Renaissance Technologies LLC Has $20.89 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Renaissance Technologies LLC decreased its holdings in NRG Energy, Inc. (NYSE:NRG) by 53.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 231,516 shares of the utilities provider’s stock after selling 268,200 shares during the period. Renaissance Technologies LLC owned about 0.11% of NRG Energy worth $20,887,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in NRG. SBI Securities Co. Ltd. acquired a new stake in shares of NRG Energy in the fourth quarter valued at approximately $32,000. Mizuho Bank Ltd. bought a new position in NRG Energy in the fourth quarter valued at about $41,000. UMB Bank n.a. boosted its position in shares of 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 purchasing an additional 228 shares in the last quarter. Princeton Global Asset Management LLC lifted its stake in NRG Energy by 414.9% in the fourth 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 during the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of NRG Energy by 221.0% during the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 347 shares during the period. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Price Performance

Shares of NYSE:NRG opened at $94.44 on Monday. The firm has a market cap of $19.23 billion, a price-to-earnings ratio of 23.73, a P/E/G ratio of 1.01 and a beta of 1.10. The firm has a fifty day moving average price of $98.83 and a 200 day moving average price of $96.42. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $117.26. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17.

NRG Energy Announces Dividend

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 given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.86%. NRG Energy’s payout ratio is 35.92%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. BMO Capital Markets lifted their target price on NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a report on Monday, March 3rd. Guggenheim upped their price objective 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. The Goldman Sachs Group initiated coverage on NRG Energy in a research report on Friday, April 4th. They issued a “buy” rating and a $129.00 price objective for the company. StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Finally, Evercore ISI upgraded shares of NRG Energy from an “in-line” rating to an “outperform” rating and increased their price target for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $124.00.

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.