Kovitz Investment Group Partners LLC Makes New $1.08 Million Investment in NRG Energy, Inc. (NYSE:NRG)

Kovitz Investment Group Partners LLC bought a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,868 shares of the utilities provider's stock, valued at approximately $1,081,000.

Several other large investors also recently modified their holdings of the stock. Ashton Thomas Securities LLC bought a new position in shares of NRG Energy in the 3rd quarter valued at $26,000. Covestor Ltd raised its stake in NRG Energy by 74.7% during the third quarter. Covestor Ltd now owns 325 shares of the utilities provider's stock worth $30,000 after acquiring an additional 139 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in NRG Energy during the third quarter worth about $35,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of NRG Energy in the 3rd quarter valued at approximately $36,000. Finally, Rothschild Investment LLC bought a new stake in shares of NRG Energy during the 2nd quarter valued at approximately $32,000. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Stock Up 0.4 %

Shares of NRG Energy stock traded up $0.35 during trading hours on Thursday, reaching $95.83. The company's stock had a trading volume of 928,168 shares, compared to its average volume of 3,200,307. The company has a market capitalization of $19.41 billion, a P/E ratio of 23.99, a P/E/G ratio of 1.35 and a beta of 1.12. The stock's fifty day simple moving average is $92.89 and its two-hundred day simple moving average is $84.59. NRG Energy, Inc. has a one year low of $47.88 and a one year high of $103.14. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.4075 per share. The ex-dividend date was Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a yield of 1.70%. NRG Energy's dividend payout ratio (DPR) is currently 40.95%.

Insiders Place Their Bets

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the firm's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the transaction, the insider now directly owns 163,680 shares in the company, valued at approximately $13,151,688. This trade represents a 38.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.86% of the company's stock.

Analysts Set New Price Targets

NRG has been the topic of a number of research analyst reports. Jefferies Financial Group upgraded shares of NRG Energy from a "hold" rating to a "buy" rating and raised their target price for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. StockNews.com cut shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Monday, September 2nd. Citigroup lifted their price target on shares of NRG Energy from $84.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Wells Fargo & Company raised their target price on NRG Energy from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. Finally, Guggenheim upped their target price on NRG Energy from $77.00 to $118.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $102.71.

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.