Alyeska Investment Group L.P. Raises Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Alyeska Investment Group L.P. raised its stake in NRG Energy, Inc. (NYSE:NRG) by 19.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,611 shares of the utilities provider’s stock after purchasing an additional 6,484 shares during the period. Alyeska Investment Group L.P.’s holdings in NRG Energy were worth $3,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Meyer Handelman Co. raised its holdings in shares of NRG Energy by 43.8% in the fourth quarter. Meyer Handelman Co. now owns 78,982 shares of the utilities provider’s stock worth $7,126,000 after buying an additional 24,062 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in NRG Energy in the 4th quarter worth $1,340,000. Affinity Wealth Management LLC lifted its position in NRG Energy by 7.8% during the 4th quarter. Affinity Wealth Management LLC now owns 42,748 shares of the utilities provider’s stock worth $3,857,000 after acquiring an additional 3,084 shares during the period. SteelPeak Wealth LLC purchased a new stake in NRG Energy during the 4th quarter valued at about $2,418,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of NRG Energy in the fourth quarter valued at about $32,000. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Stock Performance

Shares of NRG stock opened at $117.01 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. NRG Energy, Inc. has a 12-month low of $65.11 and a 12-month high of $120.12. The business’s 50 day moving average is $98.40 and its two-hundred day moving average is $98.07. The company has a market capitalization of $23.83 billion, a P/E ratio of 29.40, a P/E/G ratio of 1.01 and a beta of 1.00.

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.44 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.50%. NRG Energy’s payout ratio is 35.92%.

Wall Street Analyst Weigh In

NRG has been the topic of several research reports. The Goldman Sachs Group began coverage on shares of NRG Energy in a report on Friday, April 4th. They issued a “buy” rating and a $129.00 price target on the stock. Jefferies Financial Group boosted their target price on shares of NRG Energy from $113.00 to $132.00 and gave the company a “buy” rating in a research report on Monday. Guggenheim increased their price target on NRG Energy from $134.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. BMO Capital Markets boosted their price objective on NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a report on Monday, March 3rd. Finally, Morgan Stanley raised their target price on NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $126.38.

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.