B. Metzler seel. Sohn & Co. Holding AG Makes New Investment in NRG Energy, Inc. (NYSE:NRG)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in NRG Energy, Inc. (NYSE:NRG - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,505 shares of the utilities provider's stock, valued at approximately $502,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Castle Rock Wealth Management LLC boosted its position in shares of NRG Energy by 3.5% during the 3rd quarter. Castle Rock Wealth Management LLC now owns 3,746 shares of the utilities provider's stock valued at $356,000 after acquiring an additional 126 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of NRG Energy by 2.8% in the 3rd quarter. Park Avenue Securities LLC now owns 4,910 shares of the utilities provider's stock valued at $447,000 after purchasing an additional 134 shares during the period. Covestor Ltd raised its holdings in shares of NRG Energy by 74.7% in the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider's stock worth $30,000 after buying an additional 139 shares in the last quarter. Asahi Life Asset Management CO. LTD. boosted its stake in NRG Energy by 3.5% in the 3rd quarter. Asahi Life Asset Management CO. LTD. now owns 4,420 shares of the utilities provider's stock valued at $403,000 after buying an additional 150 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its position in NRG Energy by 76.1% in the second quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider's stock valued at $34,000 after acquiring an additional 191 shares during the period. Institutional investors and hedge funds own 97.72% of the company's stock.

Insider Activity at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $80.35, for a total value of $8,244,151.05. Following the transaction, the insider now owns 163,680 shares of the company's stock, valued at approximately $13,151,688. This represents a 38.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.61% of the stock is currently owned by company insiders.

NRG Energy Trading Down 3.7 %

NRG Energy stock traded down $3.56 during mid-day trading on Monday, hitting $91.92. The stock had a trading volume of 4,385,200 shares, compared to its average volume of 3,258,150. The stock has a 50-day simple moving average of $90.28 and a two-hundred day simple moving average of $83.25. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The stock has a market capitalization of $18.62 billion, a PE ratio of 23.10, a P/E/G ratio of 1.39 and a beta of 1.10. NRG Energy, Inc. has a 12 month low of $45.46 and a 12 month high of $102.84.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Friday, November 1st. NRG Energy's dividend payout ratio (DPR) is 40.95%.

Analysts Set New Price Targets

A number of research analysts have issued reports on NRG shares. BMO Capital Markets lifted their price objective on NRG Energy from $94.00 to $100.00 and gave the company a "market perform" rating in a report on Tuesday, November 19th. Wells Fargo & Company upped their price objective on shares of NRG Energy from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. StockNews.com downgraded NRG Energy from a "buy" rating to a "hold" rating in a report on Monday, September 2nd. Jefferies Financial Group started coverage on NRG Energy in a report on Friday, September 13th. They set a "hold" rating and a $82.00 price target for the company. Finally, Citigroup boosted their price objective on NRG Energy from $84.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $98.29.

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.