WINTON GROUP Ltd Invests $5.50 Million in NRG Energy, Inc. (NYSE:NRG)

WINTON GROUP Ltd acquired a new position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 60,972 shares of the utilities provider's stock, valued at approximately $5,501,000.

A number of other hedge funds have also modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new position in NRG Energy in the 4th quarter worth about $32,000. UMB Bank n.a. boosted its holdings in shares of NRG Energy by 100.4% in the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock worth $41,000 after buying an additional 228 shares during the period. RPg Family Wealth Advisory LLC purchased a new position in shares of NRG Energy in the third quarter worth approximately $43,000. Princeton Global Asset Management LLC raised its holdings in shares of NRG Energy by 414.9% during 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 period. Finally, Larson Financial Group LLC boosted its stake in 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 during the period. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. 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 increased their price objective 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 lifted their target price for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. StockNews.com lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Finally, BMO Capital Markets boosted their price objective on shares of NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a research report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.29.

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Insider Activity

In other news, CFO Bruce Chung sold 20,000 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the transaction, the chief financial officer now owns 69,454 shares of the company's stock, valued at approximately $6,780,794.02. This represents a 22.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Robert J. Gaudette sold 60,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the vice president now owns 64,448 shares of the company's stock, valued at approximately $5,891,191.68. This trade represents a 48.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

NRG Energy Stock Down 0.7 %

NYSE:NRG traded down $0.71 during mid-day trading on Friday, reaching $95.05. The stock had a trading volume of 2,403,211 shares, compared to its average volume of 3,083,958. The stock has a market cap of $19.36 billion, a P/E ratio of 23.88, a PEG ratio of 1.01 and a beta of 1.13. The business's 50 day moving average is $101.75 and its 200 day moving average is $95.69. 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, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $117.26.

NRG Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.44 per share. This is a positive change from NRG Energy's previous quarterly dividend of $0.41. The ex-dividend date was Monday, February 3rd. This represents a $1.76 annualized dividend and a dividend yield of 1.85%. NRG Energy's dividend payout ratio is 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.