NatWest Group plc Has $7.22 Million Holdings in NRG Energy, Inc. (NYSE:NRG)

NatWest Group plc grew its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 9.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 79,202 shares of the utilities provider's stock after purchasing an additional 6,618 shares during the quarter. NRG Energy comprises approximately 2.1% of NatWest Group plc's holdings, making the stock its 23rd largest holding. NatWest Group plc's holdings in NRG Energy were worth $7,215,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Rothschild Investment LLC bought a new stake in shares of NRG Energy in the 2nd quarter valued at $32,000. Mather Group LLC. bought a new stake in shares of NRG Energy in the 1st quarter valued at $33,000. First Horizon Advisors Inc. increased its position in shares of NRG Energy by 76.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider's stock valued at $34,000 after buying an additional 191 shares in the last quarter. Crewe Advisors LLC bought a new stake in shares of NRG Energy in the 1st quarter valued at $36,000. Finally, Innealta Capital LLC bought a new stake in shares of NRG Energy in the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 97.72% of the company's stock.

NRG Energy Stock Up 0.4 %

Shares of NYSE NRG traded up $0.33 during mid-day trading on Friday, hitting $86.33. The company had a trading volume of 2,055,526 shares, compared to its average volume of 3,317,788. The company has a market capitalization of $18.00 billion, a PE ratio of 12.23 and a beta of 1.10. The firm has a 50-day simple moving average of $85.10 and a two-hundred day simple moving average of $79.89. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 3.51. NRG Energy, Inc. has a one year low of $40.10 and a one year high of $96.40.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The utilities provider reported $3.37 earnings per share for the quarter, beating the consensus estimate of $1.55 by $1.82. The company had revenue of $6.66 billion during the quarter, compared to analysts' expectations of $8.32 billion. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. NRG Energy's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 EPS. On average, equities analysts expect that NRG Energy, Inc. will post 5.51 EPS for the current year.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a $0.4075 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.63 annualized dividend and a yield of 1.89%. NRG Energy's dividend payout ratio (DPR) is currently 23.09%.

Analyst Ratings Changes

NRG has been the subject of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of NRG Energy in a research report on Friday, September 13th. They issued a "hold" rating and a $82.00 price objective for the company. Guggenheim increased their target price on NRG Energy from $77.00 to $118.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. BMO Capital Markets increased their target price on NRG Energy from $88.00 to $90.00 and gave the stock a "market perform" rating in a report on Monday, September 30th. Wells Fargo & Company increased their target price on NRG Energy from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, September 5th. Finally, StockNews.com cut NRG Energy from a "buy" rating to a "hold" rating in a report on Monday, September 2nd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $83.25.

Insider Activity at NRG Energy

In related news, insider Rasesh M. Patel sold 102,603 shares of the firm's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $80.35, for a total value of $8,244,151.05. Following the completion of the sale, the insider now directly owns 163,680 shares in the company, valued at approximately $13,151,688. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.86% of the stock is currently owned by company insiders.

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.