NRG Energy, Inc. (NYSE:NRG) Shares Sold by Mutual of America Capital Management LLC

Posted by Defense World Staff on Aug 8th, 2023

Mutual of America Capital Management LLC lessened its stake in shares of NRG Energy, Inc. (NYSE:NRG – Free Report) by 8.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,914 shares of the utilities provider’s stock after selling 4,621 shares during the period. Mutual of America Capital Management LLC’s holdings in NRG Energy were worth $1,780,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its holdings in NRG Energy by 6.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,636,294 shares of the utilities provider’s stock valued at $179,347,000 after acquiring an additional 355,147 shares during the last quarter. Permian Investment Partners LP raised its holdings in NRG Energy by 1.4% in the 1st quarter. Permian Investment Partners LP now owns 5,326,801 shares of the utilities provider’s stock valued at $204,336,000 after acquiring an additional 73,000 shares during the last quarter. Geode Capital Management LLC raised its holdings in NRG Energy by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 5,077,461 shares of the utilities provider’s stock valued at $162,383,000 after acquiring an additional 14,615 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in NRG Energy by 6.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,991,752 shares of the utilities provider’s stock valued at $158,847,000 after acquiring an additional 316,888 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in NRG Energy by 396.2% in the 4th quarter. Assetmark Inc. now owns 1,549,000 shares of the utilities provider’s stock valued at $49,289,000 after acquiring an additional 1,236,844 shares during the last quarter. Institutional investors and hedge funds own 98.27% of the company’s stock.

NRG Energy Stock Performance

NYSE:NRG opened at $37.52 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.99 and a debt-to-equity ratio of 4.66. The company has a 50 day moving average price of $36.17 and a 200 day moving average price of $34.49. NRG Energy, Inc. has a fifty-two week low of $30.25 and a fifty-two week high of $45.80.

NRG Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be given a dividend of $0.3775 per share. The ex-dividend date is Monday, July 31st. This represents a $1.51 dividend on an annualized basis and a dividend yield of 4.02%. This is a boost from NRG Energy’s previous quarterly dividend of $0.38. NRG Energy’s dividend payout ratio (DPR) is presently -19.04%.

Analyst Upgrades and Downgrades

A number of research firms have commented on NRG. BMO Capital Markets increased their price objective on shares of NRG Energy from $40.00 to $42.00 in a report on Monday, June 26th. Morgan Stanley raised their price target on shares of NRG Energy from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Thursday, April 20th. StockNews.com assumed coverage on shares of NRG Energy in a report on Thursday, May 18th. They set a “sell” rating for the company. Finally, Bank of America raised their price target on shares of NRG Energy from $43.00 to $46.00 in a report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, NRG Energy currently has a consensus rating of “Hold” and a consensus target price of $43.50.

Check Out Our Latest Stock Analysis on NRG

About NRG Energy

(Free Report)

NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. It operates through Texas, East, and West segments. The company is involved in producing and selling electricity and related products and services to approximately residential, commercial, industrial, and wholesale customers.

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

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