Shelton Capital Management Acquires 11,101 Shares of NRG Energy, Inc. (NYSE:NRG)

Shelton Capital Management increased its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 8.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,804 shares of the utilities provider's stock after acquiring an additional 11,101 shares during the quarter. Shelton Capital Management owned 0.07% of NRG Energy worth $12,794,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NRG. SBI Securities Co. Ltd. acquired a new position in NRG Energy during the fourth quarter worth $32,000. UMB Bank n.a. boosted its stake in NRG Energy by 100.4% during the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock valued at $41,000 after purchasing an additional 228 shares during the last quarter. Mizuho Bank Ltd. bought a new stake in NRG Energy during the 4th quarter worth approximately $41,000. Princeton Global Asset Management LLC increased its holdings in NRG Energy by 414.9% during the 4th quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider's stock worth $44,000 after purchasing an additional 390 shares in the last quarter. Finally, Larson Financial Group LLC lifted 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 purchasing an additional 347 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

NRG Energy Stock Performance

Shares of NYSE:NRG traded up $1.55 during trading on Friday, hitting $94.44. 1,634,898 shares of the company were exchanged, compared to its average volume of 3,071,810. The company has a market cap of $19.23 billion, a PE ratio of 23.73, a P/E/G ratio of 1.01 and a beta of 1.10. NRG Energy, Inc. has a 52-week low of $65.11 and a 52-week high of $117.26. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The stock has a 50 day moving average of $98.83 and a 200 day moving average of $96.42.

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NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a $0.44 dividend. The ex-dividend date is Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.86%. NRG Energy's dividend payout ratio (DPR) is currently 35.92%.

Insiders Place Their Bets

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 69,454 shares in the company, valued at $6,780,794.02. The trade was a 22.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

NRG has been the subject of a number of analyst reports. The Goldman Sachs Group initiated coverage on NRG Energy in a research report on Friday, April 4th. They issued a "buy" rating and a $129.00 price target for the company. Evercore ISI raised shares of NRG Energy from an "in-line" rating to an "outperform" rating and upped their price objective for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. BMO Capital Markets boosted their target price on NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a research note on Monday, March 3rd. StockNews.com lowered NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Finally, Wells Fargo & Company upped their price objective on NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a research note 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $124.00.

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.