Great Lakes Advisors LLC Has $15.08 Million Holdings in NRG Energy, Inc. (NYSE:NRG)

Great Lakes Advisors LLC lessened its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 167,113 shares of the utilities provider's stock after selling 6,825 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.08% of NRG Energy worth $15,077,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in shares of NRG Energy during the 3rd quarter worth approximately $26,000. Covestor Ltd lifted its position in shares of NRG Energy by 74.7% during the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider's stock worth $30,000 after buying an additional 139 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of NRG Energy during the 4th quarter worth approximately $32,000. UMB Bank n.a. lifted its position 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 worth $41,000 after buying an additional 228 shares during the period. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of NRG Energy during the 3rd quarter worth approximately $43,000. Institutional investors own 97.72% of the company's stock.

NRG Energy Stock Up 4.3 %

NYSE NRG opened at $92.40 on Thursday. The stock has a fifty day moving average of $102.26 and a 200-day moving average of $94.30. The stock has a market capitalization of $18.30 billion, a P/E ratio of 23.22, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. NRG Energy, Inc. has a 52 week low of $62.14 and a 52 week high of $117.26. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17.

NRG Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a $0.44 dividend. This is a boost from NRG Energy's previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Monday, February 3rd. NRG Energy's dividend payout ratio (DPR) is 35.92%.

Insider Activity

In related news, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction on Monday, January 13th. The stock was 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 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 Securities & Exchange Commission, which is available at this link. Also, VP Robert J. Gaudette sold 60,000 shares of NRG Energy stock in a transaction 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 sale, the vice president now directly owns 64,448 shares of the company's stock, valued at approximately $5,891,191.68. This trade represents a 48.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.86% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on NRG. BMO Capital Markets raised their target price on NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a research report on Monday, March 3rd. StockNews.com downgraded NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Evercore ISI upgraded NRG Energy from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $74.00 to $126.00 in a research report on Tuesday, January 21st. Guggenheim lifted their price objective on NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, Morgan Stanley lifted their price objective on NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently 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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