WINTON GROUP Ltd Makes New $5.50 Million Investment in NRG Energy, Inc. (NYSE:NRG)

WINTON GROUP Ltd acquired a new stake in NRG Energy, Inc. (NYSE:NRG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 60,972 shares of the utilities provider’s stock, valued at approximately $5,501,000.

Other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its stake in shares of NRG Energy by 1,010.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider’s stock worth $140,504,000 after acquiring an additional 1,417,057 shares during the period. Boston Partners bought a new stake in NRG Energy in the 4th quarter valued at $94,346,000. Appaloosa LP lifted its holdings in NRG Energy by 81.5% during the 4th quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider’s stock valued at $163,749,000 after purchasing an additional 815,180 shares during the last quarter. Teacher Retirement System of Texas boosted its position in NRG Energy by 350.4% during the fourth quarter. Teacher Retirement System of Texas now owns 904,265 shares of the utilities provider’s stock worth $81,583,000 after purchasing an additional 703,481 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of NRG Energy in the fourth quarter valued at $61,679,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Guggenheim upped their target price on NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. BMO Capital Markets lifted their price target on NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a report on Monday, March 3rd. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Finally, Evercore ISI upgraded NRG Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $123.29.

NRG Energy Price Performance

Shares of NYSE NRG opened at $97.34 on Thursday. The stock has a market capitalization of $19.82 billion, a PE ratio of 24.46, a P/E/G ratio of 1.01 and a beta of 1.13. 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 current ratio of 1.17 and a quick ratio of 1.10. The business has a fifty day moving average price of $102.14 and a two-hundred day moving average price of $95.45.

NRG Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.44 per share. This is a boost 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 1.81%. NRG Energy’s dividend payout ratio is currently 35.92%.

Insiders Place Their Bets

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $97.63, for a total value of $1,952,600.00. Following the sale, 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 SEC, which can be accessed through the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of NRG Energy stock in a transaction 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 transaction, the vice president now owns 64,448 shares in the company, valued at approximately $5,891,191.68. The trade was a 48.21 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

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.