NRG Energy, Inc. (NYSE:NRG) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp increased its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 47.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 56,330 shares of the utilities provider's stock after acquiring an additional 18,211 shares during the period. Stifel Financial Corp's holdings in NRG Energy were worth $5,132,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC acquired a new position in NRG Energy in the third quarter valued at approximately $26,000. Covestor Ltd raised its stake in NRG Energy by 74.7% in the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 139 shares during the last quarter. Rothschild Investment LLC acquired a new stake in shares of NRG Energy in the second quarter worth approximately $32,000. First Horizon Advisors Inc. lifted its position in NRG Energy by 76.1% during the second 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. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of NRG Energy in the third quarter valued at $35,000. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Price Performance

NRG traded down $0.16 during trading hours on Friday, hitting $94.98. The company's stock had a trading volume of 1,432,026 shares, compared to its average volume of 3,196,734. 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, Inc. has a 12 month low of $47.88 and a 12 month high of $103.14. The business's 50-day moving average price is $92.91 and its 200-day moving average price is $84.74. The stock has a market cap of $19.24 billion, a price-to-earnings ratio of 23.86, a P/E/G ratio of 1.30 and a beta of 1.12.

NRG Energy Announces Dividend

The firm also recently announced 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. This represents a $1.63 annualized dividend and a yield of 1.72%. The ex-dividend date was Friday, November 1st. NRG Energy's dividend payout ratio is currently 40.95%.

Analyst Ratings Changes

NRG has been the topic of several recent research reports. BMO Capital Markets lifted their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the company a "market perform" rating in a research report on Tuesday, November 19th. StockNews.com lowered NRG Energy from a "buy" rating to a "hold" rating in a research note on Monday, September 2nd. Citigroup boosted their price target on shares of 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 upgraded NRG Energy from a "hold" rating to a "buy" rating and boosted their target price for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Finally, Guggenheim upped their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.