Scalar Gauge Management LLC Buys 15,800 Shares of NRG Energy, Inc. (NYSE:NRG)

Scalar Gauge Management LLC increased its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 17.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,800 shares of the utilities provider's stock after acquiring an additional 15,800 shares during the quarter. NRG Energy comprises approximately 4.5% of Scalar Gauge Management LLC's portfolio, making the stock its 10th largest holding. Scalar Gauge Management LLC owned about 0.05% of NRG Energy worth $9,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of NRG. SBI Securities Co. Ltd. acquired a new position in shares of NRG Energy in the 4th quarter valued at $32,000. UMB Bank n.a. grew its position in NRG Energy by 100.4% during the 4th 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. Princeton Global Asset Management LLC increased its stake in NRG Energy by 414.9% in the fourth quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider's stock valued at $44,000 after purchasing an additional 390 shares during the period. Larson Financial Group LLC raised its holdings in shares of NRG Energy by 221.0% in the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock valued at $45,000 after buying an additional 347 shares during the last quarter. Finally, Grove Bank & Trust boosted its stake in shares of NRG Energy by 29.7% during the fourth quarter. Grove Bank & Trust now owns 564 shares of the utilities provider's stock worth $51,000 after buying an additional 129 shares during the period. 97.72% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at NRG Energy

In related news, CFO Bruce Chung sold 20,000 shares of the stock in a transaction dated Monday, January 13th. The shares were 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 represents a 22.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.86% of the stock is owned by corporate insiders.

Analyst Ratings Changes

NRG has been the subject of several analyst reports. BMO Capital Markets upped their price objective 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. Guggenheim lifted their price objective 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. StockNews.com downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Morgan Stanley lifted their target price on shares of NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Finally, Wells Fargo & Company lifted their price objective 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 five have issued a buy rating to the company. According to MarketBeat, NRG Energy currently has an average rating of "Moderate Buy" and a consensus price target of $123.29.

NRG Energy Price Performance

NRG traded down $10.11 on Thursday, hitting $92.78. 3,431,076 shares of the company were exchanged, compared to its average volume of 3,080,703. The business's fifty day moving average is $101.16 and its 200 day moving average is $96.08. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $117.26. 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 firm has a market capitalization of $18.90 billion, a P/E ratio of 23.31, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13.

NRG Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from NRG Energy's previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a yield of 1.90%. NRG Energy's payout ratio is currently 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.