NRG Energy, Inc. (NYSE:NRG) Shares Bought by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. grew its stake in NRG Energy, Inc. (NYSE:NRG) by 8.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,379 shares of the utilities provider’s stock after purchasing an additional 550 shares during the quarter. Coldstream Capital Management Inc.’s holdings in NRG Energy were worth $666,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Everence Capital Management Inc. bought a new position in shares of NRG Energy in the 4th quarter worth about $549,000. Meyer Handelman Co. raised its stake in NRG Energy by 43.8% during the fourth quarter. Meyer Handelman Co. now owns 78,982 shares of the utilities provider’s stock worth $7,126,000 after acquiring an additional 24,062 shares during the period. Pine Valley Investments Ltd Liability Co lifted its holdings in NRG Energy by 25.1% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider’s stock worth $4,557,000 after acquiring an additional 10,031 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in NRG Energy in the fourth quarter valued at approximately $1,340,000. Finally, Affinity Wealth Management LLC grew its holdings in shares of NRG Energy by 7.8% during the fourth quarter. Affinity Wealth Management LLC now owns 42,748 shares of the utilities provider’s stock valued at $3,857,000 after purchasing an additional 3,084 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.

NRG Energy Trading Up 0.1 %

Shares of NYSE:NRG opened at $109.49 on Wednesday. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $117.26. 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 firm has a market cap of $22.30 billion, a P/E ratio of 27.51, a P/E/G ratio of 1.01 and a beta of 1.10. The company has a 50 day moving average of $97.54 and a 200-day moving average of $97.17.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Thursday, May 1st. NRG Energy’s payout ratio is currently 35.92%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NRG shares. Morgan Stanley boosted their price objective on NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. BMO Capital Markets upped 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 report on Monday, March 3rd. The Goldman Sachs Group assumed coverage on shares of NRG Energy in a report on Friday, April 4th. They issued a “buy” rating and a $129.00 price objective on the stock. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Finally, StockNews.com lowered shares of 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 issued a buy rating to the company. Based on data from MarketBeat.com, NRG Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.

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.