Dimensional Fund Advisors LP Sells 206,567 Shares of NRG Energy, Inc. (NYSE:NRG)

Dimensional Fund Advisors LP reduced its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,378,600 shares of the utilities provider's stock after selling 206,567 shares during the period. Dimensional Fund Advisors LP owned 1.67% of NRG Energy worth $304,865,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in NRG. SBI Securities Co. Ltd. bought a new position in shares of NRG Energy during the 4th quarter worth approximately $32,000. UMB Bank n.a. boosted its stake in NRG Energy by 100.4% during 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 in the last quarter. Mizuho Bank Ltd. bought a new stake in NRG Energy in the fourth quarter valued at $41,000. Princeton Global Asset Management LLC raised its holdings in shares of NRG Energy by 414.9% during the fourth quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider's stock valued at $44,000 after purchasing an additional 390 shares during the period. Finally, Larson Financial Group LLC boosted its position 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 worth $45,000 after purchasing an additional 347 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

NRG Energy Stock Performance

NYSE:NRG traded up $2.25 on Friday, reaching $108.36. 1,809,752 shares of the company's stock were exchanged, compared to its average volume of 3,020,708. The stock has a fifty day simple moving average of $97.70 and a 200-day simple moving average of $96.72. NRG Energy, Inc. has a 52 week low of $65.11 and a 52 week high of $117.26. 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 firm has a market cap of $22.07 billion, a price-to-earnings ratio of 27.23, a P/E/G ratio of 1.01 and a beta of 1.10.

NRG Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.62%. NRG Energy's payout ratio is 35.92%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Evercore ISI raised 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. StockNews.com lowered NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. BMO Capital Markets upped their price objective on shares of NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a report on Monday, March 3rd. Wells Fargo & Company upped their target price on shares of NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Finally, Guggenheim boosted their price objective on NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $124.00.

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.