Securian Asset Management Inc lessened its position in NRG Energy Inc (NYSE:NRG) by 2.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 30,059 shares of the utilities provider’s stock after selling 827 shares during the period. Securian Asset Management Inc’s holdings in NRG Energy were worth $1,190,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. LS Investment Advisors LLC increased its holdings in NRG Energy by 37.4% during the 4th quarter. LS Investment Advisors LLC now owns 10,844 shares of the utilities provider’s stock valued at $429,000 after acquiring an additional 2,951 shares in the last quarter. Wright Investors Service Inc. purchased a new position in NRG Energy during the 4th quarter valued at about $638,000. Janney Montgomery Scott LLC purchased a new position in NRG Energy during the 4th quarter valued at about $209,000. TD Asset Management Inc. increased its holdings in NRG Energy by 50.2% during the 4th quarter. TD Asset Management Inc. now owns 352,287 shares of the utilities provider’s stock valued at $13,951,000 after acquiring an additional 117,694 shares in the last quarter. Finally, Dupont Capital Management Corp increased its holdings in NRG Energy by 159.4% during the 4th quarter. Dupont Capital Management Corp now owns 6,084 shares of the utilities provider’s stock valued at $241,000 after acquiring an additional 3,739 shares in the last quarter. Institutional investors own 97.97% of the company’s stock.
In other news, VP Robert J. Gaudette sold 18,571 shares of NRG Energy stock in a transaction dated Thursday, January 10th. The shares were sold at an average price of $39.42, for a total transaction of $732,068.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher Moser sold 34,296 shares of NRG Energy stock in a transaction dated Friday, January 4th. The stock was sold at an average price of $38.23, for a total transaction of $1,311,136.08. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.
Shares of NYSE NRG opened at $42.25 on Tuesday. The stock has a market cap of $12.13 billion, a PE ratio of 38.76 and a beta of 0.78. NRG Energy Inc has a 12 month low of $24.20 and a 12 month high of $43.08. The company has a quick ratio of 1.42, a current ratio of 1.57 and a debt-to-equity ratio of 7.16.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Friday, February 1st will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, January 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.28%. NRG Energy’s dividend payout ratio (DPR) is presently 11.01%.
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NRG Energy Company Profile
NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. The company is involved in the generation of electricity using fossil fuel and nuclear sources. The company provides electricity to 2.9 million residential, commercial, and industrial consumers; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; and carbon management and specialty services.
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