NRG Energy, Inc. (NYSE:NRG) Position Lessened by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. lowered its position in NRG Energy, Inc. (NYSE:NRG) by 24.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,591 shares of the utilities provider’s stock after selling 3,082 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in NRG Energy were worth $865,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NRG. M&T Bank Corp grew its stake in shares of NRG Energy by 0.3% in the 3rd quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider’s stock valued at $3,481,000 after buying an additional 113 shares in the last quarter. McIlrath & Eck LLC grew its position in NRG Energy by 4.5% in the third quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider’s stock worth $240,000 after acquiring an additional 113 shares in the last quarter. Mather Group LLC. increased its stake in shares of NRG Energy by 18.4% during the 4th quarter. Mather Group LLC. now owns 803 shares of the utilities provider’s stock worth $72,000 after purchasing an additional 125 shares during the last quarter. Grove Bank & Trust raised its holdings in shares of NRG Energy by 29.7% during the 4th quarter. Grove Bank & Trust now owns 564 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 129 shares in the last quarter. Finally, Hanseatic Management Services Inc. raised its holdings in shares of NRG Energy by 12.0% during the 4th quarter. Hanseatic Management Services Inc. now owns 1,244 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 133 shares in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on NRG shares. BMO Capital Markets increased their target price on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 19th. Morgan Stanley upped their price target on NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Jefferies Financial Group raised 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 note on Tuesday, November 26th. Wells Fargo & Company upped their target price on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, Citigroup lifted their price target on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, NRG Energy has an average rating of “Moderate Buy” and a consensus target price of $113.71.

Insider Transactions at NRG Energy

In related news, CFO Bruce Chung sold 20,000 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $97.63, for a total value of $1,952,600.00. Following the completion of the sale, the chief financial officer now owns 69,454 shares in the company, valued at approximately $6,780,794.02. This trade represents a 22.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert J. Gaudette sold 60,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total value of $5,484,600.00. Following the transaction, the vice president now owns 64,448 shares in the company, valued at $5,891,191.68. This represents a 48.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.

NRG Energy Price Performance

Shares of NYSE:NRG opened at $105.96 on Friday. The company has a market cap of $21.46 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 1.33 and a beta of 1.15. The business has a 50 day moving average price of $100.59 and a 200 day moving average price of $92.60. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a twelve month low of $51.49 and a twelve month high of $115.38.

NRG Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.66%. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, February 3rd. NRG Energy’s dividend payout ratio is currently 44.22%.

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.