Aviva PLC Sells 358,676 Shares of NRG Energy, Inc. (NYSE:NRG)

Aviva PLC decreased its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 74.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 124,614 shares of the utilities provider's stock after selling 358,676 shares during the quarter. Aviva PLC owned approximately 0.06% of NRG Energy worth $11,243,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Everence Capital Management Inc. bought a new position in shares of NRG Energy during the 4th quarter valued at $549,000. Meyer Handelman Co. raised its holdings in NRG Energy by 43.8% during the fourth quarter. Meyer Handelman Co. now owns 78,982 shares of the utilities provider's stock valued at $7,126,000 after buying an additional 24,062 shares in the last quarter. Pine Valley Investments Ltd Liability Co lifted its position in shares of NRG Energy by 25.1% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider's stock worth $4,557,000 after buying an additional 10,031 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in shares of NRG Energy during the 4th quarter worth about $1,340,000. Finally, Affinity Wealth Management LLC increased its holdings in shares of NRG Energy by 7.8% during the 4th quarter. Affinity Wealth Management LLC now owns 42,748 shares of the utilities provider's stock valued at $3,857,000 after acquiring an additional 3,084 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. Wells Fargo & Company boosted their target price on shares of NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. BMO Capital Markets raised their price target on NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a research report on Monday, March 3rd. StockNews.com cut NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Finally, Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and raised their target price for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $124.00.

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NRG Energy Stock Performance

NRG traded up $2.20 on Monday, hitting $96.67. 186,293 shares of the stock traded hands, compared to its average volume of 3,060,482. The business has a fifty day moving average price of $98.83 and a two-hundred day moving average price of $96.42. 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 firm has a market capitalization of $19.69 billion, a PE ratio of 24.29, a P/E/G ratio of 1.01 and a beta of 1.10. NRG Energy, Inc. has a 52 week low of $65.11 and a 52 week high of $117.26.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Thursday, May 1st. NRG Energy's dividend payout ratio is presently 35.92%.

NRG Energy Company 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.