8,744 Shares in NRG Energy, Inc. (NYSE:NRG) Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB bought a new position in NRG Energy, Inc. (NYSE:NRG - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 8,744 shares of the utilities provider's stock, valued at approximately $797,000.

Several other institutional investors and hedge funds have also made changes to their positions in NRG. Ashton Thomas Securities LLC acquired a new stake in shares of NRG Energy in the third quarter worth $26,000. Covestor Ltd boosted its stake in shares of NRG Energy by 74.7% in the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider's stock valued at $30,000 after buying an additional 139 shares during the period. Rothschild Investment LLC purchased a new position in shares of NRG Energy during the second quarter worth about $32,000. First Horizon Advisors Inc. lifted its stake in shares of NRG Energy by 76.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider's stock worth $34,000 after acquiring an additional 191 shares during the period. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of NRG Energy during the 3rd quarter worth approximately $35,000. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Price Performance

Shares of NRG Energy stock traded down $0.80 on Monday, reaching $94.18. The stock had a trading volume of 1,581,333 shares, compared to its average volume of 3,190,286. NRG Energy, Inc. has a 1 year low of $48.64 and a 1 year high of $103.14. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The company has a market cap of $19.08 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 1.30 and a beta of 1.12. The business's 50 day moving average is $92.91 and its two-hundred day moving average is $84.74.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.4075 per share. The ex-dividend date was Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a yield of 1.73%. NRG Energy's dividend payout ratio (DPR) is presently 40.95%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NRG shares. Guggenheim lifted 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. BMO Capital Markets boosted their target price on shares of NRG Energy from $94.00 to $100.00 and gave the stock a "market perform" rating in a report on Tuesday, November 19th. Citigroup lifted their target price on NRG Energy from $84.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. StockNews.com cut shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Monday, September 2nd. Finally, Wells Fargo & Company increased their price objective on NRG Energy from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $102.71.

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.