Legal & General Group Plc Has $86.03 Million Stock Position in NRG Energy, Inc. (NYSE:NRG)

Legal & General Group Plc cut its holdings in NRG Energy, Inc. (NYSE:NRG) by 33.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 953,587 shares of the utilities provider’s stock after selling 471,460 shares during the period. Legal & General Group Plc owned approximately 0.47% of NRG Energy worth $86,033,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of NRG Energy during the 4th quarter valued at $32,000. Mizuho Bank Ltd. bought a new stake in NRG Energy during the fourth quarter worth about $41,000. UMB Bank n.a. grew its stake in NRG Energy by 100.4% during the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock worth $41,000 after buying an additional 228 shares in the last quarter. Princeton Global Asset Management LLC increased its holdings 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 buying an additional 390 shares during the period. Finally, Larson Financial Group LLC raised its position in shares of NRG Energy by 221.0% in the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider’s stock valued at $45,000 after buying an additional 347 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

NRG Energy Stock Performance

NYSE:NRG opened at $94.44 on Friday. The stock’s 50-day moving average is $98.83 and its 200-day moving average is $96.38. NRG Energy, Inc. has a 1-year low of $65.11 and a 1-year high of $117.26. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The stock has a market cap of $19.23 billion, a P/E ratio of 23.73, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Thursday, May 1st. NRG Energy’s dividend payout ratio (DPR) is currently 35.92%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NRG shares. Evercore ISI upgraded shares of NRG Energy from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Guggenheim lifted their price target on NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. BMO Capital Markets upped their price objective on NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a research report on Monday, March 3rd. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Finally, The Goldman Sachs Group initiated coverage on shares of NRG Energy in a report on Friday, April 4th. They issued a “buy” rating and a $129.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $124.00.

Insider Activity

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now owns 69,454 shares in the company, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.61% of the company’s stock.

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.