Decade Renewable Partners LP Purchases Shares of 13,500 NRG Energy, Inc. (NYSE:NRG)

Decade Renewable Partners LP acquired a new stake in shares of NRG Energy, Inc. (NYSE:NRG) during the fourth quarter, Holdings Channel reports. The fund acquired 13,500 shares of the utilities provider’s stock, valued at approximately $1,218,000.

Several other large investors have also recently modified their holdings of NRG. Lonestar Capital Management LLC purchased a new position in NRG Energy in the 4th quarter worth approximately $2,977,000. Coldstream Capital Management Inc. increased its stake in shares of NRG Energy by 8.1% in the fourth quarter. Coldstream Capital Management Inc. now owns 7,379 shares of the utilities provider’s stock worth $666,000 after buying an additional 550 shares during the period. Two Sigma Securities LLC raised its holdings in NRG Energy by 258.4% during the 4th quarter. Two Sigma Securities LLC now owns 5,017 shares of the utilities provider’s stock valued at $453,000 after buying an additional 3,617 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its position in NRG Energy by 6.2% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 12,608 shares of the utilities provider’s stock valued at $1,137,000 after buying an additional 740 shares during the period. Finally, Hood River Capital Management LLC grew its holdings in NRG Energy by 39.0% in the 4th quarter. Hood River Capital Management LLC now owns 89,303 shares of the utilities provider’s stock worth $8,057,000 after acquiring an additional 25,034 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Trading Up 2.1 %

NYSE:NRG opened at $108.36 on Monday. NRG Energy, Inc. has a one year low of $65.11 and a one year high of $117.26. The company’s 50-day simple moving average is $97.63 and its 200 day simple moving average is $96.94. The firm has a market capitalization of $22.07 billion, a P/E ratio of 27.23, a PEG 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.44 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.62%. NRG Energy’s payout ratio is currently 35.92%.

Analyst Ratings Changes

Several brokerages have recently commented on NRG. Guggenheim increased 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. Morgan Stanley increased their price objective on 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 report on Saturday, March 8th. BMO Capital Markets lifted their price target on shares of NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a report on Monday, March 3rd. Finally, Wells Fargo & Company upped their price objective 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. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $124.00.

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.