GAMMA Investing LLC Raises Position in NRG Energy, Inc. (NYSE:NRG)

GAMMA Investing LLC lifted its position in shares of NRG Energy, Inc. (NYSE:NRG) by 21.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,249 shares of the utilities provider’s stock after acquiring an additional 1,092 shares during the period. GAMMA Investing LLC’s holdings in NRG Energy were worth $564,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in NRG. Ashton Thomas Securities LLC bought a new stake in shares of NRG Energy in the 3rd quarter worth $26,000. Covestor Ltd increased its holdings in NRG Energy by 74.7% in the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after buying an additional 139 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in NRG Energy in the 3rd quarter worth about $35,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in NRG Energy during the 3rd quarter valued at about $36,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of NRG Energy in the third quarter worth approximately $43,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NRG has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. BMO Capital Markets increased their price target on NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a report on Tuesday, November 19th. Guggenheim lifted their price objective on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. Finally, Wells Fargo & Company upped their price target 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. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $102.71.

NRG Energy Stock Up 6.2 %

NRG stock opened at $98.50 on Monday. The business’s 50-day moving average price is $93.87 and its 200-day moving average price is $86.04. The stock has a market cap of $19.95 billion, a P/E ratio of 24.75, a PEG ratio of 1.29 and a beta of 1.12. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a twelve month low of $50.23 and a twelve month high of $103.14.

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $0.4075 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.65%. NRG Energy’s payout ratio is currently 40.95%.

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.