised its stake in shares of NRG Energy by 29.7% in the 4th quarter. Grove Bank & Trust now owns 564 shares of the utilities provider's stock valued at $51,000 after buying an additional 129 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at NRG Energy

In related news, CFO Bruce Chung sold 20,000 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the completion of the sale, the chief financial officer now directly owns 69,454 shares of the company's stock, valued at approximately $6,780,794.02. This represents a 22.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.86% of the company's stock.

NRG Energy Trading Down 9.8 %

NRG traded down $10.11 during trading on Thursday, reaching $92.78. 3,435,655 shares of the company's stock were exchanged, compared to its average volume of 3,080,707. The company's fifty day moving average price is $101.16 and its 200-day moving average price is $96.08. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The firm has a market capitalization of $18.90 billion, a PE ratio of 23.31, a P/E/G ratio of 1.01 and a beta of 1.13. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $117.26.

NRG Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.90%. This is a boost from NRG Energy's previous quarterly dividend of $0.41. NRG Energy's payout ratio is currently 35.92%.

Analyst Ratings Changes

A number of analysts recently weighed in on NRG shares. Morgan Stanley upped their target price on shares of NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Wells Fargo & Company lifted their price objective on NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Guggenheim increased their target price 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 upgraded shares of NRG Energy from an "in-line" rating to an "outperform" rating and boosted their price target for the company from $74.00 to $126.00 in a research report on Tuesday, January 21st. Finally, BMO Capital Markets lifted their target price on shares of NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a research note on Monday, March 3rd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, NRG Energy has a consensus rating of "Moderate Buy" and an average price target of $123.29.

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.