Massachusetts Financial Services Co. MA Grows Stake in NRG Energy, Inc. (NYSE:NRG)

Massachusetts Financial Services Co. MA raised its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 41.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 335,825 shares of the utilities provider's stock after purchasing an additional 99,091 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.17% of NRG Energy worth $30,298,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its holdings in shares of NRG Energy by 1,010.1% in 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 purchasing an additional 1,417,057 shares during the last quarter. Boston Partners purchased a new stake in NRG Energy in the 4th quarter valued at about $94,346,000. Appaloosa LP lifted its position in shares of NRG Energy by 81.5% during the 4th quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider's stock worth $163,749,000 after buying an additional 815,180 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of NRG Energy by 350.4% in 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. bought a new position in shares of NRG Energy in the fourth quarter valued at approximately $61,679,000. 97.72% of the stock is owned by institutional investors.

NRG Energy Stock Performance

NYSE:NRG traded up $1.55 on Friday, reaching $94.44. 1,634,898 shares of the company's stock were exchanged, compared to its average volume of 3,076,630. The stock has a fifty day simple moving average of $98.83 and a 200-day simple moving average of $96.38. NRG Energy, Inc. has a 52 week low of $65.11 and a 52 week high of $117.26. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The firm has a market cap of $19.23 billion, a price-to-earnings ratio of 23.73, a P/E/G ratio of 1.01 and a beta of 1.10.

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NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.44 dividend. The ex-dividend date is Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.86%. NRG Energy's dividend payout ratio is 35.92%.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of the firm's 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 completion of the transaction, the chief financial officer now owns 69,454 shares in the company, valued at $6,780,794.02. This trade represents a 22.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.61% of the company's stock.

Analyst Ratings Changes

NRG has been the topic of a number of recent analyst reports. StockNews.com lowered NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Morgan Stanley lifted their target price 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. Wells Fargo & Company increased their price target on shares of NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Evercore ISI raised shares of NRG Energy from an "in-line" rating to an "outperform" rating and lifted their price objective for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Finally, The Goldman Sachs Group initiated coverage on shares of NRG Energy in a research report on Friday, April 4th. They set a "buy" rating and a $129.00 target price for the company. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $124.00.

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.