HighTower Advisors LLC Purchases 8,960 Shares of NRG Energy, Inc. (NYSE:NRG)

HighTower Advisors LLC boosted its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 39.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,730 shares of the utilities provider's stock after acquiring an additional 8,960 shares during the period. HighTower Advisors LLC's holdings in NRG Energy were worth $2,881,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC lifted its position in NRG Energy by 43.2% during the second quarter. Sequoia Financial Advisors LLC now owns 4,394 shares of the utilities provider's stock worth $342,000 after purchasing an additional 1,326 shares during the period. Diversified Trust Co bought a new stake in shares of NRG Energy during the 2nd quarter worth approximately $228,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of NRG Energy by 10.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 34,165 shares of the utilities provider's stock worth $2,660,000 after acquiring an additional 3,125 shares in the last quarter. ORG Partners LLC acquired a new position in NRG Energy during the second quarter valued at approximately $111,000. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in NRG Energy by 54.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 7,549 shares of the utilities provider's stock worth $588,000 after purchasing an additional 2,669 shares during the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NRG has been the topic of several recent analyst reports. 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. Wells Fargo & Company boosted their target price on NRG Energy from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. Jefferies Financial Group upgraded shares of NRG Energy from a "hold" rating to a "buy" rating and raised their price target for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. BMO Capital Markets upped their price objective 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. Finally, StockNews.com lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Monday, September 2nd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $102.71.

NRG Energy Trading Down 0.2 %

NRG traded down $0.16 during 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 current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a one year low of $47.88 and a one year high of $103.14. The firm has a fifty day moving average price of $92.91 and a two-hundred day moving average price of $84.73. The stock has a market capitalization of $19.24 billion, a PE 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 disclosed 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 dividend on an annualized basis and a yield of 1.72%. NRG Energy's payout ratio is 40.95%.

NRG Energy Company 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.