CreativeOne Wealth LLC purchased a new position in NRG Energy, Inc. (NYSE:NRG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,432 shares of the utilities provider's stock, valued at approximately $310,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of NRG Energy in the 4th quarter worth $32,000. UMB Bank n.a. increased its holdings in NRG Energy by 100.4% in the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock worth $41,000 after buying an additional 228 shares in the last quarter. Mizuho Bank Ltd. purchased a new position in NRG Energy in the 4th quarter worth about $41,000. Princeton Global Asset Management LLC lifted its stake 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 valued at $44,000 after acquiring an additional 390 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in shares of NRG Energy by 221.0% during the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock valued at $45,000 after acquiring an additional 347 shares during the last quarter. Institutional investors own 97.72% of the company's stock.
Wall Street Analyst Weigh In
NRG has been the topic of a number of research analyst reports. BMO Capital Markets increased their price objective on shares of NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a research report on Monday, March 3rd. Guggenheim increased their price target on NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and lifted their price objective for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Wells Fargo & Company boosted their target price on shares of NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Finally, StockNews.com downgraded NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $124.00.
Read Our Latest Analysis on NRG Energy
NRG Energy Price Performance
Shares of NRG traded up $2.06 during mid-day trading on Friday, hitting $108.17. 471,640 shares of the stock were exchanged, compared to its average volume of 3,138,494. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The company has a market cap of $22.03 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10. NRG Energy, Inc. has a 52-week low of $65.11 and a 52-week high of $117.26. The firm has a 50-day moving average of $97.70 and a two-hundred day moving average of $96.72.
NRG Energy Dividend Announcement
The firm 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 of this dividend is Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.63%. NRG Energy's dividend payout ratio (DPR) is presently 35.92%.
NRG Energy Company Profile
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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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