American Financial Group Inc. bought a new stake in shares of NRG Energy Inc (NYSE:NRG) in the fourth quarter, Holdings Channel reports. The firm bought 7,423 shares of the utilities provider’s stock, valued at approximately $212,000.
Other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its stake in NRG Energy by 3,685.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,785 shares of the utilities provider’s stock valued at $108,000 after purchasing an additional 3,685 shares during the period. NuWave Investment Management LLC bought a new stake in shares of NRG Energy during the 4th quarter worth about $116,000. Invictus RG bought a new stake in shares of NRG Energy during the 3rd quarter worth about $110,000. Itau Unibanco Holding S.A. raised its position in shares of NRG Energy by 122.7% during the 4th quarter. Itau Unibanco Holding S.A. now owns 4,815 shares of the utilities provider’s stock worth $137,000 after buying an additional 2,653 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of NRG Energy by 54.7% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,076 shares of the utilities provider’s stock worth $175,000 after buying an additional 2,148 shares in the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.
Shares of NRG Energy Inc (NYSE NRG) opened at $25.22 on Monday. NRG Energy Inc has a 52-week low of $14.52 and a 52-week high of $29.78. The company has a market cap of $7,985.71, a PE ratio of -4.95 and a beta of 1.15. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.11 and a current ratio of 1.28.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 1st were issued a $0.03 dividend. The ex-dividend date was Wednesday, January 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.48%. NRG Energy’s payout ratio is currently -2.35%.
A number of research firms have commented on NRG. Zacks Investment Research downgraded shares of NRG Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 3rd. ValuEngine downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Bank of America began coverage on shares of NRG Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $31.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $24.67.
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About NRG Energy
NRG Energy, Inc (NRG) is an integrated power company. The Company is engaged in producing, selling and delivering electricity and related products and services in various markets in the United States. The Company’s segments include Generation, Retail, Renewables, NRG Yield, Inc (NRG Yield) and Corporate activities.
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