Tidal Investments LLC Buys 25,733 Shares of NRG Energy, Inc. (NYSE:NRG)

Tidal Investments LLC raised its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 72.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,324 shares of the utilities provider’s stock after buying an additional 25,733 shares during the quarter. Tidal Investments LLC’s holdings in NRG Energy were worth $5,587,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in shares of NRG Energy during the third quarter worth $26,000. Covestor Ltd increased its holdings in shares of NRG Energy by 74.7% in the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 139 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of NRG Energy during the third quarter worth about $35,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in NRG Energy during the 3rd quarter worth approximately $36,000. Finally, Rothschild Investment LLC acquired a new stake in NRG Energy during the 2nd quarter worth approximately $32,000. 97.72% of the stock is owned by institutional investors.

NRG Energy Price Performance

NYSE:NRG opened at $94.98 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 firm has a market capitalization of $19.24 billion, a price-to-earnings ratio of 23.86, a P/E/G ratio of 1.30 and a beta of 1.12. NRG Energy, Inc. has a 12-month low of $47.88 and a 12-month high of $103.14. The stock’s 50 day moving average price is $92.91 and its two-hundred day moving average price is $84.73.

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 given a dividend of $0.4075 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a yield of 1.72%. NRG Energy’s dividend payout ratio (DPR) is 40.95%.

Wall Street Analysts Forecast Growth

NRG has been the subject of several research analyst reports. Wells Fargo & Company increased their price objective on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research 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. Citigroup lifted their target price on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. BMO Capital Markets upped their price target on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 19th. Finally, Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, NRG Energy has a consensus rating of “Moderate Buy” and an average price target of $102.71.

About NRG Energy

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.