40,300 Shares in NRG Energy, Inc. (NYSE:NRG) Purchased by Forsta AP Fonden

Forsta AP Fonden acquired a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 40,300 shares of the utilities provider's stock, valued at approximately $3,636,000.

Several other hedge funds and other institutional investors have also made changes to their positions in NRG. Ashton Thomas Securities LLC bought a new position in shares of NRG Energy during the 3rd quarter valued at approximately $26,000. Covestor Ltd boosted its stake in shares of NRG Energy by 74.7% during the third quarter. Covestor Ltd now owns 325 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 139 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of NRG Energy in the 3rd quarter worth $35,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of NRG Energy in the 3rd quarter valued at about $36,000. Finally, UMB Bank n.a. lifted its holdings in shares of NRG Energy by 100.4% during the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock valued at $41,000 after purchasing an additional 228 shares during the last quarter. Institutional investors own 97.72% of the company's stock.

NRG Energy Stock Up 1.1 %

Shares of NYSE NRG traded up $1.10 during midday trading on Wednesday, hitting $102.76. 1,926,527 shares of the company's stock were exchanged, compared to its average volume of 3,295,679. NRG Energy, Inc. has a twelve month low of $51.26 and a twelve month high of $115.38. The company has a market cap of $20.82 billion, a PE ratio of 25.82, a P/E/G ratio of 1.21 and a beta of 1.15. 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's fifty day simple moving average is $98.47 and its 200-day simple moving average is $89.95.

NRG Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.71%. This is a boost from NRG Energy's previous quarterly dividend of $0.41. The ex-dividend date is Monday, February 3rd. NRG Energy's dividend payout ratio is presently 40.95%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wells Fargo & Company upped their price target on shares of NRG Energy from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. Citigroup raised their price target on shares of NRG Energy from $84.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Guggenheim upped their price target on NRG Energy from $77.00 to $118.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Evercore ISI upgraded NRG Energy from an "in-line" rating to an "outperform" rating and boosted their price objective for the company from $74.00 to $126.00 in a research report on Tuesday, January 21st. Finally, Jefferies Financial Group raised shares of NRG Energy from a "hold" rating to a "buy" rating and boosted their price target for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $111.43.

Insider Activity at NRG Energy

In related news, VP Robert J. Gaudette sold 60,000 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the vice president now directly owns 64,448 shares of the company's stock, valued at $5,891,191.68. This trade represents a 48.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 completion of the sale, the chief financial officer now directly owns 69,454 shares in the company, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by 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.