NRG Energy, Inc. (NYSE:NRG) Shares Bought by Vinva Investment Management Ltd

Vinva Investment Management Ltd grew its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 18.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,603 shares of the utilities provider’s stock after purchasing an additional 8,303 shares during the period. Vinva Investment Management Ltd’s holdings in NRG Energy were worth $4,940,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NRG. Oppenheimer & Co. Inc. acquired a new position in NRG Energy during the 3rd quarter worth approximately $431,000. Natixis Advisors LLC grew its holdings in shares of NRG Energy by 4.8% in the 3rd quarter. Natixis Advisors LLC now owns 163,131 shares of the utilities provider’s stock worth $14,861,000 after acquiring an additional 7,492 shares during the period. Caprock Group LLC grew its holdings in shares of NRG Energy by 19.1% in the 3rd quarter. Caprock Group LLC now owns 3,439 shares of the utilities provider’s stock worth $313,000 after acquiring an additional 552 shares during the period. Prospera Financial Services Inc grew its holdings in shares of NRG Energy by 29.0% in the 3rd quarter. Prospera Financial Services Inc now owns 10,650 shares of the utilities provider’s stock worth $970,000 after acquiring an additional 2,394 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of NRG Energy in the 3rd quarter worth approximately $502,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Trading Up 3.8 %

Shares of NRG Energy stock opened at $98.30 on Thursday. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $117.26. The firm has a market cap of $20.02 billion, a PE ratio of 24.70, a P/E/G ratio of 1.01 and a beta of 1.13. The business’s fifty day moving average is $102.07 and its two-hundred day moving average is $94.72. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Monday, February 3rd. 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%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. BMO Capital Markets upped their price target on NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a report on Monday, March 3rd. Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Morgan Stanley upped their price target on NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Wells Fargo & Company increased their target price on NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Finally, StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.29.

Insiders Place Their Bets

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the transaction, the vice president now owns 64,448 shares of the company’s stock, valued at $5,891,191.68. This represents a 48.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Bruce Chung sold 20,000 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 69,454 shares in the company, valued at $6,780,794.02. This trade represents a 22.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

NRG Energy 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.