Massachusetts Financial Services Co. MA Has $21.57 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Massachusetts Financial Services Co. MA grew its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 29.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 236,734 shares of the utilities provider's stock after buying an additional 54,165 shares during the period. Massachusetts Financial Services Co. MA owned 0.11% of NRG Energy worth $21,566,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Cetera Investment Advisers increased its stake in NRG Energy by 104.5% during the 1st quarter. Cetera Investment Advisers now owns 73,865 shares of the utilities provider's stock worth $5,000,000 after buying an additional 37,750 shares during the period. Assenagon Asset Management S.A. lifted its stake in 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 acquiring an additional 633,765 shares during the last quarter. Friedenthal Financial purchased a new stake in shares of NRG Energy in the 2nd quarter valued at approximately $746,000. NatWest Group plc increased its position in shares of NRG Energy by 9.1% in the 3rd quarter. NatWest Group plc now owns 79,202 shares of the utilities provider's stock valued at $7,215,000 after purchasing an additional 6,618 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of NRG Energy by 17.7% in the 3rd quarter. Principal Financial Group Inc. now owns 458,811 shares of the utilities provider's stock valued at $41,800,000 after purchasing an additional 69,047 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.

NRG Energy Stock Up 10.2 %

NYSE:NRG traded up $9.33 on Tuesday, reaching $101.20. The stock had a trading volume of 4,644,240 shares, compared to its average volume of 3,264,201. NRG Energy, Inc. has a 12-month low of $45.46 and a 12-month high of $102.84. The company has a 50-day moving average of $90.28 and a 200 day moving average of $83.25. 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 stock has a market cap of $20.50 billion, a P/E ratio of 25.42, a price-to-earnings-growth ratio of 1.39 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 issued a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Friday, November 1st. NRG Energy's dividend payout ratio is 40.95%.

Insider Activity at NRG Energy

In related news, insider Rasesh M. Patel sold 102,603 shares of the 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 transaction, the insider now owns 163,680 shares in the company, valued at approximately $13,151,688. This represents a 38.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have issued reports on NRG shares. BMO Capital Markets lifted their price target on NRG Energy from $94.00 to $100.00 and gave the stock a "market perform" rating in a report on Tuesday, November 19th. StockNews.com lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Monday, September 2nd. Wells Fargo & Company boosted their price objective 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. Jefferies Financial Group upgraded shares of NRG Energy from a "hold" rating to a "buy" rating and upped their target price for the company from $93.00 to $113.00 in a report on Tuesday. Finally, Citigroup lifted their price target 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. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.