NRG Energy, Inc. (NYSE:NRG) Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its stake in NRG Energy, Inc. (NYSE:NRG) by 2.7% in the 4th quarter, Holdings Channel reports. The firm owned 290,378 shares of the utilities provider’s stock after purchasing an additional 7,630 shares during the quarter. Allianz Asset Management GmbH’s holdings in NRG Energy were worth $26,198,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC acquired a new position in NRG Energy during the third quarter worth $26,000. Covestor Ltd grew its holdings in NRG Energy by 74.7% in the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 139 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of NRG Energy in the third quarter valued at $35,000. UMB Bank n.a. raised its stake in shares of NRG Energy by 100.4% during the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock worth $41,000 after buying an additional 228 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC purchased a new stake in shares of NRG Energy in the 3rd quarter worth about $43,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on NRG shares. Citigroup upped their price target on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Morgan Stanley upped their target price on NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. BMO Capital Markets increased their target price on NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a report on Tuesday, November 19th. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Finally, Wells Fargo & Company increased their price objective on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.71.

Insider Buying and Selling at NRG Energy

In related news, CFO Bruce Chung sold 20,000 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $97.63, for a total value of $1,952,600.00. Following the transaction, the chief financial officer now directly owns 69,454 shares of the company’s stock, valued at approximately $6,780,794.02. This trade represents a 22.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 sale, the vice president now directly owns 64,448 shares of the company’s stock, valued at approximately $5,891,191.68. This trade represents a 48.21 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.

NRG Energy Trading Down 2.4 %

Shares of NRG Energy stock opened at $103.39 on Tuesday. The firm has a market cap of $20.94 billion, a PE ratio of 25.98, a P/E/G ratio of 1.01 and a beta of 1.15. 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 fifty-two week low of $51.58 and a fifty-two week high of $115.38. The business’s fifty day moving average is $100.77 and its two-hundred day moving average is $93.08.

NRG Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.70%. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, February 3rd. NRG Energy’s dividend payout ratio (DPR) is presently 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.