475 Shares in NRG Energy, Inc. (NYSE:NRG) Acquired by RPg Family Wealth Advisory LLC

RPg Family Wealth Advisory LLC bought a new stake in shares of NRG Energy, Inc. (NYSE:NRG) in the third quarter, Holdings Channel.com reports. The fund bought 475 shares of the utilities provider’s stock, valued at approximately $43,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Banco Santander S.A. increased its position in shares of NRG Energy by 0.9% during the third quarter. Banco Santander S.A. now owns 2,820,500 shares of the utilities provider’s stock worth $256,948,000 after buying an additional 24,834 shares during the period. Assenagon Asset Management S.A. grew its holdings in NRG Energy by 65.8% during 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 during the period. Los Angeles Capital Management LLC raised its position in shares of NRG Energy by 32,962.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider’s stock worth $95,901,000 after acquiring an additional 1,049,521 shares in the last quarter. Jupiter Asset Management Ltd. lifted its stake in shares of NRG Energy by 114.3% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 837,461 shares of the utilities provider’s stock valued at $65,205,000 after purchasing an additional 446,743 shares during the period. Finally, Bridgewater Associates LP boosted its position in shares of NRG Energy by 352.9% during the 3rd quarter. Bridgewater Associates LP now owns 804,801 shares of the utilities provider’s stock valued at $73,317,000 after purchasing an additional 627,121 shares in the last quarter. Institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Performance

Shares of NRG Energy stock opened at $98.89 on Thursday. NRG Energy, Inc. has a 52 week low of $46.23 and a 52 week high of $102.84. 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 business has a 50 day moving average price of $90.68 and a 200-day moving average price of $83.37. The company has a market cap of $20.03 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 1.34 and a beta of 1.10.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Friday, November 1st. NRG Energy’s payout ratio is currently 40.95%.

Wall Street Analyst Weigh In

NRG has been the subject of a number of research analyst reports. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and upped their price objective for the company from $93.00 to $113.00 in a report on Tuesday. Citigroup raised their target price on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research note 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 note on Tuesday, November 19th. Finally, Wells Fargo & Company raised their price objective on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research note 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. Based on data from MarketBeat.com, NRG Energy currently has an average 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 the stock in a transaction dated Friday, September 13th. The shares were 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 owns 163,680 shares in the company, valued at $13,151,688. This represents a 38.53 % decrease in their ownership of the stock. The sale 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 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.