Mutual of America Capital Management LLC Sells 3,527 Shares of NRG Energy, Inc. (NYSE:NRG)

Mutual of America Capital Management LLC lowered its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 5.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,475 shares of the utilities provider’s stock after selling 3,527 shares during the quarter. Mutual of America Capital Management LLC’s holdings in NRG Energy were worth $5,636,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Everence Capital Management Inc. bought a new position in NRG Energy during the fourth quarter worth $549,000. Meyer Handelman Co. increased its position 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. Luxor Capital Group LP increased its position in NRG Energy by 47.8% during the third quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider’s stock worth $47,426,000 after acquiring an additional 168,267 shares during the period. Pine Valley Investments Ltd Liability Co increased its position in NRG Energy by 25.1% during 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 period. Finally, Bank of Hawaii increased its holdings in NRG Energy by 95.5% in the 3rd quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider’s stock valued at $1,429,000 after buying an additional 7,662 shares during the period. Institutional investors own 97.72% of the company’s stock.

Insiders Place Their Bets

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the transaction, the chief financial officer now owns 69,454 shares of the company’s stock, valued at approximately $6,780,794.02. This represents a 22.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of the company’s stock in a transaction on 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. This represents a 48.21 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

NRG Energy Stock Down 5.3 %

NRG opened at $100.13 on Tuesday. The firm’s 50-day simple moving average is $102.26 and its 200-day simple moving average is $93.92. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. NRG Energy, Inc. has a twelve month low of $55.96 and a twelve month high of $117.26. The firm has a market cap of $19.83 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 1.01 and a beta of 1.15.

NRG Energy Increases Dividend

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

Analyst Ratings Changes

Several brokerages have issued reports on NRG. Guggenheim boosted their price target on shares of NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, February 27th. StockNews.com raised shares of NRG Energy from a “hold” rating to a “buy” rating in a report on Friday. Morgan Stanley boosted 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. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from $93.00 to $113.00 in a report on Tuesday, November 26th. Finally, Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $123.29.

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.