CANADA LIFE ASSURANCE Co Reduces Stock Position in NRG Energy, Inc. (NYSE:NRG)

CANADA LIFE ASSURANCE Co decreased its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 9.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,023 shares of the utilities provider's stock after selling 8,574 shares during the period. CANADA LIFE ASSURANCE Co's holdings in NRG Energy were worth $7,486,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of NRG. SBI Securities Co. Ltd. purchased a new position in NRG Energy in the 4th quarter worth approximately $32,000. UMB Bank n.a. raised its stake in shares of NRG Energy by 100.4% in the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock worth $41,000 after purchasing an additional 228 shares during the last quarter. Mizuho Bank Ltd. bought a new position in shares of NRG Energy during the fourth quarter valued at $41,000. Princeton Global Asset Management LLC boosted its position in shares of NRG Energy by 414.9% during the fourth quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider's stock valued at $44,000 after buying an additional 390 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in NRG Energy by 221.0% in the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock worth $45,000 after buying an additional 347 shares during the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NRG has been the topic of a number of recent analyst reports. BMO Capital Markets raised their price target on shares of NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a report on Monday, March 3rd. Evercore ISI upgraded shares of NRG Energy from an "in-line" rating to an "outperform" rating and raised their target price for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. StockNews.com lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Morgan Stanley increased their target price on NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. 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 equities research analysts have rated the stock with a hold rating and six have given 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 $124.00.

NRG Energy Price Performance

NRG stock traded up $2.25 during trading on Friday, reaching $108.36. The company's stock had a trading volume of 1,810,178 shares, compared to its average volume of 3,025,554. The company's fifty day moving average is $97.63 and its 200-day moving average is $96.82. NRG Energy, Inc. has a 1 year low of $65.11 and a 1 year high of $117.26. The company has a market capitalization of $22.07 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, May 1st. This represents a $1.76 annualized dividend and a yield of 1.62%. NRG Energy's payout ratio is 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.