Jacobs Levy Equity Management Inc. Sells 381,161 Shares of NRG Energy, Inc. (NYSE:NRG)

Jacobs Levy Equity Management Inc. lessened its position in NRG Energy, Inc. (NYSE:NRG) by 14.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,282,280 shares of the utilities provider’s stock after selling 381,161 shares during the period. NRG Energy accounts for 0.7% of Jacobs Levy Equity Management Inc.’s investment portfolio, making the stock its 27th biggest position. Jacobs Levy Equity Management Inc. owned approximately 1.13% of NRG Energy worth $205,907,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of NRG Energy in the fourth quarter worth about $32,000. UMB Bank n.a. grew its position in shares of NRG Energy by 100.4% in the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock worth $41,000 after buying an additional 228 shares during the last quarter. Mizuho Bank Ltd. purchased a new position in shares of NRG Energy during the fourth quarter valued at approximately $41,000. Princeton Global Asset Management LLC raised its holdings in shares of NRG Energy by 414.9% during the fourth quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 390 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in NRG Energy by 221.0% in the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 347 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Trading Down 0.9 %

NRG Energy stock opened at $119.25 on Friday. NRG Energy, Inc. has a 12 month low of $65.11 and a 12 month high of $120.92. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The business’s fifty day simple moving average is $99.45 and its two-hundred day simple moving average is $98.76. The company has a market capitalization of $24.29 billion, a price-to-earnings ratio of 29.96, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.48%. The ex-dividend date is Thursday, May 1st. NRG Energy’s dividend payout ratio (DPR) is 35.92%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NRG. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. BMO Capital Markets increased their price target on shares of NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a research note on Monday, March 3rd. Jefferies Financial Group lifted their price objective on NRG Energy from $113.00 to $132.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Guggenheim increased their target price on NRG Energy from $134.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company lifted their price target on NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, NRG Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.38.

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.