58,154 Shares in NRG Energy, Inc. (NYSE:NRG) Bought by Trexquant Investment LP

Trexquant Investment LP bought a new stake in NRG Energy, Inc. (NYSE:NRG) during the fourth quarter, HoldingsChannel.com reports. The fund bought 58,154 shares of the utilities provider’s stock, valued at approximately $5,247,000.

Several other hedge funds have also bought and sold shares of NRG. National Bank of Canada FI lifted its position in shares of NRG Energy by 101.0% in the fourth quarter. National Bank of Canada FI now owns 273,645 shares of the utilities provider’s stock valued at $24,688,000 after buying an additional 137,476 shares during the last quarter. Scalar Gauge Management LLC boosted its position in NRG Energy by 17.0% during the fourth quarter. Scalar Gauge Management LLC now owns 108,800 shares of the utilities provider’s stock worth $9,816,000 after purchasing an additional 15,800 shares during the period. Wellington Management Group LLP increased its holdings in shares of NRG Energy by 10.1% in the fourth quarter. Wellington Management Group LLP now owns 241,786 shares of the utilities provider’s stock valued at $21,814,000 after purchasing an additional 22,133 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of NRG Energy by 13.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 14,782 shares of the utilities provider’s stock valued at $1,334,000 after purchasing an additional 1,726 shares during the period. Finally, Clearbridge Investments LLC lifted its stake in shares of NRG Energy by 22.1% during the 4th quarter. Clearbridge Investments LLC now owns 41,221 shares of the utilities provider’s stock worth $3,719,000 after buying an additional 7,469 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $97.63, for a total value of $1,952,600.00. Following the completion of the sale, the chief financial officer now owns 69,454 shares of the company’s stock, valued at approximately $6,780,794.02. This trade represents a 22.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.86% of the company’s stock.

NRG Energy Stock Performance

Shares of NRG stock opened at $83.38 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a 52 week low of $65.11 and a 52 week high of $117.26. The firm has a 50 day moving average of $100.23 and a 200-day moving average of $96.08. The company has a market cap of $16.98 billion, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10.

NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.44 dividend. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a yield of 2.11%. The ex-dividend date was Monday, February 3rd. NRG Energy’s payout ratio is 35.92%.

Analysts Set New Price Targets

A number of analysts have issued reports on NRG shares. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. Wells Fargo & Company upped their price objective on shares of NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Morgan Stanley upped their price target on shares of NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. Finally, BMO Capital Markets upped their price target on shares of NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.