Aigen Investment Management LP Has $1.28 Million Stock Position in NRG Energy, Inc. (NYSE:NRG)

Aigen Investment Management LP grew its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 23.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 14,218 shares of the utilities provider’s stock after acquiring an additional 2,679 shares during the quarter. Aigen Investment Management LP’s holdings in NRG Energy were worth $1,283,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NRG. Assenagon Asset Management S.A. grew its position in shares of NRG Energy by 1,010.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider’s stock worth $140,504,000 after purchasing an additional 1,417,057 shares in the last quarter. Los Angeles Capital Management LLC grew its position in shares of NRG Energy by 32,962.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider’s stock worth $95,901,000 after purchasing an additional 1,049,521 shares in the last quarter. Bridgewater Associates LP grew its position in shares of NRG Energy by 352.9% during the 3rd quarter. Bridgewater Associates LP now owns 804,801 shares of the utilities provider’s stock worth $73,317,000 after purchasing an additional 627,121 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in shares of NRG Energy by 52.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,330,706 shares of the utilities provider’s stock worth $121,227,000 after purchasing an additional 456,573 shares in the last quarter. Finally, Assetmark Inc. grew its position in shares of NRG Energy by 109.2% during the 3rd quarter. Assetmark Inc. now owns 746,994 shares of the utilities provider’s stock worth $68,051,000 after purchasing an additional 389,997 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Price Performance

Shares of NYSE:NRG opened at $98.69 on Thursday. The company has a market cap of $19.55 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 1.01 and a beta of 1.13. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The firm has a 50 day simple moving average of $102.41 and a 200 day simple moving average of $94.04. NRG Energy, Inc. has a one year low of $59.50 and a one year high of $117.26.

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 paid a $0.44 dividend. This is an increase 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 annualized dividend and a yield of 1.78%. NRG Energy’s dividend payout ratio is presently 35.92%.

Insider Activity at NRG Energy

In related news, CFO Bruce Chung sold 20,000 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 69,454 shares of the company’s stock, valued at $6,780,794.02. This represents a 22.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction, the vice president now owns 64,448 shares of the company’s stock, valued at approximately $5,891,191.68. This trade 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 insiders.

Analyst Ratings Changes

NRG has been the topic of a number of analyst reports. Evercore ISI upgraded shares of NRG Energy from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. BMO Capital Markets upped their price target on shares of NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a report on Monday. StockNews.com raised shares of NRG Energy from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Finally, Guggenheim upped their price target 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. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.29.

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.