Hood River Capital Management LLC Has $8.06 Million Stake in NRG Energy, Inc. (NYSE:NRG)

Hood River Capital Management LLC grew its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 39.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,303 shares of the utilities provider's stock after buying an additional 25,034 shares during the period. Hood River Capital Management LLC's holdings in NRG Energy were worth $8,057,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. MGO One Seven LLC boosted its position in NRG Energy by 55.8% during the fourth quarter. MGO One Seven LLC now owns 5,892 shares of the utilities provider's stock worth $532,000 after purchasing an additional 2,110 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of NRG Energy by 119.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 677,894 shares of the utilities provider's stock worth $61,161,000 after buying an additional 368,473 shares during the last quarter. Quantessence Capital LLC bought a new stake in shares of NRG Energy during the 4th quarter worth $215,000. Harvest Investment Services LLC acquired a new position in NRG Energy in the 4th quarter valued at $2,234,000. Finally, Hsbc Holdings PLC raised its holdings in NRG Energy by 21.5% in the 4th quarter. Hsbc Holdings PLC now owns 427,279 shares of the utilities provider's stock worth $38,769,000 after acquiring an additional 75,648 shares during the period. Institutional investors own 97.72% of the company's stock.

NRG Energy Price Performance

NYSE:NRG opened at $102.08 on Thursday. The company has a market capitalization of $20.79 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 1.01 and a beta of 1.10. The company has a 50-day moving average of $97.73 and a 200-day moving average of $96.64. NRG Energy, Inc. has a 52 week low of $65.11 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.44 dividend. The ex-dividend date is Thursday, May 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.72%. NRG Energy's dividend payout ratio is currently 35.92%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NRG. Morgan Stanley raised their price target 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. Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and lifted their price target for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. BMO Capital Markets increased their price objective 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. The Goldman Sachs Group initiated coverage on shares of NRG Energy in a research report on Friday, April 4th. They set a "buy" rating and a $129.00 target price on the stock. Finally, Wells Fargo & Company raised their price target on shares of NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, NRG Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $124.00.

NRG Energy Company 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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