Byrne Asset Management LLC Has $1.26 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Byrne Asset Management LLC increased its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 15.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 13,975 shares of the utilities provider’s stock after purchasing an additional 1,818 shares during the period. Byrne Asset Management LLC’s holdings in NRG Energy were worth $1,261,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of NRG. Assenagon Asset Management S.A. increased its holdings in shares of 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 purchasing an additional 1,417,057 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of NRG Energy by 32,962.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider’s stock worth $95,901,000 after buying an additional 1,049,521 shares during the period. Bridgewater Associates LP grew its stake in NRG Energy by 352.9% in the 3rd quarter. Bridgewater Associates LP now owns 804,801 shares of the utilities provider’s stock valued at $73,317,000 after buying an additional 627,121 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position 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 acquiring an additional 456,573 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of NRG Energy by 109.2% during the third quarter. Assetmark Inc. now owns 746,994 shares of the utilities provider’s stock worth $68,051,000 after acquiring an additional 389,997 shares during the period. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Trading Down 0.3 %

Shares of NRG Energy stock opened at $102.96 on Friday. The firm’s 50-day moving average price is $98.59 and its two-hundred day moving average price is $90.22. The company has a market capitalization of $20.86 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 1.22 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 12-month low of $51.26 and a 12-month high of $115.38.

NRG Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.71%. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, February 3rd. NRG Energy’s dividend payout ratio (DPR) is 44.22%.

Insiders Place Their Bets

In other 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 transaction, the chief financial officer now owns 69,454 shares of the company’s stock, valued at approximately $6,780,794.02. This represents a 22.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of NRG Energy 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 sale, the vice president now directly owns 64,448 shares in the company, valued at $5,891,191.68. This trade represents a 48.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on NRG shares. Evercore ISI upgraded NRG Energy from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. Wells Fargo & Company lifted their target price on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. 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 research note on Thursday, October 31st. BMO Capital Markets lifted their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 19th. Finally, Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $111.43.

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.