Moody Lynn & Lieberson LLC Has $381,000 Stake in NRG Energy, Inc. (NYSE:NRG)

Moody Lynn & Lieberson LLC decreased its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 87.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,219 shares of the utilities provider's stock after selling 29,186 shares during the period. Moody Lynn & Lieberson LLC's holdings in NRG Energy were worth $381,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in NRG. Geode Capital Management LLC increased its holdings in shares of NRG Energy by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 5,399,098 shares of the utilities provider's stock worth $494,225,000 after acquiring an additional 313,478 shares during the period. Banco Santander S.A. grew its position in NRG Energy by 0.9% in the 3rd quarter. Banco Santander S.A. now owns 2,820,500 shares of the utilities provider's stock worth $256,948,000 after purchasing an additional 24,834 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of NRG Energy by 7.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,663,441 shares of the utilities provider's stock valued at $242,639,000 after purchasing an additional 182,481 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of NRG Energy by 1,010.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider's stock valued at $140,504,000 after buying an additional 1,417,057 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of NRG Energy by 52.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,330,706 shares of the utilities provider's stock worth $121,227,000 after buying an additional 456,573 shares during the period. Institutional investors and hedge funds own 97.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. BMO Capital Markets increased their price objective 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. Jefferies Financial Group upgraded NRG Energy from a "hold" rating to a "buy" rating and increased their price target for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. Guggenheim boosted their price objective on NRG Energy from $77.00 to $118.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Citigroup raised their target price on shares of NRG Energy from $84.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, Evercore ISI raised shares of NRG Energy from an "in-line" rating to an "outperform" rating and lifted their target price for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, NRG Energy has an average rating of "Moderate Buy" and an average price target of $111.43.

Insiders Place Their Bets

In related news, VP Robert J. Gaudette sold 60,000 shares of the firm's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the sale, the vice president now directly owns 64,448 shares in the company, valued at $5,891,191.68. This trade represents a 48.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the stock in a transaction dated Monday, January 13th. The stock was 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 owns 69,454 shares of the company's stock, valued at approximately $6,780,794.02. This trade represents a 22.36 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.86% of the company's stock.

NRG Energy Price Performance

NRG traded up $1.77 during midday trading on Friday, hitting $112.31. The company had a trading volume of 4,288,790 shares, compared to its average volume of 2,755,494. 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's 50-day simple moving average is $97.53 and its 200-day simple moving average is $88.53. NRG Energy, Inc. has a twelve month low of $51.26 and a twelve month high of $115.38. The company has a market capitalization of $22.75 billion, a PE ratio of 28.22, a P/E/G ratio of 1.30 and a beta of 1.15.

NRG Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.44 per share. This is a boost from NRG Energy's previous quarterly dividend of $0.41. The ex-dividend date is Monday, February 3rd. This represents a $1.76 annualized dividend and a dividend yield of 1.57%. NRG Energy's payout ratio is presently 44.22%.

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.