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

Scalar Gauge Management LLC lifted its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 17.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 108,800 shares of the utilities provider's stock after buying an additional 15,800 shares during the period. NRG Energy makes up 4.5% of Scalar Gauge Management LLC's holdings, making the stock its 10th largest position. Scalar Gauge Management LLC owned about 0.05% of NRG Energy worth $9,816,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its holdings in NRG Energy by 1,010.1% in 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 buying an additional 1,417,057 shares during the last quarter. Boston Partners bought a new stake in NRG Energy in the fourth quarter valued at $94,346,000. Appaloosa LP lifted 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 in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of NRG Energy by 350.4% in the 4th quarter. Teacher Retirement System of Texas now owns 904,265 shares of the utilities provider's stock valued at $81,583,000 after purchasing an additional 703,481 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of NRG Energy in the 4th quarter valued at approximately $61,679,000. Institutional investors own 97.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NRG. 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 boosted their target price on shares of NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. Guggenheim increased their price target on shares of NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. The Goldman Sachs Group started coverage on shares of NRG Energy in a research note on Friday. They set a "buy" rating and a $129.00 price objective on the stock. Finally, Wells Fargo & Company lifted their price target on NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, NRG Energy currently has an average rating of "Moderate Buy" and an average price target of $124.00.

Insider Transactions at NRG Energy

In related news, CFO Bruce Chung sold 20,000 shares of the firm's stock in a transaction on 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 completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.86% of the company's stock.

NRG Energy Stock Performance

NYSE:NRG traded down $8.24 on Friday, reaching $84.54. 3,107,440 shares of the company's stock were exchanged, compared to its average volume of 3,072,220. The stock has a fifty day simple moving average of $100.81 and a 200-day simple moving average of $96.06. NRG Energy, Inc. has a 52 week low of $65.11 and a 52 week high of $117.26. The firm has a market cap of $17.22 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 1.01 and a beta of 1.10. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a $0.44 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 annualized dividend and a yield of 2.08%. This is an increase from NRG Energy's previous quarterly dividend of $0.41. NRG Energy's 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.