NRG Energy, Inc. (NYSE:NRG) Shares Purchased by Qsemble Capital Management LP

Qsemble Capital Management LP raised its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 128.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,012 shares of the utilities provider's stock after purchasing an additional 17,994 shares during the quarter. Qsemble Capital Management LP's holdings in NRG Energy were worth $2,916,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cetera Investment Advisers lifted its position in shares of NRG Energy by 104.5% during the 1st quarter. Cetera Investment Advisers now owns 73,865 shares of the utilities provider's stock valued at $5,000,000 after acquiring an additional 37,750 shares during the period. Assenagon Asset Management S.A. raised its position in shares of NRG Energy by 65.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider's stock worth $124,318,000 after purchasing an additional 633,765 shares during the last quarter. Friedenthal Financial acquired a new position in shares of NRG Energy during the 2nd quarter worth approximately $746,000. Bank of Hawaii raised its position in shares of 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 during the last quarter. Finally, NatWest Group plc raised its position in shares of NRG Energy by 9.1% during the 3rd quarter. NatWest Group plc now owns 79,202 shares of the utilities provider's stock worth $7,215,000 after purchasing an additional 6,618 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Rasesh M. Patel sold 102,603 shares of the company's stock in a transaction on 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 sale, the insider now directly owns 163,680 shares of the company's stock, valued at approximately $13,151,688. This represents a 38.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is owned by corporate insiders.

NRG Energy Trading Up 10.2 %

Shares of NYSE NRG traded up $9.33 during trading on Tuesday, hitting $101.20. 4,644,240 shares of the company traded hands, compared to its average volume of 3,264,201. NRG Energy, Inc. has a 1 year low of $45.46 and a 1 year high of $102.84. The company has a 50-day moving average price of $90.28 and a 200-day moving average price of $83.25. The firm has a market capitalization of $20.50 billion, a P/E ratio of 25.42, a P/E/G ratio of 1.39 and a beta of 1.10. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors 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 dividend on an annualized basis and a yield of 1.61%. NRG Energy's dividend payout ratio (DPR) is 40.95%.

Wall Street Analyst Weigh In

NRG has been the subject of several research reports. BMO Capital Markets lifted their price objective on NRG Energy from $94.00 to $100.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 19th. StockNews.com downgraded NRG Energy from a "buy" rating to a "hold" rating in a research report on Monday, September 2nd. Guggenheim lifted their price objective on NRG Energy from $77.00 to $118.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Jefferies Financial Group upgraded NRG Energy from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $93.00 to $113.00 in a research report on Tuesday. Finally, Wells Fargo & Company boosted their price target on NRG Energy from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, NRG Energy presently has an average rating of "Moderate Buy" and a consensus target price of $102.71.

NRG Energy Company 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.