Strategy Asset Managers LLC Takes $1.07 Million Position in NRG Energy, Inc. (NYSE:NRG)

Strategy Asset Managers LLC purchased a new position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,784 shares of the utilities provider's stock, valued at approximately $1,074,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quadrature Capital Ltd grew its position in shares of NRG Energy by 148.6% during the 1st quarter. Quadrature Capital Ltd now owns 21,814 shares of the utilities provider's stock worth $1,477,000 after buying an additional 13,040 shares during the period. Cetera Investment Advisers grew its stake in NRG Energy by 104.5% in the first 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. increased its holdings in shares of NRG Energy by 65.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider's stock worth $124,318,000 after acquiring an additional 633,765 shares in the last quarter. Friedenthal Financial acquired a new stake in shares of NRG Energy during the second quarter worth about $746,000. Finally, NatWest Group plc lifted its holdings 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 valued at $7,215,000 after purchasing an additional 6,618 shares in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NRG. Jefferies Financial Group began coverage on shares of NRG Energy in a report on Friday, September 13th. They issued a "hold" rating and a $82.00 price target for the company. Wells Fargo & Company increased their target price on shares of NRG Energy from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, November 11th. Guggenheim increased their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. StockNews.com downgraded NRG Energy from a "buy" rating to a "hold" rating in a research report on Monday, September 2nd. Finally, BMO Capital Markets raised their price target on NRG Energy from $94.00 to $100.00 and gave the company a "market perform" rating in a research note on Tuesday. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $98.29.

Insider Buying and Selling

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the company's stock in a transaction that occurred 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 in the company, valued at approximately $13,151,688. This represents a 38.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.86% of the stock is owned by corporate insiders.

NRG Energy Stock Performance

Shares of NRG Energy stock traded down $0.76 on Wednesday, hitting $94.10. The stock had a trading volume of 812,990 shares, compared to its average volume of 3,258,449. The business's 50 day moving average is $89.14 and its two-hundred day moving average is $82.76. The stock has a market cap of $19.06 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 1.34 and a beta of 1.10. NRG Energy, Inc. has a twelve month low of $44.90 and a twelve month high of $102.84. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.4075 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.63 annualized dividend and a dividend yield of 1.73%. NRG Energy's payout ratio is 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.