Intech Investment Management LLC raised its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 169.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 263,904 shares of the utilities provider's stock after buying an additional 165,912 shares during the period. Intech Investment Management LLC owned about 0.13% of NRG Energy worth $24,042,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ashton Thomas Securities LLC acquired a new position in shares of NRG Energy during the third quarter worth $26,000. Covestor Ltd lifted its position in shares of NRG Energy by 74.7% during the third quarter. Covestor Ltd now owns 325 shares of the utilities provider's stock worth $30,000 after purchasing an additional 139 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of NRG Energy during the second quarter worth $32,000. First Horizon Advisors Inc. lifted its position in shares of NRG Energy by 76.1% during the second quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider's stock worth $34,000 after purchasing an additional 191 shares in the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of NRG Energy during the third quarter worth $35,000. 97.72% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on NRG. Wells Fargo & Company boosted their target price 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 assumed coverage on shares of NRG Energy in a report on Friday, September 13th. They issued a "hold" rating and a $82.00 price target on the stock. Guggenheim upped 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. StockNews.com cut shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Monday, September 2nd. Finally, Citigroup upped their price target on shares of NRG Energy from $84.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $98.29.
Read Our Latest Stock Report on NRG Energy
NRG Energy Stock Down 0.4 %
NRG stock opened at $94.52 on Thursday. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. NRG Energy, Inc. has a 1-year low of $44.90 and a 1-year high of $102.84. The firm has a fifty day moving average price of $89.43 and a two-hundred day moving average price of $82.84. The firm has a market cap of $19.15 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 1.38 and a beta of 1.10.
NRG Energy Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.4075 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.63 annualized dividend and a dividend yield of 1.72%. NRG Energy's dividend payout ratio is currently 40.95%.
Insider Transactions at NRG Energy
In other news, insider Rasesh M. Patel sold 102,603 shares of the company's stock in a transaction dated Friday, September 13th. The shares were 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 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.86% of the company's stock.
About NRG Energy
(
Free Report)
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.
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