NRG Energy, Inc. (NYSE:NRG) Shares Purchased by MGO One Seven LLC

MGO One Seven LLC increased its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 55.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,892 shares of the utilities provider’s stock after purchasing an additional 2,110 shares during the period. MGO One Seven LLC’s holdings in NRG Energy were worth $532,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. McIlrath & Eck LLC boosted its stake in NRG Energy by 4.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider’s stock worth $240,000 after purchasing an additional 113 shares during the period. Schechter Investment Advisors LLC lifted its stake in shares of NRG Energy by 0.8% in the 4th quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider’s stock worth $1,436,000 after acquiring an additional 120 shares during the period. Mather Group LLC. lifted its stake in shares of NRG Energy by 18.4% in the 4th quarter. Mather Group LLC. now owns 803 shares of the utilities provider’s stock worth $72,000 after acquiring an additional 125 shares during the period. Grove Bank & Trust lifted its stake in shares of NRG Energy by 29.7% in the 4th quarter. Grove Bank & Trust now owns 564 shares of the utilities provider’s stock worth $51,000 after acquiring an additional 129 shares during the period. Finally, Hanseatic Management Services Inc. lifted its stake in shares of NRG Energy by 12.0% in the 4th quarter. Hanseatic Management Services Inc. now owns 1,244 shares of the utilities provider’s stock worth $112,000 after acquiring an additional 133 shares during the period. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Stock Performance

NYSE:NRG opened at $108.36 on Monday. 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 firm has a 50-day moving average price of $97.63 and a two-hundred day moving average price of $96.94. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $117.26. The company has a market capitalization of $22.07 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10.

NRG Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.76 annualized dividend and a yield of 1.62%. NRG Energy’s dividend payout ratio (DPR) is currently 35.92%.

Analysts Set New Price Targets

NRG has been the subject of several recent analyst reports. Guggenheim raised their target price on shares of NRG Energy from $134.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Morgan Stanley raised 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 note on Wednesday, February 19th. BMO Capital Markets raised 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 note on Monday, March 3rd. StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Finally, The Goldman Sachs Group initiated coverage on shares of NRG Energy in a research note on Friday, April 4th. They issued a “buy” rating and a $129.00 price objective for the company. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $124.00.

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.