National Bank of Canada FI Cuts Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

National Bank of Canada FI cut its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 33.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 136,169 shares of the utilities provider's stock after selling 66,942 shares during the quarter. National Bank of Canada FI owned approximately 0.07% of NRG Energy worth $12,405,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NRG. CWM LLC raised its position in NRG Energy by 5.5% during the 2nd quarter. CWM LLC now owns 7,422 shares of the utilities provider's stock valued at $578,000 after purchasing an additional 390 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in NRG Energy by 43.2% in the second quarter. Sequoia Financial Advisors LLC now owns 4,394 shares of the utilities provider's stock worth $342,000 after acquiring an additional 1,326 shares during the period. Diversified Trust Co bought a new position in NRG Energy during the 2nd quarter worth about $228,000. Wealth Enhancement Advisory Services LLC increased its position in 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 valued at $2,660,000 after purchasing an additional 3,125 shares during the period. Finally, ORG Partners LLC bought a new stake in shares of NRG Energy in the 2nd quarter valued at about $111,000. Institutional investors own 97.72% of the company's stock.

Insider Activity at NRG Energy

In other news, insider Rasesh M. Patel sold 102,603 shares of the company's stock in a transaction on 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 sale, the insider now directly owns 163,680 shares of the company's stock, valued at $13,151,688. This represents a 38.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.86% of the stock is owned by insiders.

NRG Energy Stock Performance

Shares of NRG Energy stock traded up $1.76 during midday trading on Wednesday, hitting $95.49. The company had a trading volume of 1,835,267 shares, compared to its average volume of 3,209,989. The stock has a market cap of $19.34 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 1.35 and a beta of 1.12. NRG Energy, Inc. has a 12-month low of $47.60 and a 12-month high of $103.14. 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 company has a fifty day simple moving average of $92.83 and a 200 day simple moving average of $84.52.

NRG Energy Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Friday, November 1st. NRG Energy's dividend payout ratio (DPR) is presently 40.95%.

Analyst Upgrades and Downgrades

NRG has been the topic of several research reports. Guggenheim lifted their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. StockNews.com lowered NRG Energy from a "buy" rating to a "hold" rating in a research report on Monday, September 2nd. Citigroup upped their price objective on NRG Energy from $84.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Wells Fargo & Company lifted their target price on NRG Energy from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. Finally, BMO Capital Markets increased their price target on shares of NRG Energy from $94.00 to $100.00 and gave the company a "market perform" rating in a research report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, NRG Energy has a consensus rating of "Moderate Buy" and a consensus target price of $102.71.

About NRG Energy

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.