Cadence Capital Management LLC acquired a new stake in NRG Energy Inc (NYSE:NRG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,047 shares of the utilities provider’s stock, valued at approximately $1,254,000.
Several other institutional investors have also recently made changes to their positions in the company. Invictus RG acquired a new stake in shares of NRG Energy during the third quarter worth $110,000. Parametrica Management Ltd acquired a new stake in shares of NRG Energy during the fourth quarter worth $205,000. Parkwood LLC acquired a new stake in shares of NRG Energy during the third quarter worth $205,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of NRG Energy during the third quarter worth $211,000. Finally, Fieldpoint Private Securities LLC raised its position in shares of NRG Energy by 29.3% during the third quarter. Fieldpoint Private Securities LLC now owns 8,407 shares of the utilities provider’s stock worth $215,000 after purchasing an additional 1,907 shares during the period. Institutional investors and hedge funds own 97.31% of the company’s stock.
Shares of NRG Energy Inc (NRG) traded down $0.04 during midday trading on Monday, reaching $25.22. The company’s stock had a trading volume of 2,938,900 shares, compared to its average volume of 6,302,342. The company has a quick ratio of 1.11, a current ratio of 1.28 and a debt-to-equity ratio of 4.24. NRG Energy Inc has a 1 year low of $14.52 and a 1 year high of $29.78. The stock has a market capitalization of $7,990.00, a P/E ratio of -10.01 and a beta of 1.14.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $0.12 dividend on an annualized basis and a yield of 0.48%. NRG Energy’s dividend payout ratio (DPR) is currently -4.76%.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research lowered NRG Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 3rd. ValuEngine lowered NRG Energy from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Bank of America started coverage on NRG Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $31.00 price target on the stock. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $24.67.
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NRG Energy Profile
NRG Energy, Inc (NRG) is an integrated power company. The Company is engaged in producing, selling and delivering electricity and related products and services in various markets in the United States. The Company’s segments include Generation, Retail, Renewables, NRG Yield, Inc (NRG Yield) and Corporate activities.
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