Lyrical Asset Management LP Increases Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Lyrical Asset Management LP boosted its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,637,561 shares of the utilities provider's stock after acquiring an additional 7,976 shares during the period. NRG Energy makes up approximately 4.9% of Lyrical Asset Management LP's investment portfolio, making the stock its 6th largest holding. Lyrical Asset Management LP owned 1.80% of NRG Energy worth $328,181,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its holdings in shares of NRG Energy by 4.2% during the 4th quarter. Russell Investments Group Ltd. now owns 1,414,186 shares of the utilities provider's stock valued at $127,614,000 after purchasing an additional 56,944 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of NRG Energy by 25.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 207,815 shares of the utilities provider's stock valued at $18,749,000 after buying an additional 42,570 shares during the period. Mizuho Bank Ltd. bought a new stake in shares of NRG Energy during the fourth quarter worth $41,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of NRG Energy during the fourth quarter worth $5,684,000. Finally, ExodusPoint Capital Management LP lifted its position in NRG Energy by 229.7% in the 4th quarter. ExodusPoint Capital Management LP now owns 110,593 shares of the utilities provider's stock valued at $9,978,000 after acquiring an additional 77,051 shares in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wells Fargo & Company increased their target price on NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. StockNews.com downgraded NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. BMO Capital Markets boosted their target price on NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a research note on Monday, March 3rd. Guggenheim raised 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, Evercore ISI raised shares of 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 research report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $124.00.

NRG Energy Stock Up 0.9 %

Shares of NYSE NRG traded up $0.80 during trading hours on Friday, hitting $93.69. The company had a trading volume of 589,907 shares, compared to its average volume of 3,075,011. NRG Energy, Inc. has a 1-year low of $65.11 and a 1-year high of $117.26. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The firm's 50 day moving average is $98.98 and its 200-day moving average is $96.35. The stock has a market capitalization of $19.08 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10.

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, May 1st. NRG Energy's dividend payout ratio is currently 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 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 $6,780,794.02. This trade represents a 22.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.61% of the company's stock.

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.