iA Global Asset Management Inc. Has $1.81 Million Holdings in NRG Energy, Inc. (NYSE:NRG)

iA Global Asset Management Inc. cut its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 6.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,070 shares of the utilities provider’s stock after selling 1,353 shares during the period. iA Global Asset Management Inc.’s holdings in NRG Energy were worth $1,811,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas grew its position in NRG Energy by 350.4% during the fourth quarter. Teacher Retirement System of Texas now owns 904,265 shares of the utilities provider’s stock valued at $81,583,000 after purchasing an additional 703,481 shares in the last quarter. Royal London Asset Management Ltd. grew its position in NRG Energy by 1.2% during the fourth quarter. Royal London Asset Management Ltd. now owns 89,250 shares of the utilities provider’s stock valued at $8,052,000 after purchasing an additional 1,070 shares in the last quarter. Vinva Investment Management Ltd grew its position in NRG Energy by 18.3% during the fourth quarter. Vinva Investment Management Ltd now owns 53,603 shares of the utilities provider’s stock valued at $4,940,000 after purchasing an additional 8,303 shares in the last quarter. Xponance Inc. grew its position in NRG Energy by 2.9% during the fourth quarter. Xponance Inc. now owns 50,218 shares of the utilities provider’s stock valued at $4,531,000 after purchasing an additional 1,409 shares in the last quarter. Finally, Boston Partners purchased a new position in NRG Energy during the fourth quarter valued at approximately $94,346,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on NRG. Morgan Stanley boosted their target price on shares of NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and boosted their target price for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. Evercore ISI raised shares of 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. StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Finally, 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.29.

Insider Buying and Selling

In related news, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction 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 directly owns 69,454 shares in the company, valued at $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 this link. Also, VP Robert J. Gaudette sold 60,000 shares of the company’s stock in a transaction 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 owns 64,448 shares of the company’s stock, valued at approximately $5,891,191.68. The trade was 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 owned by insiders.

NRG Energy Price Performance

NYSE NRG opened at $100.63 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The company has a fifty day simple moving average of $102.12 and a 200 day simple moving average of $94.86. The company has a market cap of $20.49 billion, a P/E ratio of 25.28, a P/E/G ratio of 1.01 and a beta of 1.13. NRG Energy, Inc. has a 1 year low of $65.11 and a 1 year high of $117.26.

NRG Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.44 per share. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Monday, February 3rd. NRG Energy’s dividend payout ratio is currently 35.92%.

NRG Energy Company 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.