NRG Energy, Inc. (NYSE:NRG) Stock Holdings Lifted by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,319 shares of the utilities provider’s stock after acquiring an additional 497 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in NRG Energy were worth $5,713,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Everence Capital Management Inc. purchased a new position in NRG Energy in the 4th quarter worth about $549,000. Meyer Handelman Co. lifted its position in shares of NRG Energy by 43.8% in the 4th quarter. Meyer Handelman Co. now owns 78,982 shares of the utilities provider’s stock valued at $7,126,000 after acquiring an additional 24,062 shares in the last quarter. Luxor Capital Group LP boosted its stake in NRG Energy by 47.8% in the 3rd quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider’s stock worth $47,426,000 after purchasing an additional 168,267 shares during the period. Pine Valley Investments Ltd Liability Co grew its position in NRG Energy by 25.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider’s stock worth $4,557,000 after purchasing an additional 10,031 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new stake in NRG Energy during the 4th quarter valued at $1,340,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Stock Performance

NRG stock opened at $98.45 on Wednesday. The company has a market capitalization of $20.05 billion, a price-to-earnings ratio of 24.74, a P/E/G ratio of 1.01 and a beta of 1.13. The firm has a 50 day moving average of $101.31 and a two-hundred day moving average of $96.04. 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 12 month low of $65.11 and a 12 month high of $117.26.

NRG Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.79%. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, February 3rd. NRG Energy’s dividend payout ratio is presently 35.92%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NRG. Wells Fargo & Company lifted their price target on NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Evercore ISI upgraded NRG Energy from an “in-line” rating to an “outperform” rating and upped their target price for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. Morgan Stanley upped their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Finally, Guggenheim lifted their target price on shares of NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $123.29.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the completion of the sale, the vice president now directly owns 64,448 shares in the company, valued at $5,891,191.68. This represents a 48.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction dated 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 owns 69,454 shares in the company, valued at $6,780,794.02. The trade was 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 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.