NRG Energy, Inc. (NYSE:NRG) Stock Holdings Lifted by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 13.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 45,858 shares of the utilities provider's stock after acquiring an additional 5,454 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in NRG Energy were worth $4,133,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the business. Sterling Capital Management LLC increased its holdings in NRG Energy by 38.9% in the 4th quarter. Sterling Capital Management LLC now owns 8,644 shares of the utilities provider's stock valued at $780,000 after purchasing an additional 2,422 shares in the last quarter. Martingale Asset Management L P increased its position in shares of NRG Energy by 312.2% during the fourth quarter. Martingale Asset Management L P now owns 41,919 shares of the utilities provider's stock worth $3,782,000 after acquiring an additional 31,750 shares during the last quarter. Bank of Nova Scotia lifted its stake in shares of NRG Energy by 2.8% in the fourth quarter. Bank of Nova Scotia now owns 22,698 shares of the utilities provider's stock worth $2,048,000 after acquiring an additional 623 shares in the last quarter. FIL Ltd purchased a new position in NRG Energy in the fourth quarter valued at about $20,167,000. Finally, Shelton Capital Management grew its stake in NRG Energy by 8.5% during the 4th quarter. Shelton Capital Management now owns 141,804 shares of the utilities provider's stock valued at $12,794,000 after purchasing an additional 11,101 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NRG shares. 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 upped their price objective on NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. BMO Capital Markets boosted their target price on shares of NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a research note on Monday, March 3rd. The Goldman Sachs Group initiated coverage on shares of NRG Energy in a report on Friday, April 4th. They issued a "buy" rating and a $129.00 target price on the stock. Finally, Guggenheim increased their target price on NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $124.00.

NRG Energy Price Performance

Shares of NYSE:NRG traded up $2.38 during trading hours on Thursday, hitting $104.42. 337,450 shares of the company's stock traded hands, compared to its average volume of 3,020,912. 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 company's fifty day simple moving average is $97.73 and its two-hundred day simple moving average is $96.64. NRG Energy, Inc. has a 52 week low of $65.11 and a 52 week high of $117.26. The company has a market cap of $21.27 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10.

NRG Energy Announces Dividend

The business also recently announced 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 1.69%. The ex-dividend date is Thursday, May 1st. NRG Energy's dividend payout ratio (DPR) is presently 35.92%.

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.