Holocene Advisors LP Acquires 285,933 Shares of NRG Energy, Inc. (NYSE:NRG)

Holocene Advisors LP raised its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 150.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 476,103 shares of the utilities provider's stock after buying an additional 285,933 shares during the period. Holocene Advisors LP owned about 0.24% of NRG Energy worth $43,373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NRG. Banco Santander S.A. boosted its position in shares of NRG Energy by 0.9% in the third quarter. Banco Santander S.A. now owns 2,820,500 shares of the utilities provider's stock worth $256,948,000 after purchasing an additional 24,834 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of NRG Energy by 65.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider's stock worth $124,318,000 after purchasing an additional 633,765 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of NRG Energy by 52.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,330,706 shares of the utilities provider's stock worth $121,227,000 after purchasing an additional 456,573 shares during the period. Los Angeles Capital Management LLC boosted its position in shares of NRG Energy by 32,962.3% in the third quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider's stock worth $95,901,000 after purchasing an additional 1,049,521 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of NRG Energy by 8.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,041,153 shares of the utilities provider's stock worth $94,849,000 after purchasing an additional 82,919 shares during the period. 97.72% of the stock is owned by hedge funds and other institutional investors.

NRG Energy Price Performance

NRG Energy stock traded up $0.22 during mid-day trading on Tuesday, reaching $99.62. 1,003,117 shares of the company's stock traded hands, compared to its average volume of 3,237,086. NRG Energy, Inc. has a 12-month low of $47.22 and a 12-month high of $103.14. The company has a market cap of $20.18 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 1.38 and a beta of 1.12. 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 stock has a 50 day moving average of $91.88 and a two-hundred day moving average of $83.84.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.4075 dividend. This represents a $1.63 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Friday, November 1st. NRG Energy's dividend payout ratio is currently 40.95%.

Insider Buying and Selling

In related news, insider Rasesh M. Patel sold 102,603 shares of the firm's stock in a transaction dated 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 transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NRG shares. 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. BMO Capital Markets upped their target price 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. StockNews.com lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Monday, September 2nd. Wells Fargo & Company upped their target price 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. Finally, Jefferies Financial Group upgraded shares of NRG Energy from a "hold" rating to a "buy" rating and upped their target price for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $102.71.

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.