LSV Asset Management Sells 77,602 Shares of NRG Energy, Inc. (NYSE:NRG)

LSV Asset Management lowered its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,175,821 shares of the utilities provider's stock after selling 77,602 shares during the period. NRG Energy accounts for about 0.9% of LSV Asset Management's holdings, making the stock its 21st biggest position. LSV Asset Management owned 2.06% of NRG Energy worth $376,743,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NRG. Captrust Financial Advisors boosted its stake in NRG Energy by 81.4% during the third quarter. Captrust Financial Advisors now owns 8,106 shares of the utilities provider's stock valued at $738,000 after buying an additional 3,637 shares during the period. HighTower Advisors LLC boosted its position in shares of NRG Energy by 39.4% during the 3rd quarter. HighTower Advisors LLC now owns 31,730 shares of the utilities provider's stock valued at $2,881,000 after acquiring an additional 8,960 shares during the last quarter. Stifel Financial Corp raised its stake in NRG Energy by 47.8% in the third quarter. Stifel Financial Corp now owns 56,330 shares of the utilities provider's stock valued at $5,132,000 after purchasing an additional 18,211 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in NRG Energy during the third quarter valued at approximately $1,081,000. Finally, EP Wealth Advisors LLC purchased a new position in NRG Energy in the 3rd quarter worth approximately $636,000. Institutional investors own 97.72% of the company's stock.

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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 directly owns 69,454 shares of the company's stock, valued at approximately $6,780,794.02. This represents a 22.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is owned by company insiders.

NRG Energy Trading Up 1.7 %

NYSE:NRG traded up $1.55 during mid-day trading on Friday, reaching $94.44. 1,634,898 shares of the company's stock traded hands, compared to its average volume of 3,071,810. The company has a 50 day moving average price of $98.83 and a 200-day moving average price of $96.38. The firm has a market capitalization of $19.23 billion, a price-to-earnings ratio of 23.73, 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. NRG Energy, Inc. has a 12-month low of $65.11 and a 12-month high of $117.26.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.86%. The ex-dividend date is Thursday, May 1st. NRG Energy's dividend payout ratio is currently 35.92%.

Analysts Set New Price Targets

NRG has been the subject of a number of research analyst reports. StockNews.com downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Evercore ISI upgraded 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. Guggenheim upped their target price on NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Wells Fargo & Company boosted their price objective on shares of NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Finally, The Goldman Sachs Group began coverage on shares of NRG Energy in a report on Friday, April 4th. They set a "buy" rating and a $129.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, NRG Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $124.00.

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.