Dynamic Technology Lab Private Ltd Sells 18,531 Shares of NRG Energy, Inc. (NYSE:NRG)

Dynamic Technology Lab Private Ltd lessened its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 40.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,529 shares of the utilities provider's stock after selling 18,531 shares during the period. Dynamic Technology Lab Private Ltd's holdings in NRG Energy were worth $2,508,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NRG. O Shaughnessy Asset Management LLC increased its stake in shares of NRG Energy by 35.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 8,723 shares of the utilities provider's stock worth $590,000 after buying an additional 2,304 shares during the last quarter. SVB Wealth LLC increased its stake in NRG Energy by 38.2% during the first quarter. SVB Wealth LLC now owns 9,671 shares of the utilities provider's stock valued at $655,000 after purchasing an additional 2,673 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in NRG Energy by 24.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 22,761 shares of the utilities provider's stock valued at $1,541,000 after purchasing an additional 4,421 shares during the last quarter. Redwood Investment Management LLC increased its stake in NRG Energy by 61.0% during the first quarter. Redwood Investment Management LLC now owns 22,394 shares of the utilities provider's stock valued at $1,516,000 after purchasing an additional 8,481 shares during the last quarter. Finally, Tidal Investments LLC increased its stake in NRG Energy by 35.6% during the first quarter. Tidal Investments LLC now owns 29,321 shares of the utilities provider's stock valued at $1,985,000 after purchasing an additional 7,705 shares during the last quarter. Institutional investors own 97.72% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on NRG shares. Wells Fargo & Company upped their price target on shares of NRG Energy from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. Guggenheim upped their price target 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. BMO Capital Markets upped their price target on shares of NRG Energy from $94.00 to $100.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 19th. Citigroup upped their price target on shares of NRG Energy from $84.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Finally, StockNews.com downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Monday, September 2nd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $98.29.

Insider Transactions at NRG Energy

In other 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 directly owns 163,680 shares of the company's stock, valued at $13,151,688. This represents a 38.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is owned by insiders.

NRG Energy Trading Down 2.7 %

Shares of NRG traded down $2.62 during midday trading on Monday, hitting $92.86. The stock had a trading volume of 706,123 shares, compared to its average volume of 3,242,016. NRG Energy, Inc. has a fifty-two week low of $45.46 and a fifty-two week high of $102.84. The business has a 50-day simple moving average of $90.06 and a two-hundred day simple moving average of $83.18. The firm has a market cap of $18.81 billion, a P/E ratio of 23.99, a price-to-earnings-growth ratio of 1.39 and a beta of 1.10. 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 company 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 dividend yield of 1.76%. The ex-dividend date was Friday, November 1st. NRG Energy's payout ratio is 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.