Mirae Asset Global Investments Co. Ltd. Buys 24,384 Shares of NRG Energy, Inc. (NYSE:NRG)

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 58.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,953 shares of the utilities provider's stock after purchasing an additional 24,384 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in NRG Energy were worth $6,074,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in shares of NRG Energy during the 3rd quarter valued at about $26,000. Covestor Ltd lifted its holdings in shares of NRG Energy by 74.7% during the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 139 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of NRG Energy during the 3rd quarter valued at about $35,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of NRG Energy during the 3rd quarter valued at about $36,000. Finally, UMB Bank n.a. lifted its holdings in shares of NRG Energy by 100.4% during the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock valued at $41,000 after purchasing an additional 228 shares in the last quarter. Institutional investors own 97.72% of the company's stock.

Wall Street Analyst Weigh In

NRG has been the topic of several recent analyst reports. Evercore ISI upgraded 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 report on Tuesday, January 21st. Jefferies Financial Group raised NRG Energy from a "hold" rating to a "buy" rating and lifted their target price for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. Wells Fargo & Company lifted their target price on NRG Energy from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, November 11th. Citigroup lifted their target price on NRG Energy from $84.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Finally, BMO Capital Markets lifted their target price on NRG Energy from $94.00 to $100.00 and gave the company a "market perform" rating in a research report on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $111.43.

Insider Buying and Selling

In related news, VP Robert J. Gaudette sold 60,000 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total value of $5,484,600.00. Following the completion of the sale, the vice president now directly owns 64,448 shares in the company, valued at $5,891,191.68. The trade was a 48.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Bruce Chung sold 20,000 shares of the business'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 completion of the sale, the chief financial officer now 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 disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

NRG Energy Stock Down 0.4 %

Shares of NYSE:NRG traded down $0.39 during trading on Tuesday, hitting $104.79. 2,597,357 shares of the company were exchanged, compared to its average volume of 3,065,554. The stock has a market cap of $21.23 billion, a price-to-earnings ratio of 26.33, a P/E/G ratio of 1.22 and a beta of 1.15. NRG Energy, Inc. has a fifty-two week low of $51.26 and a fifty-two week high of $115.38. The firm has a fifty day moving average price of $98.82 and a two-hundred day moving average price of $90.88. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57.

NRG Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a dividend of $0.44 per share. The ex-dividend date is Monday, February 3rd. This is a positive change from NRG Energy's previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.68%. NRG Energy's payout ratio is presently 44.22%.

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.