Everence Capital Management Inc. Invests $549,000 in NRG Energy, Inc. (NYSE:NRG)

Everence Capital Management Inc. bought a new stake in shares of NRG Energy, Inc. (NYSE:NRG) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 6,090 shares of the utilities provider’s stock, valued at approximately $549,000.

Other institutional investors also recently bought and sold shares of the company. Pine Valley Investments Ltd Liability Co lifted its holdings in shares of NRG Energy by 25.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider’s stock valued at $4,557,000 after purchasing an additional 10,031 shares during the last quarter. Luxor Capital Group LP raised its stake in NRG Energy by 47.8% in the third quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider’s stock valued at $47,426,000 after buying an additional 168,267 shares during the last quarter. Bank of Hawaii boosted its holdings in NRG Energy by 95.5% in the third quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider’s stock worth $1,429,000 after acquiring an additional 7,662 shares in the last quarter. DRW Securities LLC grew its stake in shares of NRG Energy by 181.5% during the third quarter. DRW Securities LLC now owns 11,913 shares of the utilities provider’s stock worth $1,085,000 after acquiring an additional 7,681 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of NRG Energy by 29.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 236,734 shares of the utilities provider’s stock valued at $21,566,000 after acquiring an additional 54,165 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Citigroup lifted their target price on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and increased their price objective for the company from $93.00 to $113.00 in a report on Tuesday, November 26th. Wells Fargo & Company lifted their target price on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. BMO Capital Markets increased their price target on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Finally, Guggenheim lifted their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, NRG Energy currently has an average rating of “Moderate Buy” and an average price target of $102.71.

NRG Energy Stock Up 6.2 %

Shares of NRG stock opened at $98.50 on Friday. NRG Energy, Inc. has a twelve month low of $50.23 and a twelve month high of $103.14. The stock has a market cap of $19.95 billion, a P/E ratio of 24.75, a P/E/G ratio of 1.29 and a beta of 1.12. The stock has a 50 day moving average of $93.87 and a 200 day moving average of $86.00. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Friday, November 1st. NRG Energy’s dividend payout ratio (DPR) is 40.95%.

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.