Glaxis Capital Management LLC Takes Position in NRG Energy, Inc. (NYSE:NRG)

Glaxis Capital Management LLC acquired a new stake in NRG Energy, Inc. (NYSE:NRG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 15,500 shares of the utilities provider's stock, valued at approximately $1,398,000. NRG Energy accounts for 3.8% of Glaxis Capital Management LLC's holdings, making the stock its 10th biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its holdings in NRG Energy by 6.2% during the third quarter. Geode Capital Management LLC now owns 5,399,098 shares of the utilities provider's stock worth $494,225,000 after acquiring an additional 313,478 shares during the period. Banco Santander S.A. lifted its position in NRG Energy by 0.3% during the fourth quarter. Banco Santander S.A. now owns 2,828,000 shares of the utilities provider's stock worth $255,142,000 after buying an additional 7,500 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in shares of NRG Energy by 7.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,663,441 shares of the utilities provider's stock worth $242,639,000 after purchasing an additional 182,481 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of NRG Energy by 1,010.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider's stock worth $140,504,000 after purchasing an additional 1,417,057 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in shares of NRG Energy by 52.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,330,706 shares of the utilities provider's stock valued at $121,227,000 after buying an additional 456,573 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.

NRG Energy Stock Performance

Shares of NRG Energy stock opened at $88.50 on Wednesday. The stock's fifty day simple moving average is $102.22 and its 200 day simple moving average is $94.31. NRG Energy, Inc. has a 12 month low of $60.23 and a 12 month high of $117.26. The company has a market capitalization of $17.53 billion, a PE ratio of 22.24, a PEG ratio of 1.01 and a beta of 1.13. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57.

NRG Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.44 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.99%. This is a boost from NRG Energy's previous quarterly dividend of $0.41. NRG Energy's dividend payout ratio (DPR) is presently 35.92%.

Insider Buying and Selling

In related news, CFO Bruce Chung sold 20,000 shares of the business's stock in a transaction 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 sale, the chief financial officer now owns 69,454 shares of the company's stock, valued at $6,780,794.02. The trade was a 22.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the transaction, the vice president now directly owns 64,448 shares in the company, valued at $5,891,191.68. This trade represents a 48.21 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NRG shares. Evercore ISI upgraded NRG Energy from an "in-line" rating to an "outperform" rating and boosted their price target for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. BMO Capital Markets boosted their price objective on NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a research note on Monday, March 3rd. Wells Fargo & Company boosted 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. Jefferies Financial Group raised NRG Energy from a "hold" rating to a "buy" rating and boosted their target price for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. Finally, Morgan Stanley boosted 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 data from MarketBeat.com, NRG Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.29.

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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.

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