Massachusetts Financial Services Co. MA Takes Position in NRG Energy, Inc. (NYSE:NRG)

Massachusetts Financial Services Co. MA acquired a new stake in shares of NRG Energy, Inc. (NYSE:NRGFree Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 41,150 shares of the utilities provider’s stock, valued at approximately $1,585,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NRG. Coppell Advisory Solutions Corp. purchased a new stake in shares of NRG Energy during the fourth quarter worth about $25,000. Coppell Advisory Solutions LLC purchased a new stake in NRG Energy in the 2nd quarter worth approximately $37,000. Authentikos Wealth Advisory LLC acquired a new position in NRG Energy in the 3rd quarter valued at $41,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of NRG Energy by 4,030.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,239 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 1,209 shares during the period. Finally, Industrial Alliance Investment Management Inc. boosted its holdings in shares of NRG Energy by 362.5% during the fourth quarter. Industrial Alliance Investment Management Inc. now owns 1,355 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 1,062 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Wells Fargo & Company assumed coverage on NRG Energy in a research report on Tuesday, January 23rd. They set an “overweight” rating and a $65.00 target price on the stock. BMO Capital Markets boosted their target price on shares of NRG Energy from $46.00 to $49.00 and gave the company a “market perform” rating in a report on Tuesday, November 21st. TheStreet raised shares of NRG Energy from a “c+” rating to a “b” rating in a research note on Friday, December 29th. StockNews.com cut shares of NRG Energy from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. Finally, UBS Group raised NRG Energy from a “sell” rating to a “neutral” rating and increased their target price for the stock from $33.00 to $46.00 in a research report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $49.50.

Check Out Our Latest Research Report on NRG

NRG Energy Stock Performance

NYSE:NRG opened at $51.76 on Tuesday. The firm’s fifty day simple moving average is $51.21 and its 200 day simple moving average is $44.43. The company has a current ratio of 1.06, a quick ratio of 0.99 and a debt-to-equity ratio of 3.75. NRG Energy, Inc. has a twelve month low of $30.25 and a twelve month high of $55.36. The firm has a market capitalization of $11.69 billion, a price-to-earnings ratio of -6.70, a PEG ratio of 0.61 and a beta of 1.11.

NRG Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be issued a dividend of $0.4075 per share. This is an increase from NRG Energy’s previous quarterly dividend of $0.38. This represents a $1.63 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Wednesday, January 31st. NRG Energy’s dividend payout ratio (DPR) is presently -21.11%.

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.

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

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