Scalar Gauge Management LLC Raises Stock Position in NRG Energy, Inc. (NYSE:NRG)

Scalar Gauge Management LLC grew its holdings in NRG Energy, Inc. (NYSE:NRG) by 17.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,800 shares of the utilities provider’s stock after acquiring an additional 15,800 shares during the period. NRG Energy accounts for approximately 4.5% of Scalar Gauge Management LLC’s holdings, making the stock its 10th largest position. Scalar Gauge Management LLC owned about 0.05% of NRG Energy worth $9,816,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. M&T Bank Corp grew its holdings in NRG Energy by 0.3% during the third quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider’s stock valued at $3,481,000 after purchasing an additional 113 shares during the last quarter. McIlrath & Eck LLC grew its stake in NRG Energy by 4.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider’s stock valued at $240,000 after buying an additional 113 shares during the last quarter. Schechter Investment Advisors LLC raised its holdings in NRG Energy by 0.8% in the 4th quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider’s stock worth $1,436,000 after acquiring an additional 120 shares during the period. Mather Group LLC. boosted its holdings in NRG Energy by 18.4% during the fourth quarter. Mather Group LLC. now owns 803 shares of the utilities provider’s stock valued at $72,000 after acquiring an additional 125 shares during the period. Finally, Grove Bank & Trust grew its position in shares of NRG Energy by 29.7% in the fourth quarter. Grove Bank & Trust now owns 564 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 129 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insider Transactions at NRG Energy

In other news, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $97.63, for a total value of $1,952,600.00. Following the sale, the chief financial officer now owns 69,454 shares of the company’s stock, valued at approximately $6,780,794.02. This represents a 22.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of NRG Energy stock in a transaction dated 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. This represents a 48.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by insiders.

NRG Energy Price Performance

Shares of NRG Energy stock opened at $95.05 on Monday. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $117.26. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The firm has a market cap of $19.36 billion, a P/E ratio of 23.88, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. The firm’s 50-day simple moving average is $101.75 and its 200-day simple moving average is $95.80.

NRG Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a $0.44 dividend. 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 dividend payout ratio is currently 35.92%.

Analyst Ratings Changes

Several research firms recently weighed in on NRG. Wells Fargo & Company boosted their price objective on NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. 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 report on Wednesday, February 19th. BMO Capital Markets boosted their target price on shares of NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a research report on Monday, March 3rd. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and increased their price target for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. Finally, Guggenheim boosted their price objective on shares of NRG Energy from $134.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.