Geode Capital Management LLC Raises Holdings in NRG Energy, Inc. (NYSE:NRG)

Geode Capital Management LLC lifted its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 6.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,399,098 shares of the utilities provider's stock after purchasing an additional 313,478 shares during the quarter. Geode Capital Management LLC owned about 2.67% of NRG Energy worth $494,225,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in shares of NRG Energy in the third quarter worth $26,000. Covestor Ltd raised its stake in NRG Energy by 74.7% in the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider's stock worth $30,000 after acquiring an additional 139 shares during the last quarter. Rothschild Investment LLC purchased a new stake in NRG Energy during the 2nd quarter valued at about $32,000. First Horizon Advisors Inc. increased its holdings in shares of NRG Energy by 76.1% in the second quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 191 shares during the period. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of NRG Energy in the third quarter worth about $35,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Price Performance

NRG stock traded down $0.16 during mid-day trading on Friday, reaching $94.98. 1,431,996 shares of the company's stock were exchanged, compared to its average volume of 3,196,734. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. NRG Energy, Inc. has a 12-month low of $47.88 and a 12-month high of $103.14. The stock's 50 day moving average is $92.91 and its 200 day moving average is $84.73. The company has a market cap of $19.24 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 1.30 and a beta of 1.12.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.4075 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a yield of 1.72%. NRG Energy's dividend payout ratio is currently 40.95%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NRG shares. BMO Capital Markets increased their price target 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. Guggenheim increased their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. Jefferies Financial Group upgraded shares of NRG Energy from a "hold" rating to a "buy" rating and boosted their target price for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. StockNews.com downgraded NRG Energy from a "buy" rating to a "hold" rating in a research report on Monday, September 2nd. Finally, Wells Fargo & Company boosted their price objective on NRG Energy from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.