AXQ Capital LP Raises Stake in NRG Energy, Inc. (NYSE:NRG)

AXQ Capital LP grew its position in NRG Energy, Inc. (NYSE:NRG) by 29.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,218 shares of the utilities provider’s stock after buying an additional 2,354 shares during the period. AXQ Capital LP’s holdings in NRG Energy were worth $922,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Mizuho Securities USA LLC raised its holdings in NRG Energy by 43.5% in the fourth quarter. Mizuho Securities USA LLC now owns 19,199 shares of the utilities provider’s stock worth $1,732,000 after buying an additional 5,816 shares during the last quarter. Lingohr Asset Management GmbH purchased a new position in NRG Energy in the fourth quarter worth about $430,000. Teacher Retirement System of Texas raised its holdings in NRG Energy by 350.4% in the fourth quarter. Teacher Retirement System of Texas now owns 904,265 shares of the utilities provider’s stock worth $81,583,000 after buying an additional 703,481 shares during the last quarter. Royal London Asset Management Ltd. raised its holdings in NRG Energy by 1.2% in the fourth quarter. Royal London Asset Management Ltd. now owns 89,250 shares of the utilities provider’s stock worth $8,052,000 after buying an additional 1,070 shares during the last quarter. Finally, Vinva Investment Management Ltd raised its holdings in NRG Energy by 18.3% in the fourth quarter. Vinva Investment Management Ltd now owns 53,603 shares of the utilities provider’s stock worth $4,940,000 after buying an additional 8,303 shares during the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Robert J. Gaudette sold 60,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total value of $5,484,600.00. Following the transaction, the vice president now owns 64,448 shares of the company’s stock, valued at approximately $5,891,191.68. The trade was a 48.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the completion of the transaction, the chief financial officer now directly owns 69,454 shares in the company, valued at $6,780,794.02. This trade represents a 22.36 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

NRG Energy Stock Performance

Shares of NYSE NRG opened at $100.63 on Friday. The firm has a 50 day moving average of $102.12 and a 200 day moving average of $94.86. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The firm has a market capitalization of $20.49 billion, a price-to-earnings ratio of 25.28, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. NRG Energy, Inc. has a 12-month low of $65.11 and a 12-month high of $117.26.

NRG Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a $0.44 dividend. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Monday, February 3rd. NRG Energy’s dividend payout ratio is presently 35.92%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $74.00 to $126.00 in a report on Tuesday, January 21st. Wells Fargo & Company boosted their price objective on shares of NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and boosted their price objective for the company from $93.00 to $113.00 in a report on Tuesday, November 26th. BMO Capital Markets boosted their price objective on shares of NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a report on Monday, March 3rd. Finally, 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 report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $123.29.

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.