American Century Companies Inc. Has $16.73 Million Stake in NRG Energy, Inc. (NYSE:NRG)

American Century Companies Inc. lessened its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 44.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 185,394 shares of the utilities provider's stock after selling 151,190 shares during the period. American Century Companies Inc. owned approximately 0.09% of NRG Energy worth $16,726,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NRG. SBI Securities Co. Ltd. acquired a new stake in shares of NRG Energy in the fourth quarter valued at approximately $32,000. UMB Bank n.a. increased its stake in NRG Energy by 100.4% in the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock valued at $41,000 after buying an additional 228 shares during the last quarter. Princeton Global Asset Management LLC lifted its position in NRG Energy by 414.9% during the 4th 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 boosted its stake in shares of NRG Energy by 221.0% during the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock worth $45,000 after buying an additional 347 shares during the last quarter. Finally, Grove Bank & Trust grew its holdings 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 acquiring an additional 129 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 69,454 shares of the company's stock, valued at $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 SEC, which is available through this link. 0.86% of the stock is owned by company insiders.

NRG Energy Price Performance

Shares of NRG stock traded down $9.39 during trading on Friday, hitting $83.38. The company had a trading volume of 6,875,881 shares, compared to its average volume of 3,080,309. The firm has a market capitalization of $16.98 billion, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10. 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. The stock's 50-day moving average price is $100.23 and its 200 day moving average price is $96.18.

NRG Energy Increases Dividend

The business also recently announced 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 is a positive change from NRG Energy's previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Monday, February 3rd. NRG Energy's dividend payout ratio is 35.92%.

Wall Street Analyst Weigh In

NRG has been the topic of several analyst reports. StockNews.com lowered NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Wells Fargo & Company lifted their price objective 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. BMO Capital Markets upped their target price on shares of NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a report on Monday, March 3rd. Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and boosted their price target for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Finally, Guggenheim raised their price objective on NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, NRG Energy presently has a consensus rating of "Moderate Buy" and an average target price 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.