Elo Mutual Pension Insurance Co Buys 2,845 Shares of NRG Energy, Inc. (NYSE:NRG)

Elo Mutual Pension Insurance Co boosted its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 15.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,363 shares of the utilities provider's stock after acquiring an additional 2,845 shares during the period. Elo Mutual Pension Insurance Co's holdings in NRG Energy were worth $1,927,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in NRG Energy during the 4th quarter valued at about $32,000. UMB Bank n.a. raised its holdings in shares of NRG Energy by 100.4% during the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock valued at $41,000 after buying an additional 228 shares during the last quarter. Princeton Global Asset Management LLC grew its holdings in NRG Energy by 414.9% in the 4th quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider's stock worth $44,000 after buying an additional 390 shares in the last quarter. Larson Financial Group LLC increased its position in NRG Energy by 221.0% in 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 period. Finally, Brooklyn Investment Group bought a new stake in NRG Energy during the 3rd quarter valued at $46,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Stock Down 8.4 %

Shares of NRG Energy stock traded down $8.60 on Thursday, hitting $94.28. 886,239 shares of the company traded hands, compared to its average volume of 3,186,339. NRG Energy, Inc. has a 12-month low of $65.11 and a 12-month high of $117.26. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The company has a market cap of $19.20 billion, a PE ratio of 23.69, a PEG ratio of 1.01 and a beta of 1.13. The company has a 50-day moving average price of $101.16 and a 200 day moving average price of $96.08.

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NRG Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.44 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.87%. This is an increase from NRG Energy's previous quarterly dividend of $0.41. NRG Energy's payout ratio is 35.92%.

Insiders Place Their Bets

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $97.63, for a total value of $1,952,600.00. Following the completion of the sale, the chief financial officer now directly owns 69,454 shares in the company, valued at $6,780,794.02. The trade was a 22.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.86% of the company's stock.

Wall Street Analyst Weigh In

NRG has been the topic of a number of research analyst reports. Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and raised their price target for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. StockNews.com lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Guggenheim boosted their target price on shares of NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Wells Fargo & Company raised their price objective on shares of NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Finally, Morgan Stanley raised their target price on NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.29.

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.