Swiss National Bank Has $56.37 Million Stake in NRG Energy, Inc. (NYSE:NRG)

Swiss National Bank trimmed its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 2.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 618,800 shares of the utilities provider's stock after selling 17,000 shares during the period. Swiss National Bank owned about 0.30% of NRG Energy worth $56,373,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NRG. Banco Santander S.A. purchased a new position in NRG Energy during the second quarter worth $217,671,000. Los Angeles Capital Management LLC increased its position in NRG Energy by 32,962.3% during the third quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider's stock worth $95,901,000 after buying an additional 1,049,521 shares in the last quarter. Zimmer Partners LP purchased a new position in NRG Energy during the first quarter worth $64,306,000. Fred Alger Management LLC purchased a new position in NRG Energy during the second quarter worth $53,773,000. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of NRG Energy by 65.8% during 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 purchasing an additional 633,765 shares during the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

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 dated 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 in the company, valued at $13,151,688. This represents a 38.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is currently owned by corporate insiders.

NRG Energy Price Performance

Shares of NYSE NRG traded down $0.34 during trading on Wednesday, hitting $94.52. The company had a trading volume of 1,856,411 shares, compared to its average volume of 3,263,086. The company has a market cap of $19.15 billion, a P/E ratio of 23.83, a PEG ratio of 1.34 and a beta of 1.10. NRG Energy, Inc. has a 52 week low of $44.90 and a 52 week high of $102.84. The business's 50-day moving average is $89.14 and its 200 day moving average is $82.76. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, November 1st. NRG Energy's dividend payout ratio is currently 40.95%.

Analyst Ratings Changes

NRG has been the topic of several analyst reports. BMO Capital Markets raised their price objective on NRG Energy from $94.00 to $100.00 and gave the stock a "market perform" rating in a report on Tuesday. Citigroup raised their price objective on NRG Energy from $84.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. StockNews.com lowered NRG Energy from a "buy" rating to a "hold" rating in a report on Monday, September 2nd. Wells Fargo & Company boosted their price objective on NRG Energy from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Monday, November 11th. Finally, Jefferies Financial Group initiated coverage on NRG Energy in a research note on Friday, September 13th. They issued a "hold" rating and a $82.00 target price for the company. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $98.29.

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.