Quarry LP Has $4.34 Million Holdings in NRG Energy, Inc. (NYSE:NRG)

Quarry LP raised its position in shares of NRG Energy, Inc. (NYSE:NRG) by 22.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 47,608 shares of the utilities provider’s stock after purchasing an additional 8,861 shares during the quarter. NRG Energy makes up approximately 1.1% of Quarry LP’s investment portfolio, making the stock its 11th largest holding. Quarry LP’s holdings in NRG Energy were worth $4,337,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NRG. Redwood Investment Management LLC grew its position in shares of NRG Energy by 4.0% during the 3rd quarter. Redwood Investment Management LLC now owns 18,486 shares of the utilities provider’s stock worth $1,686,000 after buying an additional 714 shares during the period. Investment Management Corp of Ontario grew its position in shares of NRG Energy by 43.6% during the 3rd quarter. Investment Management Corp of Ontario now owns 6,920 shares of the utilities provider’s stock worth $630,000 after buying an additional 2,100 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of 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 during the period. HighTower Advisors LLC grew its position in shares of NRG Energy by 39.4% during the 3rd quarter. HighTower Advisors LLC now owns 31,730 shares of the utilities provider’s stock worth $2,881,000 after buying an additional 8,960 shares during the period. Finally, Holocene Advisors LP grew its position in shares of NRG Energy by 150.4% during the 3rd quarter. Holocene Advisors LP now owns 476,103 shares of the utilities provider’s stock worth $43,373,000 after buying an additional 285,933 shares during the period. Institutional investors and hedge funds own 97.72% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on NRG. Guggenheim lifted their price target on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. BMO Capital Markets lifted their price target on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. Finally, Wells Fargo & Company lifted their price target on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Four investment 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 a consensus target price of $102.71.

Insider Buying and Selling at NRG Energy

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 sale, the insider now directly owns 163,680 shares in the company, 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 hyperlink. Company insiders own 0.86% of the company’s stock.

NRG Energy Price Performance

Shares of NYSE:NRG opened at $100.93 on Thursday. 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 stock’s fifty day simple moving average is $92.10 and its two-hundred day simple moving average is $83.96. NRG Energy, Inc. has a 1-year low of $47.22 and a 1-year high of $103.14. The stock has a market cap of $20.45 billion, a PE ratio of 25.36, a price-to-earnings-growth ratio of 1.35 and a beta of 1.12.

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 paid a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a yield of 1.61%. The ex-dividend date was Friday, November 1st. NRG Energy’s dividend payout ratio (DPR) is presently 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.