Elo Mutual Pension Insurance Co Acquires 2,845 Shares of NRG Energy, Inc. (NYSE:NRG)

Elo Mutual Pension Insurance Co raised its holdings in NRG Energy, Inc. (NYSE:NRG) by 15.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,363 shares of the utilities provider’s stock after purchasing an additional 2,845 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in NRG Energy were worth $1,927,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. SBI Securities Co. Ltd. bought a new position in shares of NRG Energy in the fourth quarter valued at about $32,000. UMB Bank n.a. increased its position in NRG Energy by 100.4% in the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 228 shares in the last quarter. Princeton Global Asset Management LLC raised its stake in shares of NRG Energy by 414.9% in the fourth quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 390 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of 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 in the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of NRG Energy during the third quarter valued at approximately $46,000. Institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Down 0.7 %

NYSE:NRG opened at $95.05 on Friday. 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, Inc. has a 12-month low of $65.11 and a 12-month high of $117.26. The stock’s fifty day simple moving average is $101.75 and its 200-day simple moving average is $95.69. The firm has a market capitalization of $19.36 billion, a P/E ratio of 23.88, a P/E/G ratio of 1.01 and a beta of 1.13.

NRG Energy Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Evercore ISI upgraded NRG Energy from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Morgan Stanley upped their price target 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 lifted 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. Finally, 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. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NRG Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.29.

Insider Activity

In related news, CFO Bruce Chung sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert J. Gaudette sold 60,000 shares of the company’s 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 completion of the sale, 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 position. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by company insiders.

NRG Energy 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.