State of Alaska Department of Revenue Has $2.08 Million Holdings in NRG Energy, Inc. (NYSE:NRG)

State of Alaska Department of Revenue lessened its stake in NRG Energy, Inc. (NYSE:NRG) by 3.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 23,098 shares of the utilities provider’s stock after selling 880 shares during the quarter. State of Alaska Department of Revenue’s holdings in NRG Energy were worth $2,083,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In related news, VP Robert J. Gaudette sold 60,000 shares of the firm’s stock in a transaction on 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 owns 64,448 shares in the company, valued at approximately $5,891,191.68. This trade represents a 48.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bruce Chung sold 20,000 shares of the firm’s stock in a transaction on 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. The trade was a 22.36 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.

NRG Energy Stock Up 2.2 %

Shares of NYSE NRG opened at $105.24 on Tuesday. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. NRG Energy, Inc. has a 52 week low of $51.26 and a 52 week high of $115.38. The stock has a market capitalization of $21.32 billion, a P/E ratio of 26.44, a PEG ratio of 1.22 and a beta of 1.15. The stock’s fifty day moving average is $98.70 and its 200 day moving average is $90.66.

NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a $0.44 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.67%. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s dividend payout ratio (DPR) is presently 44.22%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on NRG shares. BMO Capital Markets raised their price target on NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a report on Tuesday, November 19th. Wells Fargo & Company raised their price target on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Citigroup raised their price target on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and raised their price target for the company from $93.00 to $113.00 in a report on Tuesday, November 26th. Finally, Evercore ISI raised NRG Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $111.43.

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.