NRG Energy, Inc. (NYSE:NRG) Shares Bought by Vinva Investment Management Ltd

Vinva Investment Management Ltd increased its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 1,176.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,300 shares of the utilities provider's stock after purchasing an additional 41,750 shares during the period. Vinva Investment Management Ltd's holdings in NRG Energy were worth $4,132,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of NRG. B. Riley Wealth Advisors Inc. boosted its stake in NRG Energy by 24.1% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 22,761 shares of the utilities provider's stock worth $1,541,000 after purchasing an additional 4,421 shares in the last quarter. Tidal Investments LLC raised its position in NRG Energy by 35.6% during the 1st quarter. Tidal Investments LLC now owns 29,321 shares of the utilities provider's stock worth $1,985,000 after buying an additional 7,705 shares during the last quarter. Virtu Financial LLC purchased a new position in NRG Energy during the 1st quarter worth approximately $349,000. Cetera Investment Advisers raised its position in NRG Energy by 104.5% during the 1st quarter. Cetera Investment Advisers now owns 73,865 shares of the utilities provider's stock worth $5,000,000 after buying an additional 37,750 shares during the last quarter. Finally, Cetera Advisors LLC raised its position in NRG Energy by 106.9% during the 1st quarter. Cetera Advisors LLC now owns 14,908 shares of the utilities provider's stock worth $1,009,000 after buying an additional 7,704 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. BMO Capital Markets raised their price target on shares of 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 shares of NRG Energy from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. Jefferies Financial Group raised shares of 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. StockNews.com lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Monday, September 2nd. Finally, Citigroup raised their price target on shares of NRG Energy from $84.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $102.71.

NRG Energy Stock Performance

Shares of NYSE:NRG traded up $2.72 during trading on Friday, hitting $101.61. 1,644,197 shares of the stock traded hands, compared to its average volume of 3,251,974. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The company has a market cap of $20.58 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 1.35 and a beta of 1.10. The company has a fifty day moving average price of $91.36 and a two-hundred day moving average price of $83.59. NRG Energy, Inc. has a 52-week low of $46.74 and a 52-week high of $103.14.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.4075 dividend. This represents a $1.63 annualized dividend and a yield of 1.60%. The ex-dividend date was Friday, November 1st. NRG Energy's payout ratio is presently 40.95%.

Insider Buying and Selling

In related news, insider Rasesh M. Patel sold 102,603 shares of the business's stock in a transaction 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 sale, the insider now owns 163,680 shares of the company's stock, valued at approximately $13,151,688. The trade was a 38.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.86% of the stock is owned by insiders.

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.