Banco Santander S.A. Has $255.14 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Banco Santander S.A. increased its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,828,000 shares of the utilities provider's stock after acquiring an additional 7,500 shares during the quarter. NRG Energy makes up about 3.1% of Banco Santander S.A.'s investment portfolio, making the stock its 5th largest position. Banco Santander S.A. owned approximately 1.40% of NRG Energy worth $255,142,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in shares of NRG Energy during the 3rd quarter worth $26,000. Covestor Ltd raised its holdings in shares of NRG Energy by 74.7% in the third quarter. Covestor Ltd now owns 325 shares of the utilities provider's stock worth $30,000 after buying an additional 139 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in NRG Energy during the 4th quarter valued at about $32,000. Harbor Capital Advisors Inc. purchased a new position in NRG Energy during the 3rd quarter worth approximately $35,000. Finally, UMB Bank n.a. grew its position in NRG Energy by 100.4% during the 4th 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. Hedge funds and other institutional investors own 97.72% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday. BMO Capital Markets increased their target price on NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a report on Monday, March 3rd. Morgan Stanley lifted their price target on NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 19th. Jefferies Financial Group raised shares of NRG Energy from a "hold" rating to a "buy" rating and lifted their target price for the stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. Finally, Guggenheim increased their price objective on shares of NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Three research 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 currently has an average rating of "Moderate Buy" and a consensus price target of $123.29.

Remove Ads

Insiders Place Their Bets

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of the company's 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 $6,780,794.02. This represents a 22.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of the business's stock in a transaction on 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 transaction, the vice president now directly owns 64,448 shares in the company, valued at $5,891,191.68. This represents a 48.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company's stock.

NRG Energy Stock Down 3.4 %

Shares of NYSE NRG opened at $88.02 on Friday. The business has a 50-day moving average of $102.48 and a two-hundred day moving average of $94.05. 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 company has a market capitalization of $17.43 billion, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. NRG Energy, Inc. has a 1 year low of $59.50 and a 1 year high of $117.26.

NRG Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.00%. This is an increase from NRG Energy's previous quarterly dividend of $0.41. The ex-dividend date was Monday, February 3rd. NRG Energy's dividend payout ratio (DPR) is 35.92%.

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.

Want to see what other hedge funds are holding NRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NRG Energy, Inc. (NYSE:NRG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.