Bridgewater Associates LP Has $73.32 Million Stake in NRG Energy, Inc. (NYSE:NRG)

Bridgewater Associates LP lifted its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 352.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 804,801 shares of the utilities provider's stock after buying an additional 627,121 shares during the quarter. Bridgewater Associates LP owned approximately 0.40% of NRG Energy worth $73,317,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in NRG. Banco Santander S.A. lifted its holdings in shares of NRG Energy by 0.9% in the third quarter. Banco Santander S.A. now owns 2,820,500 shares of the utilities provider's stock valued at $256,948,000 after purchasing an additional 24,834 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in NRG Energy by 65.8% in 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 purchasing an additional 633,765 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in shares of NRG Energy by 32,962.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider's stock worth $95,901,000 after purchasing an additional 1,049,521 shares in the last quarter. Jupiter Asset Management Ltd. lifted its holdings in shares of NRG Energy by 114.3% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 837,461 shares of the utilities provider's stock valued at $65,205,000 after buying an additional 446,743 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in NRG Energy by 109.2% in the third quarter. Assetmark Inc. now owns 746,994 shares of the utilities provider's stock worth $68,051,000 after buying an additional 389,997 shares during the last quarter. Institutional investors own 97.72% of the company's stock.

Wall Street Analysts Forecast Growth

NRG has been the topic of several analyst reports. Wells Fargo & Company increased their price target 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. Jefferies Financial Group upgraded NRG Energy from a "hold" rating to a "buy" rating and upped their price target for the stock from $93.00 to $113.00 in a research note on Tuesday. Guggenheim boosted their target price on NRG Energy from $77.00 to $118.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Citigroup increased their price target on NRG Energy from $84.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, BMO Capital Markets boosted their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the stock a "market perform" rating in a research note on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $102.71.

Insiders Place Their Bets

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the business's stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.61% of the company's stock.

NRG Energy Stock Performance

NYSE NRG traded down $2.56 during midday trading on Wednesday, hitting $98.60. The company had a trading volume of 1,085,563 shares, compared to its average volume of 3,254,624. The firm has a fifty day simple moving average of $90.68 and a two-hundred day simple moving average of $83.37. The stock has a market cap of $19.97 billion, a price-to-earnings ratio of 24.99, a P/E/G ratio of 1.34 and a beta of 1.10. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a fifty-two week low of $46.23 and a fifty-two week high of $102.84.

NRG Energy Dividend Announcement

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

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.