Benjamin Edwards Inc. Acquires Shares of 6,453 NRG Energy, Inc. (NYSE:NRG)

Benjamin Edwards Inc. purchased a new stake in NRG Energy, Inc. (NYSE:NRG - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm purchased 6,453 shares of the utilities provider's stock, valued at approximately $588,000.

Several other large investors have also recently made changes to their positions in NRG. Assenagon Asset Management S.A. lifted its position in shares of NRG Energy by 65.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider's stock valued at $124,318,000 after buying an additional 633,765 shares during the last quarter. Bank of Hawaii grew 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 purchasing an additional 7,662 shares during the last quarter. Friedenthal Financial acquired a new position in shares of NRG Energy during the second quarter worth $746,000. DRW Securities LLC lifted its holdings in shares of NRG Energy by 181.5% during the 3rd quarter. DRW Securities LLC now owns 11,913 shares of the utilities provider's stock valued at $1,085,000 after purchasing an additional 7,681 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of NRG Energy by 17.7% in the 3rd quarter. Principal Financial Group Inc. now owns 458,811 shares of the utilities provider's stock worth $41,800,000 after purchasing an additional 69,047 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Rasesh M. Patel sold 102,603 shares of the business's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $80.35, for a total value of $8,244,151.05. Following the completion of the transaction, the insider now directly owns 163,680 shares in the company, valued at $13,151,688. The trade was a 38.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.86% of the company's stock.

NRG Energy Stock Performance

Shares of NYSE:NRG traded down $2.02 during midday trading on Friday, reaching $99.26. The company's stock had a trading volume of 1,433,514 shares, compared to its average volume of 2,670,290. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The stock has a fifty day moving average of $92.71 and a 200 day moving average of $84.33. NRG Energy, Inc. has a twelve month low of $47.22 and a twelve month high of $103.14. The firm has a market capitalization of $20.11 billion, a PE ratio of 24.94, a P/E/G ratio of 1.37 and a beta of 1.12.

NRG Energy Announces Dividend

The business also recently disclosed 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 of this dividend was Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.64%. NRG Energy's payout ratio is currently 40.95%.

Wall Street Analysts Forecast Growth

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

About NRG Energy

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.