Oddo BHF Asset Management Sas Acquires New Position in NRG Energy, Inc. (NYSE:NRG)

Oddo BHF Asset Management Sas purchased a new stake in NRG Energy, Inc. (NYSE:NRG - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,628 shares of the utilities provider's stock, valued at approximately $513,000.

Other large investors have also recently added to or reduced their stakes in the company. Banco Santander S.A. bought a new stake in shares of NRG Energy during the second quarter worth approximately $217,671,000. Los Angeles Capital Management LLC raised its position in shares of NRG Energy by 32,962.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider's stock valued at $95,901,000 after acquiring an additional 1,049,521 shares during the last quarter. Fred Alger Management LLC acquired a new position in shares of NRG Energy in the 2nd quarter valued at $53,773,000. Bridgewater Associates LP boosted its position in shares of NRG Energy by 352.9% in the 3rd quarter. Bridgewater Associates LP now owns 804,801 shares of the utilities provider's stock worth $73,317,000 after purchasing an additional 627,121 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of NRG Energy during the second quarter worth $43,134,000. 97.72% of the stock is owned by institutional investors.

NRG Energy Stock Down 0.2 %

Shares of NYSE:NRG traded down $0.16 during trading on Friday, reaching $94.98. 1,432,026 shares of the stock were exchanged, compared to its average volume of 3,196,734. The stock has a fifty day moving average of $92.91 and a two-hundred day moving average of $84.74. NRG Energy, Inc. has a 1-year low of $47.88 and a 1-year high of $103.14. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The firm has a market cap of $19.24 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 1.30 and a beta of 1.12.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $0.4075 dividend. The ex-dividend date 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%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Jefferies Financial Group upgraded shares of NRG Energy from a "hold" rating to a "buy" rating and boosted their price objective for the company from $93.00 to $113.00 in a report on Tuesday, November 26th. StockNews.com downgraded NRG Energy from a "buy" rating to a "hold" rating in a research note on Monday, September 2nd. BMO Capital Markets lifted their target price on NRG Energy from $94.00 to $100.00 and gave the stock a "market perform" rating in a report on Tuesday, November 19th. Citigroup increased their price target on NRG Energy from $84.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company increased their target price on NRG Energy from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $102.71.

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.