Zurcher Kantonalbank Zurich Cantonalbank Has $8.67 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 16.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,182 shares of the utilities provider's stock after selling 18,524 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in NRG Energy were worth $8,671,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of NRG. Ashton Thomas Securities LLC acquired a new stake in NRG Energy in the 3rd quarter valued at approximately $26,000. Covestor Ltd raised its stake in shares of NRG Energy by 74.7% during the third quarter. Covestor Ltd now owns 325 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 139 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in NRG Energy in the third quarter worth about $35,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in NRG Energy in the 3rd quarter valued at about $36,000. Finally, Rothschild Investment LLC acquired a new position in NRG Energy during the 2nd quarter valued at about $32,000. Institutional investors and hedge funds own 97.72% of the company's stock.

Insider Activity

In other news, insider Rasesh M. Patel sold 102,603 shares of NRG Energy stock in a transaction on Friday, September 13th. The stock was sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the transaction, the insider now owns 163,680 shares in the company, valued at approximately $13,151,688. The trade was a 38.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.86% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NRG has been the subject of a number of research analyst reports. Citigroup increased their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Guggenheim increased their price target on 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 lifted their price target on NRG Energy from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, November 11th. BMO Capital Markets upped their price objective on NRG Energy from $94.00 to $100.00 and gave the company a "market perform" rating in a report on Tuesday, November 19th. Finally, Jefferies Financial Group upgraded shares of NRG Energy from a "hold" rating to a "buy" rating and boosted their price target for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $102.71.

NRG Energy Trading Down 2.2 %

Shares of NYSE:NRG traded down $2.21 during midday trading on Monday, reaching $99.40. The company had a trading volume of 2,114,708 shares, compared to its average volume of 3,247,072. The company has a fifty day simple moving average of $91.65 and a two-hundred day simple moving average of $83.73. The firm has a market cap of $20.14 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 1.38 and a beta of 1.10. NRG Energy, Inc. has a 1-year low of $47.22 and a 1-year high of $103.14. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a $0.4075 dividend. This represents a $1.63 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Friday, November 1st. NRG Energy's dividend payout ratio (DPR) is currently 40.95%.

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.