NRG Energy, Inc. (NYSE:NRG) Stock Position Raised by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 529.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 96,855 shares of the utilities provider's stock after buying an additional 81,468 shares during the period. Sanctuary Advisors LLC's holdings in NRG Energy were worth $9,248,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NRG. Luxor Capital Group LP grew its stake in shares of NRG Energy by 47.8% in the 3rd quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider's stock valued at $47,426,000 after purchasing an additional 168,267 shares during the last quarter. Bank of Hawaii boosted its stake in shares of NRG Energy by 95.5% in the third quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider's stock valued at $1,429,000 after buying an additional 7,662 shares in the last quarter. Pine Valley Investments Ltd Liability Co boosted its stake in shares of NRG Energy by 25.1% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider's stock valued at $4,557,000 after buying an additional 10,031 shares in the last quarter. DRW Securities LLC boosted its stake in shares of NRG Energy by 181.5% in the third quarter. DRW Securities LLC now owns 11,913 shares of the utilities provider's stock valued at $1,085,000 after buying an additional 7,681 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of NRG Energy by 17.7% in the third quarter. Principal Financial Group Inc. now owns 458,811 shares of the utilities provider's stock valued at $41,800,000 after buying an additional 69,047 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

NRG Energy Trading Down 0.2 %

NRG stock traded down $0.16 during trading on Friday, reaching $94.98. 1,432,026 shares of the stock traded hands, compared to its average volume of 3,196,734. The business's 50 day moving average price is $92.91 and its 200-day moving average price is $84.74. NRG Energy, Inc. has a 52-week low of $47.88 and a 52-week high of $103.14. 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 has a market capitalization of $19.24 billion, a PE ratio of 23.86, a P/E/G ratio of 1.30 and a beta of 1.12.

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Friday, November 1st. NRG Energy's dividend payout ratio (DPR) is presently 40.95%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on NRG Energy from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. BMO Capital Markets boosted their target price on 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 downgraded NRG Energy from a "buy" rating to a "hold" rating in a research report on Monday, September 2nd. Jefferies Financial Group raised NRG Energy from a "hold" rating to a "buy" rating and boosted their price target for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Finally, Guggenheim boosted their price target on NRG Energy from $77.00 to $118.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, NRG Energy 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.