9,606 Shares in NRG Energy, Inc. (NYSE:NRG) Purchased by Stevens Capital Management LP

Stevens Capital Management LP bought a new stake in NRG Energy, Inc. (NYSE:NRG) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 9,606 shares of the utilities provider’s stock, valued at approximately $867,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Everence Capital Management Inc. purchased a new position in NRG Energy in the 4th quarter valued at about $549,000. Meyer Handelman Co. lifted its holdings in NRG Energy by 43.8% in the 4th quarter. Meyer Handelman Co. now owns 78,982 shares of the utilities provider’s stock valued at $7,126,000 after purchasing an additional 24,062 shares in the last quarter. Luxor Capital Group LP lifted its holdings in NRG Energy by 47.8% in the 3rd quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider’s stock valued at $47,426,000 after purchasing an additional 168,267 shares in the last quarter. Pine Valley Investments Ltd Liability Co lifted its holdings in 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 valued at $4,557,000 after purchasing an additional 10,031 shares in the last quarter. Finally, Bank of Hawaii lifted its holdings in NRG Energy by 95.5% in the 3rd quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider’s stock valued at $1,429,000 after purchasing an additional 7,662 shares in the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on NRG shares. Wells Fargo & Company upped their target price on shares of NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. 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. BMO Capital Markets upped their price objective on shares of 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 shares of NRG Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Finally, Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and upped their price objective for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $123.29.

NRG Energy Stock Up 1.0 %

NRG opened at $100.63 on Friday. The firm has a 50 day moving average price of $102.12 and a 200 day moving average price of $94.97. The company has a market cap of $20.49 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. NRG Energy, Inc. has a 1 year low of $65.11 and a 1 year 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a $0.44 dividend. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 annualized dividend and a yield of 1.75%. NRG Energy’s dividend payout ratio (DPR) is 35.92%.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total value of $5,484,600.00. Following the completion of the sale, the vice president now owns 64,448 shares of the company’s stock, valued at $5,891,191.68. This trade represents a 48.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Bruce Chung sold 20,000 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the completion of the sale, the chief financial officer now directly owns 69,454 shares of the company’s stock, valued at $6,780,794.02. This trade represents a 22.36 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

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.