Brandywine Global Investment Management LLC Raises Stock Position in NRG Energy, Inc. (NYSE:NRG)

Brandywine Global Investment Management LLC increased its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,120,265 shares of the utilities provider's stock after purchasing an additional 49,823 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.55% of NRG Energy worth $101,070,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NRG. SBI Securities Co. Ltd. bought a new position in shares of NRG Energy during the 4th quarter worth $32,000. UMB Bank n.a. lifted its stake 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 acquiring an additional 228 shares during the period. Princeton Global Asset Management LLC grew its holdings 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 acquiring an additional 390 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of 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 purchasing an additional 347 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of NRG Energy in the 3rd quarter worth approximately $46,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Stock Down 7.5 %

NRG Energy stock traded down $7.74 during midday trading on Thursday, reaching $95.14. The company's stock had a trading volume of 1,347,278 shares, compared to its average volume of 3,072,889. NRG Energy, Inc. has a 52-week low of $65.11 and a 52-week high of $117.26. The stock has a market capitalization of $19.38 billion, a P/E ratio of 23.90, a PEG ratio of 1.01 and a beta of 1.13. 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 stock's 50-day simple moving average is $101.16 and its 200-day simple moving average is $96.08.

Remove Ads

NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a $0.44 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.85%. This is a boost from NRG Energy's previous quarterly dividend of $0.41. NRG Energy's dividend payout ratio (DPR) is currently 35.92%.

Insider Transactions 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 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 owns 69,454 shares of the company's stock, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.86% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on NRG. StockNews.com lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Morgan Stanley boosted their price target on NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. BMO Capital Markets upped their price objective on NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a research note on Monday, March 3rd. Wells Fargo & Company lifted their target price 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, Guggenheim increased their price target on shares of 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 five have given a buy rating to the company. Based on data from MarketBeat.com, NRG Energy has an average rating of "Moderate Buy" and a consensus price target of $123.29.

NRG Energy Company 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.