Townsquare Capital LLC Grows Stake in NRG Energy, Inc. (NYSE:NRG)

Townsquare Capital LLC increased its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 97.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,233 shares of the utilities provider's stock after purchasing an additional 2,582 shares during the period. Townsquare Capital LLC's holdings in NRG Energy were worth $472,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its position in shares of NRG Energy by 1,010.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider's stock worth $140,504,000 after buying an additional 1,417,057 shares in the last quarter. Boston Partners bought a new position in shares of NRG Energy during the 4th quarter valued at approximately $94,346,000. Appaloosa LP grew its holdings in shares of NRG Energy by 81.5% in the fourth quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider's stock valued at $163,749,000 after purchasing an additional 815,180 shares in the last quarter. Teacher Retirement System of Texas increased its position in NRG Energy by 350.4% in the fourth quarter. Teacher Retirement System of Texas now owns 904,265 shares of the utilities provider's stock worth $81,583,000 after purchasing an additional 703,481 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in NRG Energy during the fourth quarter valued at $61,679,000. 97.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NRG has been the subject of a number of recent research reports. BMO Capital Markets lifted their price objective on shares of NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a research note on Monday, March 3rd. 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 price objective on the stock. Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and raised their price objective for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Morgan Stanley boosted their target price on NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. Finally, Guggenheim raised their price target on NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, NRG Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.00.

NRG Energy Trading Up 3.3 %

NRG Energy stock traded up $3.28 during mid-day trading on Wednesday, hitting $102.08. The company's stock had a trading volume of 1,816,603 shares, compared to its average volume of 3,030,600. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The company has a 50 day moving average of $97.84 and a 200-day moving average of $96.60. NRG Energy, Inc. has a one year low of $65.11 and a one year high of $117.26. The stock has a market cap of $20.79 billion, a PE ratio of 25.65, a P/E/G ratio of 1.01 and a beta of 1.10.

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.72%. The ex-dividend date is Thursday, May 1st. NRG Energy's dividend payout ratio is presently 35.92%.

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.