Mizuho Bank Ltd. Invests $41,000 in NRG Energy, Inc. (NYSE:NRG)

Mizuho Bank Ltd. acquired a new position in NRG Energy, Inc. (NYSE:NRG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 450 shares of the utilities provider’s stock, valued at approximately $41,000.

Several other large investors have also added to or reduced their stakes in NRG. SBI Securities Co. Ltd. bought a new stake in NRG Energy during the 4th quarter worth about $32,000. UMB Bank n.a. raised its holdings in NRG Energy by 100.4% during the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 228 shares in the last quarter. Princeton Global Asset Management LLC boosted its position in NRG Energy by 414.9% during 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. Larson Financial Group LLC increased its position 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 purchasing an additional 347 shares during the last quarter. Finally, Grove Bank & Trust raised its stake in shares of NRG Energy by 29.7% during the 4th quarter. Grove Bank & Trust now owns 564 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 129 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. BMO Capital Markets lifted their target price on NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a research note on Monday, March 3rd. StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. Wells Fargo & Company lifted their target price on shares of NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Morgan Stanley increased their price target on shares of NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Finally, 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. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, NRG Energy presently has an average rating of “Moderate Buy” and a consensus price target of $124.00.

Insider Transactions at NRG Energy

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction dated 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 transaction, the chief financial officer now owns 69,454 shares in the company, valued at $6,780,794.02. The trade was a 22.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.86% of the stock is currently owned by insiders.

NRG Energy Price Performance

Shares of NYSE NRG opened at $83.38 on Friday. The business has a fifty day moving average price of $100.23 and a two-hundred day moving average price of $96.08. The stock has a market capitalization of $16.98 billion, a PE ratio of 20.95, a P/E/G ratio of 1.01 and a beta of 1.10. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $117.26.

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 2.11%. NRG Energy’s dividend payout ratio is currently 35.92%.

NRG Energy Company 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.