2 weeks Ago By ABMN Staff
Townsquare Capital LLC lifted its stake in shares of NRG Energy, Inc. ( NYSE:NRG – Free Report ) by 97.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The fund owned 5,233 shares of the utilities provider’s stock after buying an additional 2,582 shares during the quarter. Townsquare Capital LLC’s holdings in NRG Energy were worth $472,000 at the end of the most recent reporting period. Other large investors have also modified their holdings of the company.
SBI Securities Co. Ltd. purchased a new stake in NRG Energy in the fourth quarter valued at $32,000.
Mizuho Bank Ltd. acquired a new stake in shares of NRG Energy during the fourth quarter worth about $41,000. UMB Bank n.
a. lifted its holdings in shares of NRG Energy by 100.4% in the 4th quarter.
UMB Bank n.a. now owns 455 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 228 shares during the last quarter.
Princeton Global Asset Management LLC boosted its position in shares of NRG Energy by 414.9% in the 4th quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 390 shares during the period.
Finally, Larson Financial Group LLC grew its stake in NRG Energy by 221.0% during the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider’s stock worth $45,000 after buying an additional 347 shares during the last quarter.
Institutional investors and hedge funds own 97.72% of the company’s stock. Wall Street Analysts Forecast Growth Several research firms have recently weighed in on NRG.
Wells Fargo & Company increased their price objective on NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, February 27th.
StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and upped their target price for the company from $74.
00 to $126.00 in a report on Tuesday, January 21st. The Goldman Sachs Group initiated coverage on NRG Energy in a report on Friday, April 4th.
They set a “buy” rating and a $129.00 price target on the stock. Finally, BMO Capital Markets upped their price objective 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. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock.
According to MarketBeat.com, NRG Energy presently has an average rating of “Moderate Buy” and an average price target of $124.00.
NRG Energy Price Performance Shares of NYSE:NRG opened at $97.84 on Monday. The company has a quick ratio of 1.
10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57.
The company has a 50-day moving average price of $98.18 and a 200 day moving average price of $96.60.
NRG Energy, Inc. has a 52 week low of $65.11 and a 52 week high of $117.
26. The company has a market cap of $19.93 billion, a P/E ratio of 24.
58, a PEG ratio of 1.01 and a beta of 1.10.
NRG Energy Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.44 dividend.
The ex-dividend date is Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.
80%. NRG Energy’s dividend payout ratio (DPR) is presently 35.92%.
About NRG Energy ( Free Report ) 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.
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