Meeder Asset Management Inc. Has $388,000 Stake in NRG Energy, Inc. (NYSE:NRG)

Meeder Asset Management Inc. lessened its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 75.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,301 shares of the utilities provider's stock after selling 13,285 shares during the quarter. Meeder Asset Management Inc.'s holdings in NRG Energy were worth $388,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its holdings in shares of NRG Energy by 10.1% during the 4th quarter. Wellington Management Group LLP now owns 241,786 shares of the utilities provider's stock valued at $21,814,000 after purchasing an additional 22,133 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of NRG Energy by 13.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 14,782 shares of the utilities provider's stock valued at $1,334,000 after buying an additional 1,726 shares during the period. Clearbridge Investments LLC increased its position in shares of NRG Energy by 22.1% during the fourth quarter. Clearbridge Investments LLC now owns 41,221 shares of the utilities provider's stock worth $3,719,000 after acquiring an additional 7,469 shares in the last quarter. Brandywine Global Investment Management LLC raised its holdings in shares of NRG Energy by 4.7% during the fourth quarter. Brandywine Global Investment Management LLC now owns 1,120,265 shares of the utilities provider's stock worth $101,070,000 after acquiring an additional 49,823 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in NRG Energy by 64.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 521 shares of the utilities provider's stock valued at $51,000 after acquiring an additional 205 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at NRG Energy

In other news, CFO Bruce Chung sold 20,000 shares of the business's stock in a transaction that occurred 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 owns 69,454 shares in the company, 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 legal filing with the SEC, which is available at this hyperlink. Also, VP Robert J. Gaudette sold 60,000 shares of the stock in a transaction that occurred 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 transaction, the vice president now owns 64,448 shares in the company, valued at approximately $5,891,191.68. This trade represents a 48.21 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.86% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Morgan Stanley increased their target price on NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. BMO Capital Markets upped their price target 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 lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Evercore ISI raised shares of NRG Energy from an "in-line" rating to an "outperform" rating and boosted their price target for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Finally, Guggenheim raised their price objective on NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.29.

NRG Energy Stock Performance

NYSE NRG traded up $4.37 during trading on Wednesday, reaching $102.90. 3,298,133 shares of the company's stock were exchanged, compared to its average volume of 3,079,291. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The business has a 50 day moving average price of $101.16 and a 200-day moving average price of $96.08. The stock has a market capitalization of $20.96 billion, a P/E ratio of 25.85, a PEG ratio of 1.01 and a beta of 1.13. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $117.26.

NRG Energy Increases Dividend

The firm also recently announced 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 of this dividend was Monday, February 3rd. This is a positive change from NRG Energy's previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.71%. NRG Energy's payout ratio is presently 35.92%.

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.