NRG Energy, Inc. (NYSE:NRG) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lessened its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 59.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,954 shares of the utilities provider's stock after selling 22,246 shares during the period. Y Intercept Hong Kong Ltd's holdings in NRG Energy were worth $1,362,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Banco Santander S.A. grew its position in NRG Energy by 0.9% in the 3rd quarter. Banco Santander S.A. now owns 2,820,500 shares of the utilities provider's stock valued at $256,948,000 after acquiring an additional 24,834 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in NRG Energy by 7.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,663,441 shares of the utilities provider's stock worth $242,639,000 after buying an additional 182,481 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in 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 buying an additional 633,765 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of NRG Energy by 52.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,330,706 shares of the utilities provider's stock worth $121,227,000 after acquiring an additional 456,573 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its position in shares of 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 acquiring an additional 1,049,521 shares during the period. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Price Performance

NYSE NRG traded down $0.34 during mid-day trading on Thursday, hitting $95.14. The stock had a trading volume of 1,783,485 shares, compared to its average volume of 3,204,046. The company has a 50 day simple moving average of $92.89 and a 200 day simple moving average of $84.59. The company has a market cap of $19.27 billion, a price-to-earnings ratio of 23.99, a P/E/G ratio of 1.35 and a beta of 1.12. NRG Energy, Inc. has a 52-week low of $47.88 and a 52-week high of $103.14. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57.

NRG Energy Dividend Announcement

The company 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. The ex-dividend date was Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.71%. NRG Energy's dividend payout ratio (DPR) is presently 40.95%.

Insider Activity

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of NRG Energy 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 transaction, the insider now owns 163,680 shares in the company, valued at $13,151,688. This trade represents a 38.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.86% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on NRG. Citigroup lifted their price objective 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 downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Monday, September 2nd. Jefferies Financial Group raised shares of NRG Energy from a "hold" rating to a "buy" rating and increased their price objective for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. BMO Capital Markets lifted their price objective 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. Finally, Wells Fargo & Company lifted their price target on NRG Energy from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, November 11th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.