National Bank of Canada FI Acquires 137,476 Shares of NRG Energy, Inc. (NYSE:NRG)

National Bank of Canada FI boosted its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 101.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 273,645 shares of the utilities provider's stock after purchasing an additional 137,476 shares during the period. National Bank of Canada FI owned 0.14% of NRG Energy worth $24,688,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Everence Capital Management Inc. bought a new stake in shares of NRG Energy in the 4th quarter valued at about $549,000. Meyer Handelman Co. lifted its stake in shares of NRG Energy by 43.8% in the fourth quarter. Meyer Handelman Co. now owns 78,982 shares of the utilities provider's stock worth $7,126,000 after acquiring an additional 24,062 shares during the period. Luxor Capital Group LP boosted its holdings in NRG Energy by 47.8% in the third quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider's stock valued at $47,426,000 after acquiring an additional 168,267 shares during the last quarter. Pine Valley Investments Ltd Liability Co increased its position in NRG Energy by 25.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider's stock valued at $4,557,000 after purchasing an additional 10,031 shares during the period. Finally, CWA Asset Management Group LLC bought a new position in NRG Energy during the 4th quarter worth approximately $1,340,000. 97.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NRG Energy

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 stock was 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 $6,780,794.02. This trade represents a 22.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.61% of the company's stock.

NRG Energy Stock Up 13.6 %

Shares of NYSE NRG traded up $11.65 during midday trading on Wednesday, hitting $97.55. 4,840,216 shares of the stock traded hands, compared to its average volume of 3,094,943. 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, Inc. has a one year low of $65.11 and a one year high of $117.26. The business has a 50 day moving average price of $99.17 and a two-hundred day moving average price of $96.31. The company has a market cap of $19.87 billion, a PE ratio of 24.51, a P/E/G ratio of 1.01 and a beta of 1.10.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.44 per share. The ex-dividend date is Thursday, May 1st. This represents a $1.76 annualized dividend and a yield of 1.80%. NRG Energy's payout ratio is 35.92%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company upped 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. The Goldman Sachs Group assumed coverage on NRG Energy in a research note on Friday, April 4th. They set a "buy" rating and a $129.00 target price for the company. 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 report on Monday, March 3rd. Morgan Stanley increased their price target on NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. Finally, Guggenheim lifted their price objective on shares of NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock 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.