NRG Energy, Inc. (NYSE:NRG) Shares Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP grew its stake in NRG Energy, Inc. (NYSE:NRG) by 229.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,593 shares of the utilities provider’s stock after buying an additional 77,051 shares during the period. ExodusPoint Capital Management LP owned 0.05% of NRG Energy worth $9,978,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NRG. SBI Securities Co. Ltd. purchased a new stake in NRG Energy in the fourth quarter valued at approximately $32,000. UMB Bank n.a. raised its position in NRG Energy by 100.4% in the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 228 shares during the last quarter. Princeton Global Asset Management LLC raised its position in NRG Energy by 414.9% in the 4th 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 boosted its stake in 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 period. Finally, Grove Bank & Trust grew its position in 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 during the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NRG shares. StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. The Goldman Sachs Group assumed coverage on NRG Energy in a research report on Friday. They set a “buy” rating and a $129.00 price objective for the company. Guggenheim boosted their target price on NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, February 27th. BMO Capital Markets increased 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. Finally, Wells Fargo & Company boosted their price objective on shares of NRG Energy from $140.00 to $165.00 and gave the company an “overweight” 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $124.00.

NRG Energy Price Performance

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

NRG Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 2.11%. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s payout ratio is currently 35.92%.

Insiders Place Their Bets

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of the business’s stock in a transaction 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.86% of the stock is currently owned by company insiders.

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.