ExodusPoint Capital Management LP Purchases 77,051 Shares of NRG Energy, Inc. (NYSE:NRG)

ExodusPoint Capital Management LP increased its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 229.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 110,593 shares of the utilities provider's stock after buying an additional 77,051 shares during the period. ExodusPoint Capital Management LP owned about 0.05% of NRG Energy worth $9,978,000 as of its most recent filing with the Securities and Exchange Commission.

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

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NRG Energy Stock Performance

Shares of NYSE:NRG traded down $4.69 on Thursday, hitting $92.70. The company's stock had a trading volume of 825,036 shares, compared to its average volume of 3,086,243. The company has a market capitalization of $18.88 billion, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10. The stock's 50-day moving average is $99.17 and its two-hundred day moving average is $96.31. NRG Energy, Inc. has a 12 month low of $65.11 and a 12 month high of $117.26. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Thursday, May 1st. NRG Energy's dividend payout ratio (DPR) is currently 35.92%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NRG. BMO Capital Markets boosted their price target on NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a report on Monday, March 3rd. The Goldman Sachs Group started coverage on shares of NRG Energy in a research report on Friday, April 4th. They set a "buy" rating and a $129.00 price target on the stock. Wells Fargo & Company boosted their price target on NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Evercore ISI upgraded shares of NRG Energy from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Finally, Morgan Stanley upped their target price on shares of NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $124.00.

Insider Activity at NRG Energy

In other news, CFO Bruce Chung sold 20,000 shares of the company's stock in a transaction on Monday, January 13th. The shares were 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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.61% of the stock is owned by insiders.

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.