Bank of Hawaii Buys 7,662 Shares of NRG Energy, Inc. (NYSE:NRG)

Bank of Hawaii increased its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 95.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,685 shares of the utilities provider's stock after acquiring an additional 7,662 shares during the quarter. Bank of Hawaii's holdings in NRG Energy were worth $1,429,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NRG. Daiwa Securities Group Inc. increased its stake in NRG Energy by 21.8% during the third quarter. Daiwa Securities Group Inc. now owns 35,380 shares of the utilities provider's stock worth $3,223,000 after purchasing an additional 6,337 shares during the period. Pekin Hardy Strauss Inc. purchased a new position in shares of NRG Energy during the third quarter worth approximately $204,000. Summit Trail Advisors LLC raised its holdings in shares of NRG Energy by 99.4% in the third quarter. Summit Trail Advisors LLC now owns 7,744 shares of the utilities provider's stock valued at $705,000 after buying an additional 3,861 shares during the last quarter. Kingsview Wealth Management LLC purchased a new position in shares of NRG Energy in the 3rd quarter valued at approximately $2,514,000. Finally, Cerity Partners LLC raised its stake in shares of NRG Energy by 21.9% during the third quarter. Cerity Partners LLC now owns 26,398 shares of the utilities provider's stock worth $2,405,000 after purchasing an additional 4,749 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

NRG Energy Price Performance

Shares of NYSE:NRG traded down $2.14 during trading on Monday, reaching $93.34. The company had a trading volume of 674,082 shares, compared to its average volume of 3,241,876. NRG Energy, Inc. has a twelve month low of $45.46 and a twelve month high of $102.84. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The firm's fifty day moving average is $90.06 and its 200 day moving average is $83.18. The firm has a market capitalization of $18.91 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 1.39 and a beta of 1.10.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $0.4075 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.63 annualized dividend and a yield of 1.75%. NRG Energy's dividend payout ratio (DPR) is 40.95%.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the business's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the sale, the insider now owns 163,680 shares in the company, valued at approximately $13,151,688. The trade was a 38.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NRG. Citigroup upped their price objective on NRG Energy from $84.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. BMO Capital Markets upped their target price on shares of NRG Energy from $94.00 to $100.00 and gave the company a "market perform" rating in a report on Tuesday, November 19th. StockNews.com lowered NRG Energy from a "buy" rating to a "hold" rating in a research note on Monday, September 2nd. Jefferies Financial Group assumed coverage on shares of NRG Energy in a research report on Friday, September 13th. They set a "hold" rating and a $82.00 price target for the company. Finally, Guggenheim raised their price target 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. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $98.29.

NRG Energy 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.