Patton Fund Management Inc. Sells 9,118 Shares of NRG Energy, Inc. (NYSE:NRG)

Patton Fund Management Inc. lessened its stake in shares of NRG Energy, Inc. (NYSE:NRGFree Report) by 12.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,445 shares of the utilities provider’s stock after selling 9,118 shares during the quarter. Patton Fund Management Inc.’s holdings in NRG Energy were worth $5,634,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of NRG. Geode Capital Management LLC lifted its holdings in shares of NRG Energy by 6.2% during the third quarter. Geode Capital Management LLC now owns 5,399,098 shares of the utilities provider’s stock valued at $494,225,000 after acquiring an additional 313,478 shares during the period. Banco Santander S.A. increased its position in shares of NRG Energy by 0.9% during the 3rd quarter. Banco Santander S.A. now owns 2,820,500 shares of the utilities provider’s stock worth $256,948,000 after purchasing an additional 24,834 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in NRG Energy by 7.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,663,441 shares of the utilities provider’s stock valued at $242,639,000 after purchasing an additional 182,481 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in NRG Energy by 1,010.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider’s stock valued at $140,504,000 after buying an additional 1,417,057 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in NRG Energy by 52.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,330,706 shares of the utilities provider’s stock worth $121,227,000 after buying an additional 456,573 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Stock Up 3.8 %

Shares of NYSE:NRG opened at $101.15 on Wednesday. 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 stock has a market cap of $20.49 billion, a price-to-earnings ratio of 25.41, a P/E/G ratio of 1.30 and a beta of 1.15. The company has a 50 day moving average of $97.73 and a 200-day moving average of $88.87. NRG Energy, Inc. has a one year low of $51.26 and a one year high of $115.38.

NRG Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Monday, February 3rd. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s payout ratio is currently 40.95%.

Insider Buying and Selling at NRG Energy

In related news, CFO Bruce Chung sold 20,000 shares of the business’s 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 transaction, the chief financial officer now owns 69,454 shares in the company, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert J. Gaudette sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the completion of the sale, the vice president now directly owns 64,448 shares of the company’s stock, valued at $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.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. BMO Capital Markets boosted their target price on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Evercore ISI raised NRG Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. Guggenheim lifted their price target on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Wells Fargo & Company upped their price target on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and raised their price objective for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, NRG Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.43.

View Our Latest Stock Report on NRG

NRG Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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