Commerce Bank Grows Stake in NRG Energy, Inc. (NYSE:NRG)

Commerce Bank boosted its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 526.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,513 shares of the utilities provider's stock after acquiring an additional 33,207 shares during the quarter. Commerce Bank's holdings in NRG Energy were worth $3,600,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NRG. Ashton Thomas Securities LLC purchased a new stake in shares of NRG Energy during the 3rd quarter valued at about $26,000. Covestor Ltd grew its position in 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 buying an additional 139 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in NRG Energy during the third quarter valued at approximately $35,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in NRG Energy in the third quarter worth approximately $36,000. Finally, Rothschild Investment LLC purchased a new position in shares of NRG Energy during the 2nd quarter worth $32,000. Institutional investors own 97.72% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on NRG. Guggenheim upped their price objective on NRG Energy from $77.00 to $118.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. Jefferies Financial Group initiated coverage on NRG Energy in a research note on Friday, September 13th. They issued a "hold" rating and a $82.00 price objective on the stock. Wells Fargo & Company boosted their price objective on NRG Energy from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. Citigroup raised their target price 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. Finally, StockNews.com lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Monday, September 2nd. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, NRG Energy presently has an average rating of "Hold" and a consensus target price of $98.29.

NRG Energy Price Performance

NRG stock traded down $1.41 during midday trading on Friday, hitting $95.48. The company's stock had a trading volume of 1,800,945 shares, compared to its average volume of 2,758,329. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a 12 month low of $45.29 and a 12 month high of $102.84. The company has a 50 day moving average of $90.06 and a two-hundred day moving average of $83.13. The firm has a market capitalization of $19.34 billion, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 1.71%. The ex-dividend date of this dividend was Friday, November 1st. NRG Energy's dividend payout ratio (DPR) is presently 40.95%.

Insider Activity

In other 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 transaction of $8,244,151.05. Following the completion of the transaction, the insider now directly owns 163,680 shares in the company, valued at approximately $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 can be accessed through the SEC website. Company insiders own 0.86% of the company's stock.

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.