Catalyst Funds Management Pty Ltd Buys 1,500 Shares of NRG Energy, Inc. (NYSE:NRG)

Catalyst Funds Management Pty Ltd increased its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 83.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,300 shares of the utilities provider’s stock after purchasing an additional 1,500 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in NRG Energy were worth $298,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NRG. Covestor Ltd boosted its position in NRG Energy by 74.7% in the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after buying an additional 139 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of NRG Energy during the fourth quarter valued at $32,000. UMB Bank n.a. boosted its holdings in NRG Energy by 100.4% in the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 228 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in NRG Energy in the third quarter worth about $43,000. Finally, Princeton Global Asset Management LLC raised its holdings in NRG Energy by 414.9% during the 4th quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 390 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Trading Up 4.9 %

NYSE NRG opened at $95.38 on Friday. 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 stock’s 50-day moving average is $102.17 and its 200-day moving average is $94.43. NRG Energy, Inc. has a one year low of $63.84 and a one year high of $117.26. The firm has a market cap of $19.43 billion, a P/E ratio of 23.97, a P/E/G ratio of 1.01 and a beta of 1.13.

NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s dividend payout ratio is 35.92%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NRG. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and raised their target price for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. Evercore ISI raised NRG Energy from an “in-line” rating to an “outperform” rating and increased their price target for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Wells Fargo & Company upped 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. Finally, Guggenheim raised their target price on NRG Energy from $134.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, NRG Energy currently has a consensus rating of “Moderate Buy” and an average target price of $123.29.

Insider Transactions at NRG Energy

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction dated 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 sale, the chief financial officer now owns 69,454 shares of the company’s stock, valued at $6,780,794.02. This trade represents a 22.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Robert J. Gaudette sold 60,000 shares of NRG Energy 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 sale, the vice president now owns 64,448 shares in the company, valued at $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.

NRG Energy Company 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.