O Shaughnessy Asset Management LLC Has $1.33 Million Holdings in NRG Energy, Inc. (NYSE:NRG)

O Shaughnessy Asset Management LLC grew its holdings in NRG Energy, Inc. (NYSE:NRG) by 13.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,782 shares of the utilities provider’s stock after acquiring an additional 1,726 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in NRG Energy were worth $1,334,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of NRG. Assenagon Asset Management S.A. increased its stake in 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 purchasing an additional 1,417,057 shares in the last quarter. Boston Partners bought a new stake in shares of NRG Energy during the fourth quarter worth $94,346,000. Appaloosa LP lifted its position in 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 acquiring an additional 815,180 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in NRG Energy by 350.4% in the 4th 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. bought a new position in NRG Energy during the 4th quarter worth about $61,679,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Analysts Set New Price Targets

NRG has been the topic of a number of research reports. Evercore ISI upgraded NRG Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. Morgan Stanley increased 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. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Wells Fargo & Company boosted their price objective on shares of NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Finally, Guggenheim increased their price target on NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.

NRG Energy Trading Down 10.1 %

Shares of NRG Energy stock opened at $83.38 on Friday. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The firm has a 50-day moving average of $100.23 and a 200-day moving average of $96.18. NRG Energy, Inc. has a 52-week low of $65.11 and a 52-week high of $117.26. The stock has a market cap of $16.98 billion, a PE ratio of 20.95, a PEG ratio of 1.01 and a beta of 1.10.

NRG Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date was Monday, February 3rd. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s dividend payout ratio is presently 35.92%.

Insider Transactions at NRG Energy

In related news, CFO Bruce Chung sold 20,000 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the sale, the chief financial officer now owns 69,454 shares of the company’s stock, valued at $6,780,794.02. This represents a 22.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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.