Y Intercept Hong Kong Ltd Buys 9,777 Shares of NRG Energy, Inc. (NYSE:NRG)

Y Intercept Hong Kong Ltd increased its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 65.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,731 shares of the utilities provider’s stock after buying an additional 9,777 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in NRG Energy were worth $2,231,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Union Bancaire Privee UBP SA purchased a new position in NRG Energy in the fourth quarter worth $545,000. Navellier & Associates Inc. boosted its position in NRG Energy by 5.0% in the fourth quarter. Navellier & Associates Inc. now owns 24,009 shares of the utilities provider’s stock worth $2,166,000 after purchasing an additional 1,141 shares during the last quarter. Paradigm Asset Management Co. LLC purchased a new position in NRG Energy in the fourth quarter worth $108,000. Allianz Asset Management GmbH boosted its position in NRG Energy by 2.7% in the fourth quarter. Allianz Asset Management GmbH now owns 290,378 shares of the utilities provider’s stock worth $26,198,000 after purchasing an additional 7,630 shares during the last quarter. Finally, Legacy Capital Group California Inc. boosted its position in NRG Energy by 9.0% in the fourth quarter. Legacy Capital Group California Inc. now owns 3,300 shares of the utilities provider’s stock worth $298,000 after purchasing an additional 273 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Down 2.4 %

Shares of NYSE NRG opened at $103.39 on Tuesday. The business’s fifty day moving average price is $100.77 and its 200-day moving average price is $93.08. The stock has a market capitalization of $20.94 billion, a PE ratio of 25.98, a P/E/G ratio of 1.01 and a beta of 1.15. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. NRG Energy, Inc. has a one year low of $51.58 and a one year high of $115.38.

NRG Energy Increases Dividend

The business 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 a boost from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.70%. NRG Energy’s dividend payout ratio is 44.22%.

Analyst Ratings Changes

Several research analysts have weighed in on NRG shares. Citigroup boosted their price objective on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Morgan Stanley boosted their price objective on NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Wells Fargo & Company upped their price target on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. BMO Capital Markets upped their price target on NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. Finally, Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and upped their price target for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $113.71.

Insider Buying and Selling

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total value of $5,484,600.00. Following the transaction, the vice president now directly owns 64,448 shares in the company, valued at $5,891,191.68. This represents a 48.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $97.63, for a total value 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 $6,780,794.02. This represents a 22.36 % 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 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.