Baird Financial Group Inc. Has $3.59 Million Position in NRG Energy, Inc. (NYSE:NRG)

Baird Financial Group Inc. boosted its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,758 shares of the utilities provider’s stock after acquiring an additional 506 shares during the quarter. Baird Financial Group Inc.’s holdings in NRG Energy were worth $3,587,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in shares of NRG Energy during the fourth quarter valued at about $32,000. UMB Bank n.a. grew its position in NRG Energy by 100.4% during the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 228 shares during the last quarter. Mizuho Bank Ltd. purchased a new stake in shares of NRG Energy during the fourth quarter valued at approximately $41,000. Princeton Global Asset Management LLC grew its holdings in shares of NRG Energy by 414.9% in the fourth 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. Finally, Larson Financial Group LLC increased its stake in shares of NRG Energy by 221.0% in the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider’s stock worth $45,000 after buying an additional 347 shares during the period. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Price Performance

Shares of NRG stock opened at $119.25 on Friday. The business’s fifty day moving average is $99.45 and its 200 day moving average is $98.76. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The stock has a market cap of $24.29 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 1.01 and a beta of 1.00. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $120.92.

NRG Energy Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of NRG Energy in a research report on Friday, April 4th. They set a “buy” rating and a $129.00 price target for the company. Guggenheim raised their target price on NRG Energy from $134.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. StockNews.com lowered NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Morgan Stanley lifted their price objective on NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Finally, BMO Capital Markets upped their target price on NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $126.38.

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.