QS Investors LLC Has $7.85 Million Stake in NRG Energy Inc (NRG)

QS Investors LLC grew its stake in shares of NRG Energy Inc (NYSE:NRG) by 40.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 198,110 shares of the utilities provider’s stock after purchasing an additional 57,136 shares during the period. QS Investors LLC owned about 0.07% of NRG Energy worth $7,846,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Contravisory Investment Management Inc. lifted its holdings in shares of NRG Energy by 3.4% during the fourth quarter. Contravisory Investment Management Inc. now owns 15,232 shares of the utilities provider’s stock valued at $603,000 after purchasing an additional 506 shares during the last quarter. Bessemer Group Inc. raised its position in NRG Energy by 30.1% during the fourth quarter. Bessemer Group Inc. now owns 3,695 shares of the utilities provider’s stock valued at $146,000 after buying an additional 855 shares during the period. Advisors Asset Management Inc. raised its position in NRG Energy by 49.8% during the fourth quarter. Advisors Asset Management Inc. now owns 2,985 shares of the utilities provider’s stock valued at $118,000 after buying an additional 992 shares during the period. Sterling Investment Advisors Ltd. raised its position in NRG Energy by 202.8% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 1,493 shares of the utilities provider’s stock valued at $59,000 after buying an additional 1,000 shares during the period. Finally, Private Capital Group LLC raised its position in NRG Energy by 67.9% during the fourth quarter. Private Capital Group LLC now owns 2,498 shares of the utilities provider’s stock valued at $99,000 after buying an additional 1,010 shares during the period. 97.23% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Christopher Moser sold 34,296 shares of the stock in a transaction that occurred on Friday, January 4th. The stock was sold at an average price of $38.23, for a total value of $1,311,136.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Callen sold 41,011 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $41.83, for a total value of $1,715,490.13. Following the completion of the transaction, the senior vice president now directly owns 58,130 shares of the company’s stock, valued at $2,431,577.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 93,878 shares of company stock valued at $3,758,695. 0.38% of the stock is owned by corporate insiders.

Shares of NYSE:NRG opened at $41.58 on Friday. NRG Energy Inc has a twelve month low of $29.74 and a twelve month high of $43.48. The company has a market cap of $12.10 billion, a P/E ratio of 17.25 and a beta of 0.78. The company has a quick ratio of 1.33, a current ratio of 1.50 and a debt-to-equity ratio of 7.16.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 15th. Investors of record on Friday, February 1st were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, January 31st. This represents a $0.12 annualized dividend and a yield of 0.29%. NRG Energy’s payout ratio is 4.98%.

Several research analysts recently weighed in on NRG shares. Zacks Investment Research raised NRG Energy from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Wednesday, January 23rd. Citigroup upped their target price on NRG Energy from $38.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, December 10th. Macquarie set a $48.00 target price on NRG Energy and gave the stock a “buy” rating in a research report on Friday, March 1st. ValuEngine raised NRG Energy from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Finally, Deutsche Bank set a $43.00 target price on NRG Energy and gave the stock a “hold” rating in a research report on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $42.57.

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NRG Energy Company Profile

NRG Energy, Inc, together with its subsidiaries, operates as an energy company in the United States. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.1 million residential, industrial, and commercial consumers. It generates electricity using natural gas, coal, oil, solar, nuclear, wind, fossil fuel, and nuclear sources.

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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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