Bridgewater Associates LP Raises Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Bridgewater Associates LP raised its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 47.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,185,365 shares of the utilities provider's stock after buying an additional 380,564 shares during the period. Bridgewater Associates LP owned about 0.59% of NRG Energy worth $106,944,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in NRG. McIlrath & Eck LLC raised its position in shares of NRG Energy by 4.5% in the third quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider's stock valued at $240,000 after purchasing an additional 113 shares during the period. Schechter Investment Advisors LLC grew its position in shares of NRG Energy by 0.8% in the fourth quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider's stock valued at $1,436,000 after purchasing an additional 120 shares during the last quarter. Mather Group LLC. lifted its holdings in NRG Energy by 18.4% during the 4th quarter. Mather Group LLC. now owns 803 shares of the utilities provider's stock worth $72,000 after purchasing an additional 125 shares during the last quarter. Grove Bank & Trust grew its holdings in NRG Energy by 29.7% in the 4th quarter. Grove Bank & Trust now owns 564 shares of the utilities provider's stock valued at $51,000 after buying an additional 129 shares in the last quarter. Finally, Hanseatic Management Services Inc. lifted its holdings in shares of NRG Energy by 12.0% during the fourth quarter. Hanseatic Management Services Inc. now owns 1,244 shares of the utilities provider's stock worth $112,000 after buying an additional 133 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Trading Down 0.3 %

Shares of NYSE:NRG traded down $0.25 during mid-day trading on Friday, reaching $97.84. 1,945,570 shares of the company's stock were exchanged, compared to its average volume of 3,040,985. The business's fifty day moving average price is $98.18 and its 200-day moving average price is $96.55. 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 firm has a market capitalization of $19.93 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 1.01 and a beta of 1.10. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $117.26.

NRG Energy Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have issued reports on NRG shares. Guggenheim increased their target price on shares of NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. The Goldman Sachs Group assumed coverage on NRG Energy in a report on Friday, April 4th. They issued a "buy" rating and a $129.00 price objective for the company. StockNews.com lowered NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Evercore ISI upgraded shares of NRG Energy from an "in-line" rating to an "outperform" rating and boosted their target price for the company from $74.00 to $126.00 in a research report on Tuesday, January 21st. Finally, BMO Capital Markets upped their target price on NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a research note on Monday, March 3rd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.