NRG Energy, Inc. (NYSE:NRG) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 1.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,965,155 shares of the utilities provider's stock after selling 36,489 shares during the period. Charles Schwab Investment Management Inc. owned about 0.95% of NRG Energy worth $179,026,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Banco Santander S.A. raised its position in NRG Energy by 0.9% during 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 acquiring an additional 24,834 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of NRG Energy by 65.8% in the 2nd 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 during the period. Los Angeles Capital Management LLC boosted its holdings in NRG Energy by 32,962.3% during the third quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider's stock worth $95,901,000 after buying an additional 1,049,521 shares in the last quarter. Zimmer Partners LP purchased a new position in NRG Energy in the first quarter valued at $64,306,000. Finally, Jupiter Asset Management Ltd. raised its position in shares of NRG Energy by 114.3% in the second quarter. Jupiter Asset Management Ltd. now owns 837,461 shares of the utilities provider's stock worth $65,205,000 after acquiring an additional 446,743 shares during the period. Institutional investors and hedge funds own 97.72% of the company's stock.

NRG Energy Price Performance

NRG stock traded down $1.41 during mid-day trading on Friday, reaching $95.48. The company's stock had a trading volume of 1,800,945 shares, compared to its average volume of 2,758,329. The stock has a market cap of $19.34 billion, a PE ratio of 23.99, a P/E/G ratio of 1.41 and a beta of 1.10. The company's 50 day moving average is $90.06 and its two-hundred day moving average is $83.13. NRG Energy, Inc. has a fifty-two week low of $45.29 and a fifty-two week high of $102.84. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $0.4075 dividend. This represents a $1.63 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend was Friday, November 1st. NRG Energy's payout ratio is currently 40.95%.

Analyst Ratings Changes

NRG has been the topic of a number of analyst reports. Jefferies Financial Group assumed coverage on NRG Energy in a research report on Friday, September 13th. They set a "hold" rating and a $82.00 target price on the stock. Citigroup boosted their price objective on NRG Energy from $84.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Wells Fargo & Company lifted 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. Guggenheim upped their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Finally, BMO Capital Markets lifted their target price on shares of NRG Energy from $94.00 to $100.00 and gave the company a "market perform" rating in a research report on Tuesday, November 19th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, NRG Energy presently has a consensus rating of "Hold" and an average price target of $98.29.

Insiders Place Their Bets

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

NRG Energy 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.