NRG Energy, Inc. (NYSE:NRG) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its holdings in NRG Energy, Inc. (NYSE:NRG) by 31.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 20,351 shares of the utilities provider’s stock after buying an additional 4,836 shares during the quarter. Tower Research Capital LLC TRC’s holdings in NRG Energy were worth $1,836,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in NRG. McIlrath & Eck LLC boosted its holdings in NRG Energy by 4.5% during the third quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider’s stock worth $240,000 after buying an additional 113 shares in the last quarter. Fulcrum Equity Management purchased a new stake in shares of NRG Energy during the 3rd quarter worth approximately $274,000. Pine Valley Investments Ltd Liability Co grew its holdings in shares of NRG Energy by 25.1% in 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 acquiring an additional 10,031 shares during the period. World Investment Advisors LLC acquired a new position in NRG Energy during the third quarter worth $254,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of NRG Energy in the third quarter valued at $797,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Stock Performance

NYSE NRG opened at $98.84 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The company has a market capitalization of $20.13 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10. The business’s 50-day moving average price is $97.84 and its 200 day moving average price is $96.60. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $117.26.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a $0.44 dividend. The ex-dividend date is Thursday, May 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.78%. NRG Energy’s dividend payout ratio is presently 35.92%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NRG shares. Wells Fargo & Company boosted 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. The Goldman Sachs Group assumed coverage on shares of NRG Energy in a research note on Friday, April 4th. They set a “buy” rating and a $129.00 price objective for the company. BMO Capital Markets upped their target price on NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a research note on Monday, March 3rd. Evercore ISI raised NRG Energy from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Finally, Morgan Stanley upped their price objective on NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, NRG Energy has an average rating of “Moderate Buy” and an average target price of $124.00.

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.