Mizuho Securities USA LLC Purchases 5,816 Shares of NRG Energy, Inc. (NYSE:NRG)

Mizuho Securities USA LLC increased its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 43.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,199 shares of the utilities provider's stock after buying an additional 5,816 shares during the quarter. Mizuho Securities USA LLC's holdings in NRG Energy were worth $1,732,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of NRG Energy during the fourth quarter valued at about $32,000. UMB Bank n.a. boosted its holdings in NRG Energy by 100.4% in the fourth 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 last quarter. RPg Family Wealth Advisory LLC acquired a new stake in NRG Energy during the 3rd quarter valued at approximately $43,000. Princeton Global Asset Management LLC increased its holdings in NRG Energy by 414.9% during the 4th quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider's stock worth $44,000 after purchasing an additional 390 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in shares of NRG Energy by 221.0% in the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock valued at $45,000 after purchasing an additional 347 shares in the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Price Performance

Shares of NRG traded down $0.71 during mid-day trading on Friday, hitting $95.05. The company's stock had a trading volume of 2,403,211 shares, compared to its average volume of 3,083,958. 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 firm has a 50-day moving average price of $101.75 and a 200 day moving average price of $95.69. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $117.26. The stock has a market capitalization of $19.36 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 1.01 and a beta of 1.13.

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NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.44 dividend. This is a positive change from NRG Energy's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.85%. NRG Energy's dividend payout ratio (DPR) is 35.92%.

Insiders Place Their Bets

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the sale, the vice president now directly owns 64,448 shares of the company's stock, valued at $5,891,191.68. The trade was a 48.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $97.63, for a total value 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 approximately $6,780,794.02. This represents a 22.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company's stock.

Analyst Ratings Changes

NRG has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price objective 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. Morgan Stanley lifted their price target on NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 19th. StockNews.com cut NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. BMO Capital Markets lifted 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. Finally, Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and upped their price target for the company from $74.00 to $126.00 in a research report on Tuesday, January 21st. Three investment 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 has an average rating of "Moderate Buy" and a consensus price target of $123.29.

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.