Martingale Asset Management L P Acquires 31,750 Shares of NRG Energy, Inc. (NYSE:NRG)

Martingale Asset Management L P increased its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 312.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 41,919 shares of the utilities provider's stock after purchasing an additional 31,750 shares during the period. Martingale Asset Management L P's holdings in NRG Energy were worth $3,782,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in NRG. SBI Securities Co. Ltd. bought a new position in shares of NRG Energy in the fourth quarter valued at approximately $32,000. Mizuho Bank Ltd. purchased a new stake in NRG Energy in the 4th quarter worth approximately $41,000. UMB Bank n.a. boosted its holdings in NRG Energy by 100.4% in the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock valued at $41,000 after purchasing an additional 228 shares during the period. Princeton Global Asset Management LLC grew its position in shares of NRG Energy by 414.9% during the 4th quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider's stock valued at $44,000 after purchasing an additional 390 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of NRG Energy by 221.0% in the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock worth $45,000 after purchasing an additional 347 shares during the period. Institutional investors own 97.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NRG shares. StockNews.com cut NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and boosted their price objective for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. 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. Guggenheim boosted their price target on shares of NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, Morgan Stanley raised their price objective on shares of 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 analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, NRG Energy presently has an average rating of "Moderate Buy" and an average target price of $124.00.

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NRG Energy Trading Up 1.7 %

Shares of NRG traded up $1.55 during mid-day trading on Friday, reaching $94.44. The company's stock had a trading volume of 1,634,898 shares, compared to its average volume of 3,071,810. 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, Inc. has a 52 week low of $65.11 and a 52 week high of $117.26. The company's fifty day moving average price is $98.83 and its two-hundred day moving average price is $96.38. The stock has a market cap of $19.23 billion, a PE ratio of 23.73, a P/E/G ratio of 1.01 and a beta of 1.10.

NRG Energy Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.76 annualized dividend and a yield of 1.86%. NRG Energy's payout ratio is 35.92%.

Insider Activity

In other news, CFO Bruce Chung sold 20,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief financial officer now owns 69,454 shares in the company, valued at approximately $6,780,794.02. This trade represents 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 accessible through this hyperlink. Insiders own 0.61% of the company's stock.

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.