iA Global Asset Management Inc. Has $1.81 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

iA Global Asset Management Inc. decreased its holdings in NRG Energy, Inc. (NYSE:NRG) by 6.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 20,070 shares of the utilities provider’s stock after selling 1,353 shares during the period. iA Global Asset Management Inc.’s holdings in NRG Energy were worth $1,811,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC raised its stake in shares of NRG Energy by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 5,399,098 shares of the utilities provider’s stock valued at $494,225,000 after buying an additional 313,478 shares in the last quarter. Banco Santander S.A. raised its stake in shares of NRG Energy by 0.3% in the 4th quarter. Banco Santander S.A. now owns 2,828,000 shares of the utilities provider’s stock valued at $255,142,000 after buying an additional 7,500 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of NRG Energy by 7.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,663,441 shares of the utilities provider’s stock valued at $242,639,000 after buying an additional 182,481 shares in the last quarter. Appaloosa LP raised its stake in shares of NRG Energy by 81.5% in the 4th quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider’s stock valued at $163,749,000 after buying an additional 815,180 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of NRG Energy by 1,010.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider’s stock valued at $140,504,000 after buying an additional 1,417,057 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Analyst Ratings Changes

NRG has been the topic of several analyst reports. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and upped their target price for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Guggenheim upped their target price on shares of NRG Energy from $134.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, BMO Capital Markets upped their target price on shares of NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a report on Monday, March 3rd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.29.

NRG Energy Stock Up 1.0 %

Shares of NYSE:NRG opened at $100.63 on Friday. NRG Energy, Inc. has a 12 month low of $65.11 and a 12 month high of $117.26. The company’s 50-day moving average price is $102.12 and its two-hundred day moving average price is $94.86. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The firm has a market cap of $20.49 billion, a P/E ratio of 25.28, a P/E/G ratio of 1.01 and a beta of 1.13.

NRG Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.75%. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s dividend payout ratio is currently 35.92%.

Insiders Place Their Bets

In other news, CFO Bruce Chung sold 20,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $97.63, for a total value of $1,952,600.00. Following the transaction, the chief financial officer now owns 69,454 shares of the company’s stock, valued at approximately $6,780,794.02. This trade represents a 22.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert J. Gaudette sold 60,000 shares of the firm’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 transaction, the vice president now directly owns 64,448 shares in the company, valued at $5,891,191.68. This trade represents a 48.21 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

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.