Quadrature Capital Ltd Cuts Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Quadrature Capital Ltd trimmed its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 90.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,020 shares of the utilities provider’s stock after selling 142,534 shares during the quarter. Quadrature Capital Ltd’s holdings in NRG Energy were worth $1,368,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its position in shares of 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 worth $124,318,000 after acquiring an additional 633,765 shares in the last quarter. Bank of Hawaii raised its holdings in NRG Energy by 95.5% in the third quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider’s stock worth $1,429,000 after purchasing an additional 7,662 shares in the last quarter. Friedenthal Financial purchased a new stake in shares of NRG Energy during the second quarter valued at about $746,000. DRW Securities LLC boosted its holdings in shares of NRG Energy by 181.5% in the 3rd quarter. DRW Securities LLC now owns 11,913 shares of the utilities provider’s stock valued at $1,085,000 after buying an additional 7,681 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of NRG Energy by 17.7% in the 3rd quarter. Principal Financial Group Inc. now owns 458,811 shares of the utilities provider’s stock worth $41,800,000 after buying an additional 69,047 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Down 2.0 %

NYSE:NRG opened at $99.27 on Friday. The firm has a market capitalization of $20.11 billion, a P/E ratio of 24.94, a PEG ratio of 1.37 and a beta of 1.12. The company’s fifty day moving average price is $92.71 and its 200-day moving average price is $84.32. 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 current ratio of 1.17 and a quick ratio of 1.10.

NRG Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

NRG has been the topic of several analyst reports. Citigroup lifted their price target on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Wells Fargo & Company boosted their target price on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Guggenheim upped 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, BMO Capital Markets lifted 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 note on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $102.71.

Insider Transactions at NRG Energy

In other news, insider Rasesh M. Patel sold 102,603 shares of NRG Energy stock in a transaction that occurred 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 directly owns 163,680 shares of the company’s stock, valued at $13,151,688. The trade was a 38.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.86% of the company’s stock.

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.