Farringdon Capital Ltd. Makes New $276,000 Investment in NRG Energy, Inc. (NYSE:NRG)

Farringdon Capital Ltd. purchased a new position in NRG Energy, Inc. (NYSE:NRG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,057 shares of the utilities provider's stock, valued at approximately $276,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NRG. Assenagon Asset Management S.A. boosted its stake in shares of NRG Energy by 1,010.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider's stock valued at $140,504,000 after buying an additional 1,417,057 shares during the last quarter. Boston Partners purchased a new position in shares of NRG Energy during the 4th quarter valued at approximately $94,346,000. Appaloosa LP increased its stake in NRG Energy by 81.5% during the fourth quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider's stock valued at $163,749,000 after purchasing an additional 815,180 shares during the last quarter. Teacher Retirement System of Texas raised its stake in NRG Energy by 350.4% during the fourth quarter. Teacher Retirement System of Texas now owns 904,265 shares of the utilities provider's stock worth $81,583,000 after acquiring an additional 703,481 shares during the period. Finally, Raymond James Financial Inc. bought a new position in NRG Energy during the 4th quarter worth $61,679,000. Hedge funds and other institutional investors own 97.72% of the company's stock.

NRG Energy Price Performance

NRG Energy stock traded up $3.69 during mid-day trading on Thursday, hitting $105.73. The company's stock had a trading volume of 464,160 shares, compared to its average volume of 3,156,960. 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 stock has a market capitalization of $21.53 billion, a P/E ratio of 26.57, a P/E/G ratio of 1.01 and a beta of 1.10. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $117.26. The stock's fifty day moving average price is $97.73 and its two-hundred day moving average price is $96.64.

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, May 1st. NRG Energy's payout ratio is 35.92%.

Analyst Ratings Changes

A number of brokerages recently issued reports on NRG. Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and increased 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 NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. BMO Capital Markets increased their target price 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. StockNews.com lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Finally, Guggenheim raised their price objective on shares of NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, NRG Energy has a consensus rating of "Moderate Buy" and an average 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.