Aware Super Pty Ltd as trustee of Aware Super Makes New $1.71 Million Investment in NRG Energy, Inc. (NYSE:NRG)

Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 18,957 shares of the utilities provider's stock, valued at approximately $1,710,000.

Other hedge funds have also recently bought and sold shares of the company. Everence Capital Management Inc. acquired a new stake in NRG Energy in the 4th quarter valued at about $549,000. Meyer Handelman Co. lifted its position in shares of NRG Energy by 43.8% in the fourth quarter. Meyer Handelman Co. now owns 78,982 shares of the utilities provider's stock valued at $7,126,000 after buying an additional 24,062 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its stake in NRG Energy by 25.1% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider's stock valued at $4,557,000 after acquiring an additional 10,031 shares during the period. CWA Asset Management Group LLC acquired a new stake in NRG Energy during the 4th quarter valued at $1,340,000. Finally, Affinity Wealth Management LLC boosted its position in NRG Energy by 7.8% during the fourth quarter. Affinity Wealth Management LLC now owns 42,748 shares of the utilities provider's stock worth $3,857,000 after purchasing an additional 3,084 shares during the period. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Price Performance

NYSE NRG traded down $4.43 during midday trading on Monday, hitting $93.43. The company had a trading volume of 330,617 shares, compared to its average volume of 3,026,532. The company has a market capitalization of $19.03 billion, a PE ratio of 23.47, a P/E/G ratio of 1.01 and a beta of 1.10. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $117.26. The firm has a 50-day moving average price of $98.18 and a 200-day moving average price of $96.60.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.88%. The ex-dividend date is Thursday, May 1st. NRG Energy's payout ratio is presently 35.92%.

Wall Street Analysts Forecast Growth

NRG has been the subject of a number of research reports. BMO Capital Markets raised their target price on shares of 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 boosted their price objective on NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. StockNews.com lowered NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Wells Fargo & Company boosted their price target on NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Finally, Evercore ISI upgraded NRG Energy from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, NRG Energy presently has an average rating of "Moderate Buy" and a consensus price target of $124.00.

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.