Asset Management One Co. Ltd. Reduces Stock Position in NRG Energy, Inc. (NYSE:NRG)

Asset Management One Co. Ltd. decreased its holdings in NRG Energy, Inc. (NYSE:NRG) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,724 shares of the utilities provider’s stock after selling 263 shares during the quarter. Asset Management One Co. Ltd.’s holdings in NRG Energy were worth $7,147,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NRG. Bleakley Financial Group LLC purchased a new stake in NRG Energy in the 3rd quarter valued at about $249,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in NRG Energy by 1.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,471 shares of the utilities provider’s stock valued at $2,138,000 after buying an additional 252 shares during the period. Net Worth Advisory Group purchased a new stake in NRG Energy in the 3rd quarter valued at about $224,000. Blue Trust Inc. grew its holdings in NRG Energy by 62.9% in the 3rd quarter. Blue Trust Inc. now owns 2,835 shares of the utilities provider’s stock valued at $258,000 after buying an additional 1,095 shares during the period. Finally, Raymond James & Associates grew its holdings in NRG Energy by 15.0% in the 3rd quarter. Raymond James & Associates now owns 486,539 shares of the utilities provider’s stock valued at $44,324,000 after buying an additional 63,365 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Price Performance

Shares of NYSE NRG opened at $107.64 on Tuesday. The company has a market capitalization of $21.80 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 1.22 and a beta of 1.15. The business has a 50 day simple moving average of $99.34 and a 200-day simple moving average of $91.78. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a twelve month low of $51.42 and a twelve month high of $115.38.

NRG Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be paid a $0.44 dividend. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.76 annualized dividend and a dividend yield of 1.64%. NRG Energy’s dividend payout ratio is presently 44.22%.

Insider Activity

In other news, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction on 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 completion of the sale, the chief financial officer now directly owns 69,454 shares of the company’s stock, valued at $6,780,794.02. This represents a 22.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Jefferies Financial Group upgraded 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. Evercore ISI upgraded 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. Citigroup boosted 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 NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Finally, BMO Capital Markets boosted their price target on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, NRG Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.43.

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.