NRG Energy, Inc. (NYSE:NRG) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 58.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 65,953 shares of the utilities provider’s stock after purchasing an additional 24,384 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in NRG Energy were worth $6,074,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in shares of NRG Energy in the third quarter worth about $26,000. Covestor Ltd boosted its holdings in NRG Energy by 74.7% in the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 139 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in NRG Energy in the third quarter valued at approximately $35,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of NRG Energy during the third quarter valued at approximately $36,000. Finally, UMB Bank n.a. lifted its position in shares of NRG Energy by 100.4% during the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 228 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NRG Energy

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total transaction 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. This trade represents a 48.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $97.63, for a total value of $1,952,600.00. Following the sale, the chief financial officer now directly owns 69,454 shares in the company, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

NRG Energy Stock Performance

Shares of NRG opened at $102.96 on Friday. The company has a market cap of $20.86 billion, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 1.21 and a beta of 1.15. The firm has a fifty day moving average of $98.59 and a 200-day moving average of $90.22. NRG Energy, Inc. has a 1 year low of $51.26 and a 1 year high of $115.38. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.71%. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, February 3rd. NRG Energy’s dividend payout ratio is 44.22%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NRG shares. Wells Fargo & Company lifted their price target on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. BMO Capital Markets raised their price objective on NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. Citigroup raised their price target on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $111.43.

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.