Pine Valley Investments Ltd Liability Co Has $4.56 Million Holdings in NRG Energy, Inc. (NYSE:NRG)

Pine Valley Investments Ltd Liability Co boosted its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 25.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,027 shares of the utilities provider's stock after purchasing an additional 10,031 shares during the quarter. Pine Valley Investments Ltd Liability Co's holdings in NRG Energy were worth $4,557,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in NRG. Fulcrum Equity Management bought a new stake in NRG Energy in the third quarter valued at approximately $274,000. McIlrath & Eck LLC grew its holdings in shares of NRG Energy by 4.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider's stock valued at $240,000 after buying an additional 113 shares during the period. Fortem Financial Group LLC increased its position in shares of NRG Energy by 4.8% in the 3rd quarter. Fortem Financial Group LLC now owns 13,803 shares of the utilities provider's stock valued at $1,257,000 after buying an additional 638 shares in the last quarter. Arete Wealth Advisors LLC bought a new stake in shares of NRG Energy in the 3rd quarter valued at $259,000. Finally, Sunbelt Securities Inc. acquired a new stake in NRG Energy during the 3rd quarter worth $129,000. Institutional investors and hedge funds own 97.72% of the company's stock.

Insider Transactions at NRG Energy

In related news, insider Rasesh M. Patel sold 102,603 shares of the firm's stock in a transaction on 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 transaction, the insider now directly owns 163,680 shares of the company's stock, valued at approximately $13,151,688. This trade represents a 38.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.86% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on NRG shares. Guggenheim boosted their target price on NRG Energy from $77.00 to $118.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Jefferies Financial Group raised NRG Energy from a "hold" rating to a "buy" rating and increased their target price for the stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. StockNews.com lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Monday, September 2nd. Wells Fargo & Company upped their price target on shares of NRG Energy from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Monday, November 11th. Finally, Citigroup raised their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $102.71.

NRG Energy Stock Down 0.4 %

Shares of NYSE NRG traded down $0.34 during midday trading on Thursday, reaching $95.14. The company's stock had a trading volume of 1,783,485 shares, compared to its average volume of 3,204,088. NRG Energy, Inc. has a fifty-two week low of $47.88 and a fifty-two week high of $103.14. The stock has a 50 day simple moving average of $92.89 and a 200-day simple moving average of $84.59. The stock has a market capitalization of $19.27 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 1.35 and a beta of 1.12. 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 declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 yield of 1.71%. NRG Energy's dividend payout ratio (DPR) is presently 40.95%.

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.