Vinva Investment Management Ltd Raises Holdings in NRG Energy, Inc. (NYSE:NRG)

Vinva Investment Management Ltd raised its holdings in NRG Energy, Inc. (NYSE:NRG) by 1,176.1% during the third quarter, Holdings Channel.com reports. The firm 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 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in shares of NRG Energy during the third quarter worth about $26,000. Covestor Ltd lifted its holdings in NRG Energy by 74.7% during the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after buying an additional 139 shares in the last quarter. Rothschild Investment LLC acquired a new stake in NRG Energy during the 2nd quarter worth approximately $32,000. First Horizon Advisors Inc. grew its stake in shares of NRG Energy by 76.1% in the second quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 191 shares in the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of NRG Energy during the third quarter worth $35,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insider Buying and Selling

In other news, insider Rasesh M. Patel sold 102,603 shares of NRG Energy stock in a transaction dated 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 of the company’s stock, valued at $13,151,688. The trade was a 38.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.86% of the stock is currently owned by company insiders.

NRG Energy Stock Down 2.2 %

Shares of NYSE:NRG opened at $98.89 on Friday. 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 capitalization of $20.03 billion, a P/E ratio of 24.85, a P/E/G ratio of 1.35 and a beta of 1.10. NRG Energy, Inc. has a 52-week low of $46.23 and a 52-week high of $102.84. The stock’s fifty day simple moving average is $91.02 and its 200-day simple moving average is $83.48.

NRG Energy Announces Dividend

The firm also recently announced 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 was Friday, November 1st. This represents a $1.63 annualized dividend and a yield of 1.65%. NRG Energy’s payout ratio is currently 40.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. BMO Capital Markets increased their price target on NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. 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 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 report on Tuesday. Guggenheim raised their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Citigroup boosted their target price on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $102.71.

NRG Energy Company 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.