Caxton Associates LP Purchases 56,979 Shares of NRG Energy, Inc. (NYSE:NRG)

Caxton Associates LP raised its position in shares of NRG Energy, Inc. (NYSE:NRG) by 1,189.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,768 shares of the utilities provider’s stock after purchasing an additional 56,979 shares during the quarter. Caxton Associates LP’s holdings in NRG Energy were worth $5,573,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of NRG. SBI Securities Co. Ltd. purchased a new position in shares of NRG Energy during the 4th quarter valued at $32,000. UMB Bank n.a. lifted its position in shares of NRG Energy by 100.4% in the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 228 shares in the last quarter. Mizuho Bank Ltd. bought a new position in shares of NRG Energy in the fourth quarter worth about $41,000. Princeton Global Asset Management LLC grew its position in shares of NRG Energy by 414.9% during the fourth quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 390 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in NRG Energy by 221.0% during the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 347 shares during the period. 97.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Morgan Stanley lifted 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. StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. The Goldman Sachs Group initiated coverage on shares of NRG Energy in a report on Friday, April 4th. They set a “buy” rating and a $129.00 price objective for the company. Evercore ISI raised 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 report on Tuesday, January 21st. Finally, 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. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, NRG Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.

NRG Energy Stock Performance

NRG Energy stock opened at $116.55 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $117.90. The company’s 50-day moving average price is $98.11 and its 200-day moving average price is $97.73. The company has a market cap of $23.74 billion, a PE ratio of 29.28, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Thursday, May 1st. NRG Energy’s dividend payout ratio (DPR) is 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.