Luxor Capital Group LP grew its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 47.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 520,591 shares of the utilities provider's stock after buying an additional 168,267 shares during the period. NRG Energy accounts for 3.0% of Luxor Capital Group LP's portfolio, making the stock its 10th biggest holding. Luxor Capital Group LP owned 0.26% of NRG Energy worth $47,426,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in NRG Energy during the third quarter valued at $26,000. Covestor Ltd increased its holdings in shares of NRG Energy by 74.7% during the third quarter. Covestor Ltd now owns 325 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 139 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of NRG Energy in the 2nd quarter valued at $32,000. First Horizon Advisors Inc. boosted its position in NRG Energy by 76.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider's stock worth $34,000 after purchasing an additional 191 shares in the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of NRG Energy during the 3rd quarter worth approximately $35,000. 97.72% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on NRG shares. Jefferies Financial Group raised shares of NRG Energy from a "hold" rating to a "buy" rating and raised their price objective for the stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. BMO Capital Markets lifted their price objective on 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 target price on NRG Energy from $77.00 to $118.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Citigroup lifted their price target on NRG Energy from $84.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Finally, StockNews.com cut shares of NRG Energy from a "buy" rating to a "hold" rating in a research note 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 a consensus rating of "Moderate Buy" and an average price target of $102.71.
Read Our Latest Stock Report on NRG
NRG Energy Trading Down 2.3 %
Shares of NRG stock traded down $2.33 during trading on Monday, hitting $96.93. 1,082,798 shares of the stock traded hands, compared to its average volume of 3,214,192. The firm has a market capitalization of $19.64 billion, a P/E ratio of 24.94, a price-to-earnings-growth ratio of 1.35 and a beta of 1.12. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The firm's fifty day moving average price is $92.71 and its 200-day moving average price is $84.36. NRG Energy, Inc. has a 52-week low of $47.60 and a 52-week high of $103.14.
NRG Energy Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Friday, November 1st. NRG Energy's payout ratio is presently 40.95%.
Insider Activity
In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the business's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $80.35, for a total value of $8,244,151.05. Following the sale, the insider now owns 163,680 shares of the company's stock, valued at $13,151,688. The trade was a 38.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.61% of the company's stock.
NRG Energy Company Profile
(
Free Report)
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.
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