Quantbot Technologies LP Has $2.07 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Quantbot Technologies LP reduced its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 44.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,749 shares of the utilities provider's stock after selling 18,215 shares during the quarter. Quantbot Technologies LP's holdings in NRG Energy were worth $2,072,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cetera Investment Advisers raised its holdings in NRG Energy by 104.5% during the 1st quarter. Cetera Investment Advisers now owns 73,865 shares of the utilities provider's stock worth $5,000,000 after buying an additional 37,750 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of NRG Energy by 65.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider's stock valued at $124,318,000 after acquiring an additional 633,765 shares during the period. Friedenthal Financial purchased a new stake in shares of NRG Energy in the 2nd quarter valued at approximately $746,000. Bank of Hawaii grew its position in NRG Energy by 95.5% during the 3rd quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider's stock worth $1,429,000 after purchasing an additional 7,662 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in shares of NRG Energy by 169.3% during the third quarter. Intech Investment Management LLC now owns 263,904 shares of the utilities provider's stock valued at $24,042,000 after buying an additional 165,912 shares in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NRG Energy

In other news, insider Rasesh M. Patel sold 102,603 shares of the business'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 transaction, 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 document filed with the SEC, which can be accessed through the SEC website. 0.86% of the stock is currently owned by corporate insiders.

NRG Energy Stock Performance

NRG Energy stock traded up $2.72 on Friday, reaching $101.61. 1,647,389 shares of the stock were exchanged, compared to its average volume of 3,251,974. The stock has a market cap of $20.58 billion, a PE ratio of 25.70, a PEG ratio of 1.35 and a beta of 1.10. The firm has a fifty day moving average price of $91.36 and a two-hundred day moving average price of $83.59. NRG Energy, Inc. has a twelve month low of $46.74 and a twelve month high of $103.14. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders 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 dividend yield of 1.60%. NRG Energy's dividend payout ratio is 40.95%.

Analysts Set New Price Targets

A number of brokerages have issued reports on NRG. BMO Capital Markets lifted their target price on shares of NRG Energy from $94.00 to $100.00 and gave the company a "market perform" rating in a research note on Tuesday, November 19th. StockNews.com cut NRG Energy from a "buy" rating to a "hold" rating in a research report on Monday, September 2nd. Citigroup raised their price target on NRG Energy from $84.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Jefferies Financial Group raised NRG Energy from a "hold" rating to a "buy" rating and boosted their price target for the company from $93.00 to $113.00 in a research note on Tuesday. Finally, Guggenheim increased their price objective on NRG Energy from $77.00 to $118.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock 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.