Transce3nd LLC Buys Shares of 12,434 NRG Energy, Inc. (NYSE:NRG)

Transce3nd LLC purchased a new stake in NRG Energy, Inc. (NYSE:NRG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,434 shares of the utilities provider's stock, valued at approximately $1,126,000.

Several other institutional investors have also recently made changes to their positions in NRG. SBI Securities Co. Ltd. purchased a new stake in NRG Energy in the 4th quarter worth about $32,000. UMB Bank n.a. lifted its holdings in shares of 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 acquiring an additional 228 shares during the last quarter. Mizuho Bank Ltd. purchased a new position in NRG Energy in the fourth quarter worth $41,000. 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 acquiring an additional 390 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of NRG Energy by 221.0% in the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock worth $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 Up 4.0 %

NYSE NRG traded up $4.06 during trading hours on Thursday, reaching $106.10. 1,699,743 shares of the company's stock traded hands, compared to its average volume of 3,026,219. 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 firm has a market cap of $21.61 billion, a PE ratio of 26.66, a PEG ratio of 1.01 and a beta of 1.10. The firm has a 50-day simple moving average of $97.73 and a 200 day simple moving average of $96.64.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors 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 dividend yield of 1.66%. The ex-dividend date is Thursday, May 1st. NRG Energy's dividend payout ratio (DPR) is currently 35.92%.

Analysts Set New Price Targets

Several research analysts have commented on NRG shares. Morgan Stanley lifted their price target on shares of NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 19th. BMO Capital Markets increased their target price on NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a report on Monday, March 3rd. 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 research note on Thursday, February 27th. Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and increased their price objective for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Finally, StockNews.com cut shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, NRG Energy presently has a consensus rating of "Moderate Buy" and an average target price of $124.00.

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.