Atom Investors LP Acquires New Shares in NRG Energy, Inc. (NYSE:NRG)

Atom Investors LP bought a new position in shares of NRG Energy, Inc. (NYSE:NRG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,878 shares of the utilities provider’s stock, valued at approximately $1,173,000.

Several other institutional investors also recently bought and sold shares of the stock. Banco Santander S.A. increased its holdings in shares of NRG Energy by 0.9% during 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 during the last quarter. Assenagon Asset Management S.A. grew its holdings in NRG Energy by 65.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock valued at $124,318,000 after purchasing an additional 633,765 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in NRG Energy by 52.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,330,706 shares of the utilities provider’s stock valued at $121,227,000 after purchasing an additional 456,573 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of NRG Energy by 32,962.3% in 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 buying an additional 1,049,521 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of NRG Energy by 8.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,041,153 shares of the utilities provider’s stock worth $94,849,000 after buying an additional 82,919 shares during the period. 97.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and lifted their target price for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Citigroup boosted their price objective on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Wells Fargo & Company raised their target price on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, November 11th. StockNews.com lowered NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Finally, 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 research report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $102.71.

Insider Activity

In related news, insider Rasesh M. Patel sold 102,603 shares of the business’s stock in a transaction on 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 sale, the insider now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is owned by company insiders.

NRG Energy Stock Performance

NRG opened at $99.11 on Wednesday. The stock has a market cap of $20.08 billion, a PE ratio of 24.90, a P/E/G ratio of 1.35 and a beta of 1.12. NRG Energy, Inc. has a 1 year low of $47.22 and a 1 year high of $103.14. The stock’s 50 day simple moving average is $91.88 and its 200-day simple moving average is $83.84. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57.

NRG Energy Dividend Announcement

The firm also recently disclosed 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. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Friday, November 1st. NRG Energy’s payout ratio is 40.95%.

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.