Chiron Investment Management LLC acquired a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 7,787 shares of the utilities provider's stock, valued at approximately $703,000.
A number of other institutional investors also recently bought and sold shares of the stock. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of NRG Energy during the 4th quarter valued at about $1,710,000. Canada Post Corp Registered Pension Plan bought a new position in shares of NRG Energy in the fourth quarter worth approximately $135,000. XTX Topco Ltd increased its stake in shares of NRG Energy by 29.7% in the fourth quarter. XTX Topco Ltd now owns 8,667 shares of the utilities provider's stock worth $782,000 after purchasing an additional 1,987 shares in the last quarter. Hanlon Investment Management Inc. raised its position in shares of NRG Energy by 11.4% during the 4th quarter. Hanlon Investment Management Inc. now owns 6,106 shares of the utilities provider's stock valued at $551,000 after purchasing an additional 624 shares during the period. Finally, CreativeOne Wealth LLC purchased a new position in shares of NRG Energy during the 4th quarter valued at $310,000. 97.72% of the stock is owned by institutional investors.
NRG Energy Trading Down 0.3 %
Shares of NYSE NRG traded down $0.25 during trading hours on Friday, hitting $97.84. 1,945,570 shares of the company traded hands, compared to its average volume of 3,040,985. The stock has a market capitalization of $19.93 billion, a price-to-earnings ratio of 24.58, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10. The company's 50 day moving average price is $98.18 and its 200 day moving average price is $96.55. NRG Energy, Inc. has a 12 month low of $65.11 and a 12 month high of $117.26. 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 Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.44 dividend. The ex-dividend date is Thursday, May 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.80%. NRG Energy's dividend payout ratio (DPR) is presently 35.92%.
Wall Street Analyst Weigh In
Several brokerages have recently commented on NRG. BMO Capital Markets boosted their price objective on NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a research report on Monday, March 3rd. Evercore ISI upgraded NRG Energy from an "in-line" rating to an "outperform" rating and upped their price target for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. Morgan Stanley boosted their target price on shares of NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. Wells Fargo & Company raised their target price on shares of NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Finally, StockNews.com lowered NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, NRG Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.00.
Check Out Our Latest Analysis on NRG
About NRG Energy
(
Free Report)
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.
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