Aware Super Pty Ltd as trustee of Aware Super Buys Shares of 18,957 NRG Energy, Inc. (NYSE:NRG)

Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of NRG Energy, Inc. (NYSE:NRG) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 18,957 shares of the utilities provider’s stock, valued at approximately $1,710,000.

Other large investors also recently added to or reduced their stakes in the company. MML Investors Services LLC raised its holdings in NRG Energy by 28.6% during the 3rd quarter. MML Investors Services LLC now owns 16,886 shares of the utilities provider’s stock valued at $1,538,000 after acquiring an additional 3,752 shares during the period. McIlrath & Eck LLC raised its stake in shares of NRG Energy by 4.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider’s stock valued at $240,000 after purchasing an additional 113 shares during the period. Fulcrum Equity Management purchased a new stake in NRG Energy during the 3rd quarter worth about $274,000. Pine Valley Investments Ltd Liability Co boosted its stake in NRG Energy by 25.1% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider’s stock worth $4,557,000 after purchasing an additional 10,031 shares during the period. Finally, World Investment Advisors LLC purchased a new position in NRG Energy during the 3rd quarter valued at about $254,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NRG. Wells Fargo & Company increased their price target 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. Morgan Stanley raised their price target on shares of NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Guggenheim lifted their price objective on NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, StockNews.com lowered NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.00.

NRG Energy Stock Up 1.1 %

NRG opened at $97.02 on Wednesday. The business’s fifty day simple moving average is $98.56 and its 200 day simple moving average is $96.46. NRG Energy, Inc. has a 52 week low of $65.11 and a 52 week high of $117.26. 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 stock has a market cap of $19.76 billion, a PE ratio of 24.38, a P/E/G ratio of 1.01 and a beta of 1.10.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, May 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.81%. NRG Energy’s dividend payout ratio (DPR) is presently 35.92%.

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.