Two Sigma Securities LLC Increases Holdings in NRG Energy, Inc. (NYSE:NRG)

Two Sigma Securities LLC boosted its position in shares of NRG Energy, Inc. (NYSE:NRG) by 258.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,017 shares of the utilities provider’s stock after purchasing an additional 3,617 shares during the quarter. Two Sigma Securities LLC’s holdings in NRG Energy were worth $453,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of NRG. SBI Securities Co. Ltd. purchased a new position in shares of NRG Energy during the fourth quarter valued at $32,000. UMB Bank n.a. grew its holdings in NRG Energy by 100.4% during the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 228 shares in the last quarter. Mizuho Bank Ltd. purchased a new position in NRG Energy during the 4th quarter valued at about $41,000. Princeton Global Asset Management LLC raised its holdings in shares of NRG Energy by 414.9% in the 4th quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 390 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of NRG Energy by 221.0% in the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 347 shares during the period. 97.72% of the stock is owned by institutional investors.

NRG Energy Trading Up 2.1 %

NYSE:NRG opened at $108.36 on Friday. 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 firm has a fifty day simple moving average of $97.63 and a 200-day simple moving average of $96.88. NRG Energy, Inc. has a 12 month low of $65.11 and a 12 month high of $117.26. The company has a market capitalization of $22.07 billion, a P/E ratio of 27.23, a PEG ratio of 1.01 and a beta of 1.10.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, May 1st. NRG Energy’s dividend payout ratio is presently 35.92%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. Wells Fargo & Company boosted their target price on shares of NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Guggenheim raised 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. The Goldman Sachs Group started 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. Finally, Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and increased their target price for the company from $74.00 to $126.00 in a research report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company 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.