Nomura Asset Management Co. Ltd. Boosts Position in NRG Energy, Inc. (NYSE:NRG)

Nomura Asset Management Co. Ltd. raised its stake in NRG Energy, Inc. (NYSE:NRG) by 1.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 62,822 shares of the utilities provider’s stock after acquiring an additional 739 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in NRG Energy were worth $5,723,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NRG. Ashton Thomas Securities LLC acquired a new stake in shares of NRG Energy in the 3rd quarter valued at about $26,000. Covestor Ltd grew its position in shares of NRG Energy by 74.7% during the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 139 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of NRG Energy in the 2nd quarter valued at $32,000. First Horizon Advisors Inc. raised its position in NRG Energy by 76.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 191 shares during the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new stake in NRG Energy during the 3rd quarter worth $35,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

NRG has been the subject of a number of research reports. Guggenheim upped their target price on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Wells Fargo & Company lifted their target price on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. BMO Capital Markets lifted their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and upped their price objective for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. Finally, StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $102.71.

NRG Energy Trading Down 0.2 %

Shares of NRG Energy stock opened at $94.98 on Friday. The company has a 50-day moving average of $92.91 and a two-hundred day moving average of $84.73. NRG Energy, Inc. has a 12-month low of $47.88 and a 12-month high of $103.14. 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 stock has a market cap of $19.24 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 1.30 and a beta of 1.12.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.4075 per share. The ex-dividend date was Friday, November 1st. This represents a $1.63 annualized dividend and a yield of 1.72%. NRG Energy’s dividend payout ratio is presently 40.95%.

About NRG Energy

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.