Gulf International Bank UK Ltd Has $1.45 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Gulf International Bank UK Ltd cut its holdings in NRG Energy, Inc. (NYSE:NRG) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,037 shares of the utilities provider’s stock after selling 192 shares during the quarter. Gulf International Bank UK Ltd’s holdings in NRG Energy were worth $1,446,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NRG. Assenagon Asset Management S.A. lifted its stake in NRG Energy by 1,010.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider’s stock valued at $140,504,000 after acquiring an additional 1,417,057 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in NRG Energy by 32,962.3% in the third quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider’s stock valued at $95,901,000 after acquiring an additional 1,049,521 shares during the last quarter. Bridgewater Associates LP raised its position in shares of NRG Energy by 352.9% in the third quarter. Bridgewater Associates LP now owns 804,801 shares of the utilities provider’s stock valued at $73,317,000 after purchasing an additional 627,121 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its position in shares of NRG Energy by 52.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,330,706 shares of the utilities provider’s stock valued at $121,227,000 after purchasing an additional 456,573 shares during the period. Finally, Assetmark Inc. raised its position in shares of NRG Energy by 109.2% in the third quarter. Assetmark Inc. now owns 746,994 shares of the utilities provider’s stock valued at $68,051,000 after purchasing an additional 389,997 shares during the period. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

NRG Energy Trading Up 0.6 %

Shares of NRG stock opened at $105.73 on Friday. NRG Energy, Inc. has a 1 year low of $54.12 and a 1 year high of $117.26. The firm’s fifty day simple moving average is $102.10 and its 200 day simple moving average is $93.72. The firm has a market capitalization of $20.94 billion, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 1.01 and a beta of 1.15. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57.

NRG Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.66%. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s payout ratio is currently 35.92%.

Wall Street Analyst Weigh In

NRG has been the topic of a number of recent analyst reports. StockNews.com raised shares of NRG Energy from a “hold” rating to a “buy” rating in a research report on Friday. Morgan Stanley lifted their price target on shares of NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. Wells Fargo & Company lifted their price target on shares of NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Guggenheim lifted 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. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $121.14.

About NRG Energy

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.