AMF Tjanstepension AB Trims Position in NRG Energy, Inc. (NYSE:NRG)

AMF Tjanstepension AB reduced its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 16.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,645 shares of the utilities provider's stock after selling 17,226 shares during the period. AMF Tjanstepension AB's holdings in NRG Energy were worth $7,642,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. M&T Bank Corp raised its stake in NRG Energy by 0.3% during the 3rd quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider's stock worth $3,481,000 after acquiring an additional 113 shares in the last quarter. McIlrath & Eck LLC grew its holdings in shares of NRG Energy by 4.5% during 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 last quarter. Schechter Investment Advisors LLC increased its position in shares of NRG Energy by 0.8% during 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 in the last quarter. Mather Group LLC. lifted its holdings in shares of NRG Energy by 18.4% in the 4th quarter. Mather Group LLC. now owns 803 shares of the utilities provider's stock valued at $72,000 after purchasing an additional 125 shares during the last quarter. Finally, Grove Bank & Trust boosted its position 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 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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Analysts Set New Price Targets

A number of brokerages have weighed in on NRG. Evercore ISI upgraded NRG Energy from an "in-line" rating to an "outperform" rating and boosted their price objective for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Guggenheim lifted their price objective on shares of 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 shares of NRG Energy from a "hold" rating to a "buy" rating and increased their target price for the stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. BMO Capital Markets raised their price target on NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a report on Monday, March 3rd. Finally, Morgan Stanley upped their price objective on NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, NRG Energy has an average rating of "Moderate Buy" and an average target price of $123.29.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the completion of the transaction, the chief financial officer now owns 69,454 shares in the company, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Robert J. Gaudette sold 60,000 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the completion of the sale, the vice president now directly owns 64,448 shares in the company, valued at $5,891,191.68. This trade 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.

NRG Energy Price Performance

Shares of NRG Energy stock traded up $3.78 during trading on Wednesday, reaching $92.40. The company's stock had a trading volume of 4,918,956 shares, compared to its average volume of 3,051,662. The business has a 50 day moving average price of $102.22 and a 200-day moving average price of $94.31. The company has a market capitalization of $18.30 billion, a P/E ratio of 23.22, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a 12-month low of $60.23 and a 12-month high of $117.26.

NRG Energy Increases Dividend

The company also recently announced 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 1.90%. This is an increase from NRG Energy's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, February 3rd. NRG Energy's payout ratio is presently 35.92%.

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.