NRG Energy, Inc. (NYSE:NRG) Position Reduced by Geode Capital Management LLC

Geode Capital Management LLC cut its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,346,923 shares of the utilities provider's stock after selling 52,175 shares during the period. Geode Capital Management LLC owned approximately 2.64% of NRG Energy worth $481,229,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of NRG Energy in the 4th quarter valued at $32,000. UMB Bank n.a. raised its position 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 worth $41,000 after buying an additional 228 shares during the period. Princeton Global Asset Management LLC boosted its holdings 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 valued at $44,000 after acquiring an additional 390 shares during the last quarter. Larson Financial Group LLC grew its position in NRG Energy by 221.0% during the fourth 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, Grove Bank & Trust increased its stake in NRG Energy by 29.7% during the fourth quarter. Grove Bank & Trust now owns 564 shares of the utilities provider's stock worth $51,000 after acquiring an additional 129 shares during the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Stock Up 13.6 %

NRG traded up $11.65 during trading hours on Wednesday, reaching $97.55. 4,840,216 shares of the stock traded hands, compared to its average volume of 3,094,943. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $117.26. The company has a market cap of $19.87 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 1.01 and a beta of 1.10. 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 $99.17 and its two-hundred day simple moving average is $96.31.

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NRG Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, May 1st. NRG Energy's payout ratio is 35.92%.

Insider Buying and Selling

In related 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 sale, the chief financial officer now owns 69,454 shares in the company, valued at $6,780,794.02. This represents 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 this hyperlink. Insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NRG shares. The Goldman Sachs Group started coverage on NRG Energy in a research note on Friday, April 4th. They issued a "buy" rating and a $129.00 price objective on the stock. BMO Capital Markets lifted their price target 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 downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Wells Fargo & Company raised their target price on shares of NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Finally, Evercore ISI raised shares of NRG Energy from an "in-line" rating to an "outperform" rating and upped their price target for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, NRG Energy has an average rating of "Moderate Buy" and an average target price of $124.00.

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.