6,453 Shares in NRG Energy, Inc. (NYSE:NRG) Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. bought a new stake in NRG Energy, Inc. (NYSE:NRG) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 6,453 shares of the utilities provider’s stock, valued at approximately $588,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Castle Rock Wealth Management LLC increased its stake in NRG Energy by 3.5% during the 3rd quarter. Castle Rock Wealth Management LLC now owns 3,746 shares of the utilities provider’s stock worth $356,000 after buying an additional 126 shares during the period. Park Avenue Securities LLC grew its stake in shares of NRG Energy by 2.8% in the third quarter. Park Avenue Securities LLC now owns 4,910 shares of the utilities provider’s stock worth $447,000 after acquiring an additional 134 shares in the last quarter. Covestor Ltd increased its position in shares of NRG Energy by 74.7% during the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 139 shares during the period. Asahi Life Asset Management CO. LTD. raised its stake in shares of NRG Energy by 3.5% in the third quarter. Asahi Life Asset Management CO. LTD. now owns 4,420 shares of the utilities provider’s stock valued at $403,000 after acquiring an additional 150 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in NRG Energy by 76.1% in the second quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 191 shares during the period. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Trading Down 2.0 %

Shares of NRG Energy stock opened at $99.26 on Friday. 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 company has a fifty day simple moving average of $92.71 and a 200-day simple moving average of $84.33. The stock has a market cap of $20.11 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 1.37 and a beta of 1.12. NRG Energy, Inc. has a 12-month low of $47.22 and a 12-month high of $103.14.

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 $0.4075 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.63 annualized dividend and a yield of 1.64%. NRG Energy’s dividend payout ratio is presently 40.95%.

Insiders Place Their Bets

In related news, insider Rasesh M. Patel sold 102,603 shares of the company’s 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 completion of the sale, the insider now directly owns 163,680 shares of the company’s stock, valued at $13,151,688. This represents a 38.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NRG shares. Wells Fargo & Company increased 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. Citigroup raised their target price 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 boosted their price target on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Finally, Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and boosted their target price for the stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. Four investment 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 presently has a consensus rating of “Moderate Buy” and an average target price of $102.71.

NRG Energy 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.