Dynamic Technology Lab Private Ltd Decreases Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Dynamic Technology Lab Private Ltd trimmed its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 77.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,160 shares of the utilities provider's stock after selling 21,369 shares during the period. Dynamic Technology Lab Private Ltd's holdings in NRG Energy were worth $556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in NRG Energy during the fourth quarter valued at $32,000. UMB Bank n.a. lifted its holdings in shares of NRG Energy by 100.4% in the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock valued at $41,000 after acquiring an additional 228 shares during the last quarter. Mizuho Bank Ltd. bought a new position in shares of NRG Energy in the 4th quarter valued at about $41,000. Princeton Global Asset Management LLC grew its position in NRG Energy by 414.9% in the fourth 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. Finally, Larson Financial Group LLC increased its stake in NRG Energy by 221.0% during the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock worth $45,000 after acquiring an additional 347 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NRG. BMO Capital Markets lifted their target price on NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a report on Monday, March 3rd. Guggenheim lifted their price objective on shares of NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Evercore ISI raised shares of NRG Energy from an "in-line" rating to an "outperform" rating and increased their target price for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. StockNews.com cut shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Finally, The Goldman Sachs Group started coverage on shares of NRG Energy in a research report on Friday, April 4th. They issued a "buy" rating and a $129.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, NRG Energy has an average rating of "Moderate Buy" and an average target price of $124.00.

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NRG Energy Trading Up 1.7 %

NRG Energy stock traded up $1.55 during trading hours on Friday, hitting $94.44. The company had a trading volume of 1,634,898 shares, compared to its average volume of 3,071,810. 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 firm has a market cap of $19.23 billion, a P/E ratio of 23.73, a P/E/G ratio of 1.01 and a beta of 1.10. The company has a 50-day moving average price of $98.83 and a two-hundred day moving average price of $96.42. NRG Energy, Inc. has a 1 year low of $65.11 and a 1 year high of $117.26.

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.44 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.76 annualized dividend and a yield of 1.86%. NRG Energy's dividend payout ratio (DPR) is currently 35.92%.

Insiders Place Their Bets

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the transaction, the chief financial officer now directly owns 69,454 shares in the company, valued at $6,780,794.02. This represents a 22.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by company insiders.

NRG Energy 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.