Xponance Inc. Has $4.53 Million Stock Position in NRG Energy, Inc. (NYSE:NRG)

Xponance Inc. boosted its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 2.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 50,218 shares of the utilities provider’s stock after purchasing an additional 1,409 shares during the quarter. Xponance Inc.’s holdings in NRG Energy were worth $4,531,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NRG. SBI Securities Co. Ltd. purchased a new position in shares of NRG Energy during the fourth quarter valued at $32,000. UMB Bank n.a. grew its stake in NRG Energy by 100.4% during the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 228 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new position in shares of NRG Energy in the 3rd quarter valued at about $43,000. Princeton Global Asset Management LLC lifted its position in shares of NRG Energy by 414.9% in the fourth quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 390 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of NRG Energy by 221.0% during the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 347 shares during the period. 97.72% of the stock is owned by hedge funds and other institutional investors.

NRG Energy Stock Up 1.5 %

NRG opened at $99.70 on Friday. The firm has a market cap of $20.30 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The business has a 50 day moving average price of $102.09 and a 200 day moving average price of $94.76. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $117.26.

NRG Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a $0.44 dividend. The ex-dividend date was Monday, February 3rd. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a yield of 1.77%. NRG Energy’s dividend payout ratio (DPR) is presently 35.92%.

Insider Buying and Selling

In other news, VP Robert J. Gaudette sold 60,000 shares of NRG Energy stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total value of $5,484,600.00. Following the transaction, the vice president now directly owns 64,448 shares in the company, valued at approximately $5,891,191.68. The trade was a 48.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $97.63, for a total value of $1,952,600.00. Following the sale, the chief financial officer now owns 69,454 shares of the company’s stock, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their position. 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 research firms have issued reports on NRG. Evercore ISI upgraded shares of NRG Energy from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Wells Fargo & Company boosted their target price on NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. BMO Capital Markets raised their price target on NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a research note on Monday, March 3rd. Finally, Morgan Stanley boosted their price target on NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, NRG Energy presently has an average rating of “Moderate Buy” and a consensus price target of $123.29.

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.