UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Position in NRG Energy, Inc. (NYSE:NRG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 8.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,041,153 shares of the utilities provider's stock after acquiring an additional 82,919 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.51% of NRG Energy worth $94,849,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Banco Santander S.A. purchased a new stake in NRG Energy in the 2nd quarter valued at $217,671,000. Los Angeles Capital Management LLC grew its stake in shares of NRG Energy by 32,962.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider's stock worth $95,901,000 after acquiring an additional 1,049,521 shares during the period. Fred Alger Management LLC purchased a new stake in NRG Energy during the 2nd quarter worth about $53,773,000. Assenagon Asset Management S.A. raised its holdings in shares of NRG Energy by 65.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider's stock valued at $124,318,000 after acquiring an additional 633,765 shares in the last quarter. Finally, Bridgewater Associates LP raised its holdings in shares of NRG Energy by 352.9% during the 3rd quarter. Bridgewater Associates LP now owns 804,801 shares of the utilities provider's stock valued at $73,317,000 after buying an additional 627,121 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Stock Down 2.2 %

NRG stock traded down $2.21 on Monday, hitting $99.40. 2,114,708 shares of the company's stock were exchanged, compared to its average volume of 3,247,072. NRG Energy, Inc. has a 12-month low of $47.22 and a 12-month high of $103.14. The firm has a 50 day moving average price of $91.65 and a two-hundred day moving average price of $83.73. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The stock has a market cap of $20.14 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 1.38 and a beta of 1.10.

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 paid a $0.4075 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.63 annualized dividend and a dividend yield of 1.64%. NRG Energy's dividend payout ratio is presently 40.95%.

Insider Activity at NRG Energy

In related news, insider Rasesh M. Patel sold 102,603 shares of the company's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $80.35, for a total value of $8,244,151.05. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.86% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Guggenheim raised their price objective on NRG Energy from $77.00 to $118.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Jefferies Financial Group upgraded NRG Energy from a "hold" rating to a "buy" rating and raised their price target for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. BMO Capital Markets raised their price target 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. Wells Fargo & Company raised their price target on NRG Energy from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. Finally, StockNews.com lowered NRG Energy from a "buy" rating to a "hold" rating in a research report on Monday, September 2nd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $102.71.

About NRG Energy

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.