Schonfeld Strategic Advisors LLC Sells 3,134 Shares of NRG Energy, Inc. (NYSE:NRG)

Schonfeld Strategic Advisors LLC lowered its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 22.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,956 shares of the utilities provider’s stock after selling 3,134 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in NRG Energy were worth $988,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new position in shares of NRG Energy during the 4th quarter valued at about $32,000. UMB Bank n.a. lifted its stake 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. Mizuho Bank Ltd. purchased a new position in shares of NRG Energy in the 4th quarter worth approximately $41,000. Princeton Global Asset Management LLC increased its position in shares of NRG Energy by 414.9% during 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 last quarter. Finally, Larson Financial Group LLC raised its holdings in NRG Energy by 221.0% during the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider’s stock valued at $45,000 after buying an additional 347 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on NRG. Guggenheim boosted their price objective on shares of NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Morgan Stanley increased their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. BMO Capital Markets boosted their target price on NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a research report on Monday, March 3rd. Evercore ISI raised NRG Energy from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. Finally, The Goldman Sachs Group initiated coverage on NRG Energy in a research report on Friday, April 4th. They issued a “buy” rating and a $129.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.38.

NRG Energy Stock Performance

NRG stock opened at $118.81 on Thursday. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. NRG Energy, Inc. has a 1-year low of $65.11 and a 1-year high of $119.82. The business has a 50-day moving average price of $98.67 and a 200 day moving average price of $98.22. The company has a market capitalization of $24.20 billion, a P/E ratio of 29.85, a PEG ratio of 1.01 and a beta of 1.00.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.48%. NRG Energy’s dividend payout ratio is presently 35.92%.

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.