NRG Energy, Inc. (NYSE:NRG) Shares Bought by DRW Securities LLC

DRW Securities LLC raised its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 181.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,913 shares of the utilities provider's stock after buying an additional 7,681 shares during the quarter. DRW Securities LLC's holdings in NRG Energy were worth $1,085,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Castle Rock Wealth Management LLC increased its position in NRG Energy by 3.5% in the third quarter. Castle Rock Wealth Management LLC now owns 3,746 shares of the utilities provider's stock worth $356,000 after purchasing an additional 126 shares during the last quarter. Park Avenue Securities LLC grew its position in 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 acquiring an additional 134 shares during the last quarter. Covestor Ltd lifted its holdings in NRG Energy by 74.7% during the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider's stock valued at $30,000 after buying an additional 139 shares in the last quarter. Asahi Life Asset Management CO. LTD. boosted its holdings in shares of NRG Energy by 3.5% in the third quarter. Asahi Life Asset Management CO. LTD. now owns 4,420 shares of the utilities provider's stock valued at $403,000 after purchasing an additional 150 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in shares of NRG Energy by 76.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider's stock worth $34,000 after buying an additional 191 shares during the period. Institutional investors own 97.72% of the company's stock.

Insider Transactions at NRG Energy

In other news, insider Rasesh M. Patel sold 102,603 shares of the company's stock in a transaction dated 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 transaction, the insider now owns 163,680 shares of the company's stock, valued at $13,151,688. This represents a 38.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.61% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. BMO Capital Markets boosted their price target on NRG Energy from $94.00 to $100.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 19th. StockNews.com lowered NRG Energy from a "buy" rating to a "hold" rating in a report on Monday, September 2nd. Wells Fargo & Company boosted their target price on shares of NRG Energy from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, November 11th. Jefferies Financial Group upgraded NRG Energy from a "hold" rating to a "buy" rating and upped their price objective for the stock from $93.00 to $113.00 in a research report on Tuesday. Finally, Guggenheim lifted their price target on NRG Energy from $77.00 to $118.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $102.71.

NRG Energy Stock Performance

NYSE:NRG traded up $9.33 during midday trading on Tuesday, reaching $101.20. The stock had a trading volume of 4,644,240 shares, compared to its average volume of 3,264,201. NRG Energy, Inc. has a 12-month low of $45.46 and a 12-month high of $102.84. 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 firm has a fifty day simple moving average of $90.28 and a two-hundred day simple moving average of $83.25. The stock has a market cap of $20.50 billion, a P/E ratio of 25.42, a P/E/G ratio of 1.39 and a beta of 1.10.

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.4075 dividend. This represents a $1.63 annualized dividend and a yield of 1.61%. The ex-dividend date was Friday, November 1st. NRG Energy's payout ratio is currently 40.95%.

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.