Dorsey Wright & Associates Decreases Holdings in NRG Energy, Inc. (NYSE:NRG)

Dorsey Wright & Associates reduced its position in NRG Energy, Inc. (NYSE:NRG) by 0.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,708 shares of the utilities provider’s stock after selling 246 shares during the period. NRG Energy comprises 1.3% of Dorsey Wright & Associates’ investment portfolio, making the stock its 21st biggest position. Dorsey Wright & Associates’ holdings in NRG Energy were worth $5,567,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NRG. Schroder Investment Management Group boosted its position in shares of NRG Energy by 34.2% in the 4th quarter. Schroder Investment Management Group now owns 684,373 shares of the utilities provider’s stock worth $63,065,000 after buying an additional 174,544 shares in the last quarter. L & S Advisors Inc acquired a new position in shares of NRG Energy during the 4th quarter worth approximately $3,139,000. Allstate Corp purchased a new stake in NRG Energy in the 4th quarter valued at approximately $546,000. Pictet Asset Management Holding SA grew its holdings in NRG Energy by 8.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 135,433 shares of the utilities provider’s stock valued at $12,219,000 after buying an additional 10,866 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in NRG Energy by 0.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 63,319 shares of the utilities provider’s stock worth $5,713,000 after buying an additional 497 shares in the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Stock Down 0.7 %

Shares of NRG opened at $95.05 on Friday. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $117.26. The company’s fifty day moving average is $101.75 and its two-hundred day moving average is $95.69. The firm has a market cap of $19.36 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Monday, February 3rd. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s payout ratio is 35.92%.

Insiders Place Their Bets

In other NRG Energy news, 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 transaction, the vice president now directly owns 64,448 shares of the company’s stock, valued at $5,891,191.68. The trade was a 48.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the completion of the sale, the chief financial officer now directly owns 69,454 shares of the company’s stock, valued at $6,780,794.02. The trade was a 22.36 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Morgan Stanley increased their price objective on NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. 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 research note on Monday, March 3rd. Guggenheim boosted their price objective 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. Wells Fargo & Company raised their target price on shares of NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Finally, Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, NRG Energy has an average rating of “Moderate Buy” and a consensus price target of $123.29.

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.