Fox Run Management L.L.C. Acquires New Holdings in NRG Energy, Inc. (NYSE:NRG)

Fox Run Management L.L.C. acquired a new stake in NRG Energy, Inc. (NYSE:NRG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,666 shares of the utilities provider's stock, valued at approximately $692,000.

A number of other hedge funds have also recently made changes to their positions in NRG. M&T Bank Corp boosted its stake in NRG Energy by 0.3% in the 3rd quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider's stock worth $3,481,000 after purchasing an additional 113 shares during the period. McIlrath & Eck LLC lifted its holdings in shares of NRG Energy by 4.5% in the third quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider's stock worth $240,000 after buying an additional 113 shares in the last quarter. Schechter Investment Advisors LLC boosted its position in shares of NRG Energy by 0.8% during the fourth quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider's stock worth $1,436,000 after acquiring an additional 120 shares during the last quarter. Mather Group LLC. grew its stake in NRG Energy by 18.4% during the fourth quarter. Mather Group LLC. now owns 803 shares of the utilities provider's stock valued at $72,000 after acquiring an additional 125 shares in the last quarter. Finally, Grove Bank & Trust lifted its stake in NRG Energy by 29.7% in the 4th quarter. Grove Bank & Trust now owns 564 shares of the utilities provider's stock worth $51,000 after purchasing an additional 129 shares in the last quarter. Institutional investors own 97.72% of the company's stock.

NRG Energy Trading Down 0.7 %

Shares of NYSE NRG traded down $0.71 during midday trading on Friday, hitting $95.05. The company's stock had a trading volume of 2,403,211 shares, compared to its average volume of 3,083,958. NRG Energy, Inc. has a 12-month low of $65.11 and a 12-month high of $117.26. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The firm has a market cap of $19.36 billion, a P/E ratio of 23.88, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. The business's 50 day moving average is $101.75 and its two-hundred day moving average is $95.57.

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NRG Energy Increases Dividend

The firm 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. This is a positive change from NRG Energy's previous quarterly dividend of $0.41. 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 1.85%. NRG Energy's dividend payout ratio (DPR) is presently 35.92%.

Insider Transactions at NRG Energy

In other 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 transaction of $1,952,600.00. Following the completion of the sale, the chief financial officer now owns 69,454 shares of the company's stock, valued at approximately $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 SEC, which is accessible through this link. Also, VP Robert J. Gaudette sold 60,000 shares of the 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 in the company, valued at approximately $5,891,191.68. This trade represents a 48.21 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NRG. StockNews.com cut NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Wells Fargo & Company lifted their price objective on NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. BMO Capital Markets increased their target price on NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a research report on Monday, March 3rd. Morgan Stanley boosted their price target on shares of NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. Finally, Evercore ISI upgraded shares of NRG Energy from an "in-line" rating to an "outperform" rating and increased their price objective for the company from $74.00 to $126.00 in a research report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, NRG Energy has an average rating of "Moderate Buy" and a consensus target price of $123.29.

About NRG Energy

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.