Amalgamated Bank Acquires 6,567 Shares of NRG Energy, Inc. (NYSE:NRG)

Amalgamated Bank boosted its position in shares of NRG Energy, Inc. (NYSE:NRGFree Report) by 9.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,103 shares of the utilities provider’s stock after purchasing an additional 6,567 shares during the period. Amalgamated Bank’s holdings in NRG Energy were worth $3,009,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NRG. Charles Schwab Investment Management Inc. boosted its holdings in shares of NRG Energy by 145.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,746,180 shares of the utilities provider’s stock valued at $182,064,000 after buying an additional 2,812,434 shares in the last quarter. Natixis acquired a new position in shares of NRG Energy in the 2nd quarter valued at $59,850,000. Brandywine Global Investment Management LLC acquired a new position in shares of NRG Energy in the 1st quarter valued at $49,072,000. Hudson Bay Capital Management LP boosted its holdings in shares of NRG Energy by 326.7% in the 1st quarter. Hudson Bay Capital Management LP now owns 1,600,000 shares of the utilities provider’s stock valued at $54,864,000 after buying an additional 1,225,000 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of NRG Energy by 25.7% in the 2nd quarter. Barclays PLC now owns 4,356,780 shares of the utilities provider’s stock valued at $162,899,000 after buying an additional 891,443 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Trading Up 0.0 %

Shares of NRG Energy stock opened at $52.37 on Friday. The firm has a fifty day moving average of $51.13 and a two-hundred day moving average of $44.29. The company has a debt-to-equity ratio of 3.75, a quick ratio of 0.99 and a current ratio of 1.06. NRG Energy, Inc. has a one year low of $30.25 and a one year high of $55.36.

NRG Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be issued a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Wednesday, January 31st. This is an increase from NRG Energy’s previous quarterly dividend of $0.38. NRG Energy’s dividend payout ratio (DPR) is currently -21.11%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. BMO Capital Markets upped their price target on shares of NRG Energy from $46.00 to $49.00 and gave the company a “market perform” rating in a research report on Tuesday, November 21st. StockNews.com downgraded shares of NRG Energy from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. TheStreet upgraded shares of NRG Energy from a “c+” rating to a “b” rating in a research report on Friday, December 29th. Wells Fargo & Company assumed coverage on shares of NRG Energy in a research report on Tuesday, January 23rd. They issued an “overweight” rating and a $65.00 price target for the company. Finally, Guggenheim upgraded shares of NRG Energy from a “neutral” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, NRG Energy currently has a consensus rating of “Hold” and an average target price of $49.50.

Check Out Our Latest Analysis on NRG Energy

NRG Energy Company Profile

(Free Report)

NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. It operates through Texas, East, and West segments. The company is involved in producing and selling electricity and related products and services to approximately residential, commercial, industrial, and wholesale customers.

See Also

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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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