Russell Investments Group Ltd. Has $127.61 Million Position in NRG Energy, Inc. (NYSE:NRG)

Russell Investments Group Ltd. increased its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,414,186 shares of the utilities provider's stock after purchasing an additional 56,944 shares during the quarter. Russell Investments Group Ltd. owned about 0.70% of NRG Energy worth $127,614,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of NRG Energy by 6.2% during the 3rd quarter. Geode Capital Management LLC now owns 5,399,098 shares of the utilities provider's stock valued at $494,225,000 after purchasing an additional 313,478 shares in the last quarter. Banco Santander S.A. grew its holdings in shares of NRG Energy by 0.3% in the 4th quarter. Banco Santander S.A. now owns 2,828,000 shares of the utilities provider's stock worth $255,142,000 after acquiring an additional 7,500 shares during the last quarter. Appaloosa LP raised its position in shares of NRG Energy by 81.5% during the fourth quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider's stock worth $163,749,000 after purchasing an additional 815,180 shares during the period. Assenagon Asset Management S.A. raised its position 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 worth $140,504,000 after purchasing an additional 1,417,057 shares during the period. Finally, Prudential Financial Inc. raised its position in shares of NRG Energy by 3.1% during the fourth quarter. Prudential Financial Inc. now owns 1,374,245 shares of the utilities provider's stock worth $123,984,000 after purchasing an additional 41,094 shares during the period. Institutional investors own 97.72% of the company's stock.

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NRG Energy Stock Down 3.1 %

NRG stock traded down $2.98 during trading hours on Thursday, hitting $94.41. The company's stock had a trading volume of 1,253,672 shares, compared to its average volume of 3,087,952. The company has a market capitalization of $19.23 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10. The stock has a 50 day moving average price of $99.17 and a two-hundred day moving average price of $96.31. 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, Inc. has a 12 month low of $65.11 and a 12 month high of $117.26.

NRG Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have commented on NRG. Morgan Stanley upped their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Guggenheim upped their price target on shares of NRG Energy from $134.00 to $145.00 and gave the company a "buy" 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 raised their price objective for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. StockNews.com lowered NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Finally, Wells Fargo & Company lifted their price target on NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, NRG Energy currently has an average rating of "Moderate Buy" and a consensus price target of $124.00.

Insider Buying and Selling at NRG Energy

In other 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 sale, the chief financial officer now directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.61% of the company's stock.

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.