UniSuper Management Pty Ltd Has $2.27 Million Stake in NRG Energy, Inc. (NYSE:NRG)

UniSuper Management Pty Ltd lifted its position in shares of NRG Energy, Inc. (NYSE:NRG) by 10.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 25,155 shares of the utilities provider’s stock after purchasing an additional 2,347 shares during the quarter. UniSuper Management Pty Ltd’s holdings in NRG Energy were worth $2,269,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Cerity Partners LLC raised its holdings in shares of NRG Energy by 21.9% in the third quarter. Cerity Partners LLC now owns 26,398 shares of the utilities provider’s stock valued at $2,405,000 after purchasing an additional 4,749 shares during the last quarter. Townsquare Capital LLC bought a new stake in NRG Energy during the 3rd quarter worth about $242,000. Public Sector Pension Investment Board boosted its stake in shares of NRG Energy by 2.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 36,165 shares of the utilities provider’s stock worth $3,295,000 after buying an additional 800 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of NRG Energy by 8.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,041,153 shares of the utilities provider’s stock valued at $94,849,000 after acquiring an additional 82,919 shares in the last quarter. Finally, Martingale Asset Management L P acquired a new stake in shares of NRG Energy in the third quarter valued at about $926,000. 97.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NRG has been the subject of a number of analyst reports. BMO Capital Markets raised their price target on NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a research note on Monday, March 3rd. Evercore ISI upgraded 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 report on Tuesday, January 21st. Wells Fargo & Company increased their price target on shares of NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Finally, Morgan Stanley raised their target price on shares of NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $123.29.

Insider Activity

In other news, CFO Bruce Chung sold 20,000 shares of the business’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 completion of the sale, the chief financial officer now owns 69,454 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. Also, VP Robert J. Gaudette sold 60,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was 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 in the company, valued at approximately $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 owned by company insiders.

NRG Energy Stock Performance

NYSE NRG opened at $95.05 on Monday. NRG Energy, Inc. has a 52-week low of $65.11 and a 52-week high of $117.26. The stock has a market cap of $19.36 billion, a PE ratio of 23.88, a P/E/G ratio of 1.01 and a beta of 1.13. The firm has a 50-day moving average of $101.75 and a 200-day moving average of $95.80. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17.

NRG Energy Increases Dividend

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

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.