Zurcher Kantonalbank Zurich Cantonalbank Has $8.95 Million Stock Position in NRG Energy, Inc. (NYSE:NRG)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 4.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 99,152 shares of the utilities provider's stock after buying an additional 3,970 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in NRG Energy were worth $8,945,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Everence Capital Management Inc. acquired a new stake in NRG Energy during the 4th quarter worth approximately $549,000. Meyer Handelman Co. raised its holdings in shares of NRG Energy by 43.8% in the fourth quarter. Meyer Handelman Co. now owns 78,982 shares of the utilities provider's stock valued at $7,126,000 after purchasing an additional 24,062 shares during the last quarter. Luxor Capital Group LP raised its holdings in shares of NRG Energy by 47.8% in the third quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider's stock valued at $47,426,000 after purchasing an additional 168,267 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its holdings in shares of NRG Energy by 25.1% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider's stock valued at $4,557,000 after purchasing an additional 10,031 shares during the last quarter. Finally, Bank of Hawaii raised its holdings in shares of NRG Energy by 95.5% in the third quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider's stock valued at $1,429,000 after purchasing an additional 7,662 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NRG. BMO Capital Markets lifted their price objective on shares of NRG Energy from $100.00 to $115.00 and gave the company a "market perform" rating in a report on Monday, March 3rd. Jefferies Financial Group upgraded shares of NRG Energy from a "hold" rating to a "buy" rating and boosted their target price for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Morgan Stanley boosted their target price on shares of NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. Wells Fargo & Company boosted their target price on shares of NRG Energy from $140.00 to $165.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Finally, Evercore ISI upgraded shares of NRG Energy from an "in-line" rating to an "outperform" rating and boosted their target price for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, NRG Energy has an average rating of "Moderate Buy" and a consensus target price of $123.29.

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Insiders Place Their Bets

In other news, CFO Bruce Chung sold 20,000 shares of the business's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $97.63, for a total value of $1,952,600.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Robert J. Gaudette sold 60,000 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the completion of the sale, the vice president now directly owns 64,448 shares of the company's stock, valued at approximately $5,891,191.68. The trade was a 48.21 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.86% of the company's stock.

NRG Energy Trading Down 1.4 %

NRG stock opened at $91.17 on Friday. 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 company has a fifty day moving average price of $102.26 and a two-hundred day moving average price of $94.30. NRG Energy, Inc. has a one year low of $62.40 and a one year high of $117.26. The stock has a market cap of $18.06 billion, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13.

NRG Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.93%. This is a boost from NRG Energy's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, February 3rd. NRG Energy's payout ratio is 35.92%.

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.

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