58,154 Shares in NRG Energy, Inc. (NYSE:NRG) Bought by Trexquant Investment LP

Trexquant Investment LP bought a new position in NRG Energy, Inc. (NYSE:NRG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 58,154 shares of the utilities provider's stock, valued at approximately $5,247,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in shares of NRG Energy by 6.2% during the 3rd quarter. Geode Capital Management LLC now owns 5,399,098 shares of the utilities provider's stock valued at $494,225,000 after buying an additional 313,478 shares during the period. Banco Santander S.A. grew its position in NRG Energy by 0.3% during the fourth quarter. Banco Santander S.A. now owns 2,828,000 shares of the utilities provider's stock valued at $255,142,000 after acquiring an additional 7,500 shares during the period. Appaloosa LP increased its stake in 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 acquiring an additional 815,180 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of NRG Energy by 1,010.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider's stock worth $140,504,000 after purchasing an additional 1,417,057 shares during the period. Finally, Prudential Financial Inc. grew its holdings in shares of NRG Energy by 3.1% during the 4th quarter. Prudential Financial Inc. now owns 1,374,245 shares of the utilities provider's stock worth $123,984,000 after purchasing an additional 41,094 shares during the period. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NRG Energy

In other news, CFO Bruce Chung sold 20,000 shares of the business's stock in a transaction on Monday, January 13th. The stock was 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 owns 69,454 shares of the company's stock, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is owned by corporate insiders.

NRG Energy Stock Performance

NRG traded down $4.36 during trading hours on Thursday, hitting $93.03. The company's stock had a trading volume of 825,036 shares, compared to its average volume of 3,086,220. The company has a 50-day simple moving average of $99.17 and a 200 day simple moving average of $96.31. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The firm has a market capitalization of $18.95 billion, a PE ratio of 23.26, a PEG ratio of 1.01 and a beta of 1.10. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $117.26.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors 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 yield of 1.89%. NRG Energy's dividend payout ratio is presently 35.92%.

Wall Street Analyst Weigh In

NRG has been the topic of a number of recent research reports. Morgan Stanley lifted their price target on shares of NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. Evercore ISI raised shares of NRG Energy from an "in-line" rating to an "outperform" rating and upped their price target for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. StockNews.com lowered NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Wells Fargo & Company increased their target price on NRG Energy from $140.00 to $165.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Finally, Guggenheim raised their target price on NRG Energy from $134.00 to $145.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $124.00.

NRG Energy Company 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.