Schroder Investment Management Group Has $63.07 Million Position in NRG Energy, Inc. (NYSE:NRG)

Schroder Investment Management Group grew its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 34.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 684,373 shares of the utilities provider's stock after purchasing an additional 174,544 shares during the period. Schroder Investment Management Group owned about 0.34% of NRG Energy worth $63,065,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. L & S Advisors Inc bought a new stake in NRG Energy during the 4th quarter valued at $3,139,000. Allstate Corp purchased a new position in NRG Energy in the fourth quarter valued at about $546,000. Pictet Asset Management Holding SA boosted its holdings in shares of NRG Energy by 8.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 135,433 shares of the utilities provider's stock valued at $12,219,000 after buying an additional 10,866 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of NRG Energy by 0.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 63,319 shares of the utilities provider's stock worth $5,713,000 after buying an additional 497 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in NRG Energy in the fourth quarter worth $214,000. 97.72% of the stock is currently owned by institutional investors.

Insider Activity at NRG Energy

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total value of $5,484,600.00. Following the sale, the vice president now directly owns 64,448 shares in the company, valued at approximately $5,891,191.68. This trade represents a 48.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $1,952,600.00. Following the completion of the transaction, the chief financial officer now owns 69,454 shares of the company's stock, valued at $6,780,794.02. This represents a 22.36 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by insiders.

Remove Ads

Wall Street Analysts Forecast Growth

NRG has been the subject of a number of research reports. StockNews.com cut NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Evercore ISI upgraded NRG Energy from an "in-line" rating to an "outperform" rating and increased their target price for the company from $74.00 to $126.00 in a research report on Tuesday, January 21st. Morgan Stanley increased their target price on NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Wells Fargo & Company boosted their price target on shares of NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Finally, Guggenheim raised their target price on NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $123.29.

NRG Energy Trading Up 4.4 %

NYSE:NRG traded up $4.37 on Wednesday, reaching $102.90. The stock had a trading volume of 3,298,133 shares, compared to its average volume of 3,079,291. NRG Energy, Inc. has a 12-month low of $65.11 and a 12-month high of $117.26. The company has a market cap of $20.96 billion, a price-to-earnings ratio of 25.85, a P/E/G ratio of 1.01 and a beta of 1.13. The firm's fifty day moving average is $101.16 and its two-hundred day moving average is $96.08. 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 company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.44 per share. The ex-dividend date was Monday, February 3rd. This is a positive change from NRG Energy's previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a yield of 1.71%. NRG Energy's dividend payout ratio is currently 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.