Ensign Peak Advisors Inc Sells 34,932 Shares of NRG Energy, Inc. (NYSE:NRG)

Ensign Peak Advisors Inc lowered its position in shares of NRG Energy, Inc. (NYSE:NRG) by 18.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 154,415 shares of the utilities provider’s stock after selling 34,932 shares during the quarter. Ensign Peak Advisors Inc’s holdings in NRG Energy were worth $13,931,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in shares of NRG Energy by 17.7% during the third quarter. Principal Financial Group Inc. now owns 458,811 shares of the utilities provider’s stock valued at $41,800,000 after purchasing an additional 69,047 shares in the last quarter. Czech National Bank raised its position in NRG Energy by 4.5% in the 4th quarter. Czech National Bank now owns 43,921 shares of the utilities provider’s stock worth $3,963,000 after buying an additional 1,880 shares during the last quarter. Wedmont Private Capital bought a new position in NRG Energy during the 4th quarter valued at about $224,000. Cooper Financial Group boosted its holdings in shares of NRG Energy by 8.8% during the 4th quarter. Cooper Financial Group now owns 6,947 shares of the utilities provider’s stock valued at $627,000 after acquiring an additional 559 shares during the last quarter. Finally, Wright Investors Service Inc. grew its stake in shares of NRG Energy by 9.8% in the fourth quarter. Wright Investors Service Inc. now owns 32,231 shares of the utilities provider’s stock worth $2,908,000 after acquiring an additional 2,885 shares during the period. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NRG has been the topic of a number of research analyst reports. StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. BMO Capital Markets increased their price target on NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a report on Monday, March 3rd. Morgan Stanley raised their price target on NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. The Goldman Sachs Group started coverage on NRG Energy in a report on Friday, April 4th. They issued a “buy” rating and a $129.00 target price on the stock. Finally, Guggenheim upped their price target 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. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $126.38.

NRG Energy Stock Performance

NYSE:NRG opened at $119.25 on Monday. The stock has a 50-day simple moving average of $99.45 and a two-hundred day simple moving average of $98.83. 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 $65.11 and a 52-week high of $124.67. The firm has a market capitalization of $24.29 billion, a PE ratio of 29.96, a P/E/G ratio of 1.01 and a beta of 1.00.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors 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 (DPR) is presently 35.92%.

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.