Tidal Investments LLC Buys 25,733 Shares of NRG Energy, Inc. (NYSE:NRG)

Tidal Investments LLC grew its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 72.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 61,324 shares of the utilities provider's stock after acquiring an additional 25,733 shares during the period. Tidal Investments LLC's holdings in NRG Energy were worth $5,587,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in NRG Energy in the third quarter worth $797,000. World Investment Advisors LLC purchased a new stake in shares of NRG Energy in the third quarter worth $254,000. Sanctuary Advisors LLC increased its holdings in shares of NRG Energy by 529.5% during the third quarter. Sanctuary Advisors LLC now owns 96,855 shares of the utilities provider's stock valued at $9,248,000 after acquiring an additional 81,468 shares in the last quarter. Pine Valley Investments Ltd Liability Co raised its position in shares of NRG Energy by 25.1% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider's stock worth $4,557,000 after purchasing an additional 10,031 shares during the last quarter. Finally, Fulcrum Equity Management bought a new position in NRG Energy in the 3rd quarter worth about $274,000. Institutional investors own 97.72% of the company's stock.

Analysts Set New Price Targets

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

NRG Energy Stock Performance

Shares of NRG traded down $0.16 during trading hours on Friday, hitting $94.98. The stock had a trading volume of 1,432,026 shares, compared to its average volume of 3,196,734. The firm has a market capitalization of $19.24 billion, a PE ratio of 23.86, a PEG ratio of 1.30 and a beta of 1.12. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. NRG Energy, Inc. has a 12 month low of $47.88 and a 12 month high of $103.14. The stock has a fifty day moving average price of $92.91 and a 200 day moving average price of $84.73.

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid 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 dividend yield of 1.72%. NRG Energy's dividend payout ratio is currently 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.