NRG Energy, Inc. (NYSE:NRG) Shares Acquired by Dorsey Wright & Associates

Dorsey Wright & Associates boosted its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 197.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 61,954 shares of the utilities provider's stock after acquiring an additional 41,122 shares during the period. NRG Energy accounts for about 1.3% of Dorsey Wright & Associates' investment portfolio, making the stock its 17th largest position. Dorsey Wright & Associates' holdings in NRG Energy were worth $5,644,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Glen Eagle Advisors LLC boosted its stake in shares of NRG Energy by 53.0% during the 3rd quarter. Glen Eagle Advisors LLC now owns 3,465 shares of the utilities provider's stock worth $316,000 after purchasing an additional 1,200 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of NRG Energy during the 3rd quarter worth about $636,000. Kovitz Investment Group Partners LLC acquired a new stake in shares of NRG Energy during the 3rd quarter worth about $1,081,000. Wexford Capital LP boosted its stake in shares of NRG Energy by 67.8% during the 3rd quarter. Wexford Capital LP now owns 8,744 shares of the utilities provider's stock worth $797,000 after purchasing an additional 3,532 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of NRG Energy by 47.8% during the 3rd quarter. Stifel Financial Corp now owns 56,330 shares of the utilities provider's stock worth $5,132,000 after purchasing an additional 18,211 shares during the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Trading Down 2.0 %

NYSE NRG traded down $2.02 during mid-day trading on Friday, hitting $99.26. The company's stock had a trading volume of 1,433,514 shares, compared to its average volume of 2,670,290. NRG Energy, Inc. has a 52-week low of $47.22 and a 52-week high of $103.14. The stock's fifty day simple moving average is $92.71 and its two-hundred day simple moving average is $84.33. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The firm has a market capitalization of $20.11 billion, a P/E ratio of 24.94, a price-to-earnings-growth ratio of 1.37 and a beta of 1.12.

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 issued a $0.4075 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.63 annualized dividend and a yield of 1.64%. NRG Energy's payout ratio is 40.95%.

Insider Activity at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the stock in a transaction that occurred 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 sale, the insider now owns 163,680 shares of the company's stock, valued at $13,151,688. This trade represents a 38.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.86% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on NRG shares. 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 research note on Tuesday, November 26th. Wells Fargo & Company raised 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. StockNews.com lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Monday, September 2nd. Citigroup increased their price objective 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. Finally, BMO Capital Markets increased their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the stock a "market perform" rating in a report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $102.71.

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.