Landscape Capital Management L.L.C. Buys Shares of 8,775 NRG Energy, Inc. (NYSE:NRG)

Landscape Capital Management L.L.C. purchased a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 8,775 shares of the utilities provider's stock, valued at approximately $799,000.

Other hedge funds also recently added to or reduced their stakes in the company. Quadrature Capital Ltd grew its holdings in NRG Energy by 148.6% during the 1st quarter. Quadrature Capital Ltd now owns 21,814 shares of the utilities provider's stock valued at $1,477,000 after purchasing an additional 13,040 shares during the last quarter. Cetera Investment Advisers grew its stake in NRG Energy by 104.5% in the 1st quarter. Cetera Investment Advisers now owns 73,865 shares of the utilities provider's stock worth $5,000,000 after acquiring an additional 37,750 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in NRG Energy by 65.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider's stock worth $124,318,000 after acquiring an additional 633,765 shares in the last quarter. Friedenthal Financial bought a new position in NRG Energy in the 2nd quarter worth about $746,000. Finally, NatWest Group plc grew its stake in NRG Energy by 9.1% in the 3rd quarter. NatWest Group plc now owns 79,202 shares of the utilities provider's stock worth $7,215,000 after acquiring an additional 6,618 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. StockNews.com downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Monday, September 2nd. Wells Fargo & Company lifted their price objective on shares of NRG Energy from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. Guggenheim lifted 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. Citigroup lifted their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group began coverage on shares of NRG Energy in a report on Friday, September 13th. They set a "hold" rating and a $82.00 target price for the company. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, NRG Energy has an average rating of "Hold" and a consensus price target of $98.29.

Insider Transactions at NRG Energy

In related news, insider Rasesh M. Patel sold 102,603 shares of the business'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 transaction, the insider now directly owns 163,680 shares in the company, valued at approximately $13,151,688. The trade was a 38.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.86% of the company's stock.

NRG Energy Stock Performance

NRG traded down $1.41 on Friday, reaching $95.48. The stock had a trading volume of 1,800,945 shares, compared to its average volume of 2,758,329. NRG Energy, Inc. has a 12-month low of $45.29 and a 12-month high of $102.84. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The business's 50-day moving average price is $90.06 and its two-hundred day moving average price is $83.06. The company has a market cap of $19.34 billion, a P/E ratio of 23.99, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10.

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a dividend of $0.4075 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.71%. NRG Energy's dividend payout ratio is currently 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.