First Trust Advisors LP increased its holdings in shares of NRG Energy Inc (NYSE:NRG) by 891.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 770,285 shares of the utilities provider’s stock after buying an additional 692,630 shares during the period. First Trust Advisors LP’s holdings in NRG Energy were worth $21,938,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NuWave Investment Management LLC acquired a new stake in NRG Energy during the fourth quarter worth about $116,000. Invictus RG acquired a new stake in NRG Energy during the third quarter worth about $110,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in NRG Energy by 54.7% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,076 shares of the utilities provider’s stock worth $175,000 after acquiring an additional 2,148 shares during the period. Parametrica Management Ltd acquired a new stake in NRG Energy during the fourth quarter worth about $205,000. Finally, Cetera Advisor Networks LLC acquired a new stake in NRG Energy during the fourth quarter worth about $223,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.
Several equities research analysts have commented on NRG shares. Zacks Investment Research lowered shares of NRG Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 3rd. ValuEngine lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, UBS Group started coverage on shares of NRG Energy in a research note on Friday. They issued a “buy” rating and a $33.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $26.88.
Shares of NRG Energy Inc (NYSE:NRG) opened at $26.42 on Friday. NRG Energy Inc has a 12 month low of $14.52 and a 12 month high of $29.78. The company has a market cap of $8,365.68, a P/E ratio of 19.57 and a beta of 1.15. The company has a quick ratio of 1.11, a current ratio of 1.28 and a debt-to-equity ratio of 4.24.
The company also recently declared 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 was Wednesday, January 31st. This represents a $0.12 annualized dividend and a dividend yield of 0.45%. NRG Energy’s payout ratio is currently -2.35%.
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About NRG Energy
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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