Yousif Capital Management LLC Has $3 Million Stake in NRG Energy, Inc. (NYSE:NRG)

Yousif Capital Management LLC boosted its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 16.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 33,230 shares of the utilities provider's stock after purchasing an additional 4,660 shares during the period. Yousif Capital Management LLC's holdings in NRG Energy were worth $2,998,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. raised its stake in 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 valued at $140,504,000 after acquiring an additional 1,417,057 shares during the period. Los Angeles Capital Management LLC raised its holdings in NRG Energy by 32,962.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider's stock valued at $95,901,000 after acquiring an additional 1,049,521 shares during the period. Bridgewater Associates LP lifted its position in NRG Energy by 352.9% during the third quarter. Bridgewater Associates LP now owns 804,801 shares of the utilities provider's stock worth $73,317,000 after acquiring an additional 627,121 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of NRG Energy by 52.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,330,706 shares of the utilities provider's stock worth $121,227,000 after acquiring an additional 456,573 shares during the period. Finally, Assetmark Inc. boosted its stake in NRG Energy by 109.2% in the 3rd quarter. Assetmark Inc. now owns 746,994 shares of the utilities provider's stock valued at $68,051,000 after purchasing an additional 389,997 shares during the period. Institutional investors own 97.72% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Jefferies Financial Group raised shares of NRG Energy from a "hold" rating to a "buy" rating and raised their price target for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. Evercore ISI raised NRG Energy from an "in-line" rating to an "outperform" rating and increased their price target for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Citigroup increased their target price on NRG Energy from $84.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Wells Fargo & Company boosted their target price on shares of NRG Energy from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, November 11th. Finally, BMO Capital Markets boosted their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the company a "market perform" rating in a research report on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $111.43.

Insider Buying and Selling at NRG Energy

In other news, VP Robert J. Gaudette sold 60,000 shares of the company's stock in a transaction on Thursday, January 2nd. The shares were 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 of the company's stock, valued at approximately $5,891,191.68. This represents a 48.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Bruce Chung sold 20,000 shares of the business's stock in a transaction 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 transaction, the chief financial officer now owns 69,454 shares in the company, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company's stock.

NRG Energy Trading Down 0.4 %

Shares of NRG stock traded down $0.39 during mid-day trading on Tuesday, reaching $104.79. 1,283,775 shares of the stock traded hands, compared to its average volume of 3,005,225. The company has a market cap of $21.23 billion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 1.22 and a beta of 1.15. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The stock's fifty day simple moving average is $98.70 and its two-hundred day simple moving average is $90.66. NRG Energy, Inc. has a 1-year low of $51.26 and a 1-year high of $115.38.

NRG Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.68%. This is a positive change from NRG Energy's previous quarterly dividend of $0.41. The ex-dividend date is Monday, February 3rd. NRG Energy's payout ratio is presently 44.22%.

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.