6,090 Shares in NRG Energy, Inc. (NYSE:NRG) Bought by Everence Capital Management Inc.

Everence Capital Management Inc. acquired a new stake in shares of NRG Energy, Inc. (NYSE:NRG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,090 shares of the utilities provider’s stock, valued at approximately $549,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its position in NRG Energy by 21.2% in the 4th quarter. GAMMA Investing LLC now owns 6,249 shares of the utilities provider’s stock worth $564,000 after purchasing an additional 1,092 shares during the period. Versant Capital Management Inc grew its stake in shares of NRG Energy by 163.3% during the fourth quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider’s stock valued at $139,000 after buying an additional 957 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of NRG Energy by 17.7% in the third quarter. Principal Financial Group Inc. now owns 458,811 shares of the utilities provider’s stock worth $41,800,000 after buying an additional 69,047 shares during the period. Oddo BHF Asset Management Sas purchased a new position in NRG Energy during the 3rd quarter valued at $513,000. Finally, Castellan Group grew its position in NRG Energy by 77.0% in the 3rd quarter. Castellan Group now owns 113,064 shares of the utilities provider’s stock valued at $10,300,000 after acquiring an additional 49,197 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Performance

Shares of NRG stock opened at $98.50 on Friday. The firm has a market cap of $19.95 billion, a price-to-earnings ratio of 24.75, a PEG ratio of 1.29 and a beta of 1.12. NRG Energy, Inc. has a 52-week low of $50.23 and a 52-week high of $103.14. 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 company’s 50 day moving average is $93.87 and its 200 day moving average is $86.00.

NRG Energy Announces Dividend

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

Analyst Upgrades and Downgrades

NRG has been the subject of a number of recent analyst reports. BMO Capital Markets boosted their target price on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. Guggenheim boosted their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Citigroup raised their target price on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from $93.00 to $113.00 in a report on Tuesday, November 26th. Finally, Wells Fargo & Company raised their price objective on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.71.

NRG Energy 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.