King Luther Capital Management Corp Has $812,000 Stake in NRG Energy, Inc. (NYSE:NRG)

King Luther Capital Management Corp cut its holdings in NRG Energy, Inc. (NYSE:NRG) by 18.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,000 shares of the utilities provider’s stock after selling 2,000 shares during the quarter. King Luther Capital Management Corp’s holdings in NRG Energy were worth $812,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. M&T Bank Corp grew its stake in shares of NRG Energy by 0.3% during the 3rd quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider’s stock worth $3,481,000 after acquiring an additional 113 shares in the last quarter. McIlrath & Eck LLC grew its position in NRG Energy by 4.5% in the third quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider’s stock valued at $240,000 after purchasing an additional 113 shares in the last quarter. Schechter Investment Advisors LLC increased its stake in NRG Energy by 0.8% in the 4th quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider’s stock valued at $1,436,000 after buying an additional 120 shares during the last quarter. Mather Group LLC. boosted its stake in shares of NRG Energy by 18.4% during the 4th quarter. Mather Group LLC. now owns 803 shares of the utilities provider’s stock worth $72,000 after buying an additional 125 shares during the last quarter. Finally, Grove Bank & Trust grew its holdings in shares of NRG Energy by 29.7% in the 4th quarter. Grove Bank & Trust now owns 564 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 129 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and increased their price target for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. Evercore ISI upgraded NRG Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. Guggenheim increased their price target on NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Finally, Morgan Stanley increased their price objective 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $123.29.

Insiders Place Their Bets

In related news, VP Robert J. Gaudette sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total value of $5,484,600.00. Following the completion of the sale, the vice president now directly owns 64,448 shares in the company, valued at approximately $5,891,191.68. The trade was a 48.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Bruce Chung sold 20,000 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now owns 69,454 shares in the company, valued at approximately $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 Down 1.4 %

NRG stock opened at $91.17 on Friday. NRG Energy, Inc. has a fifty-two week low of $62.40 and a fifty-two week high of $117.26. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The stock has a market capitalization of $18.06 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 1.01 and a beta of 1.13. The business’s fifty day moving average price is $102.26 and its two-hundred day moving average price is $94.30.

NRG Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a $0.44 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.93%. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s payout ratio is currently 35.92%.

NRG Energy Company 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.