NRG Energy, Inc. (NYSE:NRG) Shares Acquired by Townsquare Capital LLC

Townsquare Capital LLC lifted its holdings in NRG Energy, Inc. (NYSE:NRG) by 97.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,233 shares of the utilities provider’s stock after purchasing an additional 2,582 shares during the period. Townsquare Capital LLC’s holdings in NRG Energy were worth $472,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in NRG. SBI Securities Co. Ltd. acquired a new position in NRG Energy during the fourth quarter worth about $32,000. UMB Bank n.a. boosted 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 during the last quarter. Mizuho Bank Ltd. acquired a new stake in shares of NRG Energy in the 4th quarter worth $41,000. Princeton Global Asset Management LLC boosted its position in shares of NRG Energy by 414.9% during the 4th quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 390 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in NRG Energy by 221.0% during the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 347 shares during the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Price Performance

NRG stock opened at $97.84 on Monday. The business’s 50-day moving average is $98.18 and its two-hundred day moving average is $96.60. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The firm has a market capitalization of $19.93 billion, a P/E ratio of 24.58, a P/E/G ratio of 1.01 and a beta of 1.10. NRG Energy, Inc. has a 1 year low of $65.11 and a 1 year high of $117.26.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.44 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.80%. NRG Energy’s dividend payout ratio is currently 35.92%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. BMO Capital Markets raised their price target on shares of NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a report on Monday, March 3rd. Wells Fargo & Company increased their price target on NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Guggenheim upped their target price on shares of NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Finally, Morgan Stanley lifted their target price on shares of NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $124.00.

NRG Energy Company 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.