GAMMA Investing LLC Acquires 1,092 Shares of NRG Energy, Inc. (NYSE:NRG)

GAMMA Investing LLC boosted its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 21.2% during the 4th quarter, Holdings Channel reports. The firm owned 6,249 shares of the utilities provider’s stock after buying an additional 1,092 shares during the period. GAMMA Investing LLC’s holdings in NRG Energy were worth $564,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in NRG. TD Asset Management Inc lifted its holdings in shares of NRG Energy by 23.7% in the second quarter. TD Asset Management Inc now owns 75,012 shares of the utilities provider’s stock worth $5,840,000 after buying an additional 14,394 shares in the last quarter. National Bank of Canada FI grew its position in shares of NRG Energy by 75.9% during the second quarter. National Bank of Canada FI now owns 203,111 shares of the utilities provider’s stock valued at $15,808,000 after purchasing an additional 87,621 shares in the last quarter. Savant Capital LLC increased its holdings in shares of NRG Energy by 1.7% in the second quarter. Savant Capital LLC now owns 16,571 shares of the utilities provider’s stock worth $1,290,000 after purchasing an additional 283 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of NRG Energy in the second quarter worth about $84,000. Finally, Los Angeles Capital Management LLC bought a new position in NRG Energy during the second quarter valued at approximately $248,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

NRG Energy Price Performance

NRG stock opened at $98.50 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a 12 month low of $50.23 and a 12 month high of $103.14. The stock has a market cap of $19.95 billion, a PE ratio of 24.75, a P/E/G ratio of 1.29 and a beta of 1.12. The company has a 50-day moving average price of $93.87 and a 200 day moving average price of $86.04.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $0.4075 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.63 annualized dividend and a dividend yield of 1.65%. NRG Energy’s payout ratio is 40.95%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Citigroup upped their price objective on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Wells Fargo & Company upped their price target on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and boosted their target price for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. BMO Capital Markets upped their target price on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. Finally, Guggenheim lifted their price target on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.71.

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.