Prudential PLC Sells 3,962 Shares of NRG Energy, Inc. (NYSE:NRG)

Prudential PLC trimmed its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 56.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,005 shares of the utilities provider's stock after selling 3,962 shares during the period. Prudential PLC's holdings in NRG Energy were worth $271,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Captrust Financial Advisors raised its holdings in NRG Energy by 81.4% during the third quarter. Captrust Financial Advisors now owns 8,106 shares of the utilities provider's stock valued at $738,000 after buying an additional 3,637 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of NRG Energy by 39.4% in the 3rd quarter. HighTower Advisors LLC now owns 31,730 shares of the utilities provider's stock valued at $2,881,000 after acquiring an additional 8,960 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of NRG Energy by 47.8% in the third quarter. Stifel Financial Corp now owns 56,330 shares of the utilities provider's stock worth $5,132,000 after buying an additional 18,211 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of NRG Energy in the third quarter worth $1,081,000. Finally, EP Wealth Advisors LLC acquired a new stake in NRG Energy during the third quarter worth $636,000. Institutional investors own 97.72% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. StockNews.com cut shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Guggenheim raised their target price on NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Wells Fargo & Company increased their price objective on NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. BMO Capital Markets upped their price target on NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a research note on Monday, March 3rd. Finally, Evercore ISI raised shares of NRG Energy from an "in-line" rating to an "outperform" rating and boosted their price target for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $124.00.

NRG Energy Stock Up 2.3 %

NRG stock traded up $2.20 during trading hours on Monday, reaching $96.67. 186,293 shares of the stock were exchanged, compared to its average volume of 3,060,482. The company has a market cap of $19.69 billion, a price-to-earnings ratio of 24.29, a PEG ratio of 1.01 and a beta of 1.10. The firm's 50-day moving average is $98.83 and its 200-day moving average is $96.42. NRG Energy, Inc. has a 12 month low of $65.11 and a 12 month 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.

NRG Energy Announces Dividend

The firm 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 $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Thursday, May 1st. NRG Energy's dividend payout ratio is presently 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.