NRG Energy, Inc. (NYSE:NRG) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lifted its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 31.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,351 shares of the utilities provider's stock after buying an additional 4,836 shares during the quarter. Tower Research Capital LLC TRC's holdings in NRG Energy were worth $1,836,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NRG. McIlrath & Eck LLC increased its position in shares of NRG Energy by 4.5% in the 3rd 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 last quarter. Schechter Investment Advisors LLC increased its holdings in 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 buying an additional 120 shares during the last quarter. Mather Group LLC. raised its stake in NRG Energy by 18.4% in the fourth quarter. Mather Group LLC. now owns 803 shares of the utilities provider's stock valued at $72,000 after buying an additional 125 shares in the last quarter. Grove Bank & Trust boosted its position in shares of NRG Energy by 29.7% during the 4th quarter. Grove Bank & Trust now owns 564 shares of the utilities provider's stock worth $51,000 after acquiring an additional 129 shares in the last quarter. Finally, Hanseatic Management Services Inc. raised its position in shares of NRG Energy by 12.0% during the 4th quarter. Hanseatic Management Services Inc. now owns 1,244 shares of the utilities provider's stock worth $112,000 after acquiring an additional 133 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Guggenheim increased their price target 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. StockNews.com downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Evercore ISI upgraded shares of NRG Energy from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. The Goldman Sachs Group began coverage on NRG Energy in a research report on Friday, April 4th. They set a "buy" rating and a $129.00 target price on the stock. Finally, Morgan Stanley raised their price target on NRG Energy from $86.00 to $99.00 and gave the stock 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 issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $124.00.

NRG Energy Stock Up 6.2 %

NRG Energy stock opened at $98.84 on Wednesday. The stock has a market capitalization of $20.13 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 1.01 and a beta of 1.10. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The stock has a 50 day moving average of $97.84 and a two-hundred day moving average of $96.60. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $117.26.

NRG Energy Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.76 annualized dividend and a yield of 1.78%. NRG Energy's dividend payout ratio is currently 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.

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