Daiwa Securities Group Inc. Boosts Holdings in NRG Energy, Inc. (NYSE:NRG)

Daiwa Securities Group Inc. increased its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 22.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,356 shares of the utilities provider's stock after buying an additional 7,976 shares during the period. Daiwa Securities Group Inc.'s holdings in NRG Energy were worth $3,912,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Everence Capital Management Inc. acquired a new stake in NRG Energy in the fourth quarter worth $549,000. Meyer Handelman Co. raised its position in shares of NRG Energy by 43.8% during the fourth quarter. Meyer Handelman Co. now owns 78,982 shares of the utilities provider's stock worth $7,126,000 after purchasing an additional 24,062 shares during the period. Luxor Capital Group LP lifted its holdings in shares of NRG Energy by 47.8% in the 3rd quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider's stock worth $47,426,000 after purchasing an additional 168,267 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its position 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 purchasing an additional 10,031 shares during the period. Finally, Bank of Hawaii raised its holdings in NRG Energy by 95.5% during the third quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider's stock worth $1,429,000 after buying an additional 7,662 shares during the last quarter. Institutional investors own 97.72% of the company's stock.

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Insider Transactions at NRG Energy

In related news, CFO Bruce Chung sold 20,000 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $97.63, for a total value of $1,952,600.00. Following the sale, the chief financial officer now owns 69,454 shares in the company, valued at approximately $6,780,794.02. This trade represents a 22.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total value of $5,484,600.00. Following the transaction, the vice president now owns 64,448 shares of the company's stock, valued at approximately $5,891,191.68. The trade was a 48.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NRG shares. Guggenheim lifted 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. Jefferies Financial Group upgraded NRG Energy from a "hold" rating to a "buy" rating and upped their price target for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Evercore ISI raised shares of 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 raised their price target 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, Morgan Stanley upped their target price on NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $123.29.

NRG Energy Stock Performance

Shares of NYSE NRG traded down $1.30 during mid-day trading on Thursday, hitting $91.17. The company had a trading volume of 3,433,506 shares, compared to its average volume of 3,040,707. 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 1 year low of $62.40 and a 1 year high of $117.26. The company has a market capitalization of $18.06 billion, a price-to-earnings ratio of 22.91, a P/E/G ratio of 1.01 and a beta of 1.13. The stock's 50-day moving average price is $102.26 and its 200-day moving average price is $94.30.

NRG Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from NRG Energy's previous quarterly dividend of $0.41. NRG Energy's payout ratio is presently 35.92%.

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.