290 Shares in NRG Energy, Inc. (NYSE:NRG) Bought by Ashton Thomas Securities LLC

Ashton Thomas Securities LLC purchased a new stake in shares of NRG Energy, Inc. (NYSE:NRG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 290 shares of the utilities provider’s stock, valued at approximately $26,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Covestor Ltd boosted its stake in NRG Energy by 74.7% during the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 139 shares during the period. Rothschild Investment LLC bought a new stake in shares of NRG Energy in the second quarter valued at approximately $32,000. First Horizon Advisors Inc. grew its stake in shares of NRG Energy by 76.1% in the second quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 191 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in NRG Energy during the third quarter worth $35,000. Finally, Crewe Advisors LLC acquired a new position in NRG Energy during the 1st quarter valued at $36,000. 97.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on NRG. BMO Capital Markets boosted their price objective on shares of NRG Energy from $90.00 to $94.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Wells Fargo & Company upped their price target on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Monday. Guggenheim lifted their price objective on 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 NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Finally, 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 research note on Thursday, October 31st. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NRG Energy presently has a consensus rating of “Hold” and a consensus target price of $97.43.

NRG Energy Trading Down 0.9 %

Shares of NRG Energy stock opened at $91.64 on Friday. The stock has a market capitalization of $18.56 billion, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 1.35 and a beta of 1.10. NRG Energy, Inc. has a 12-month low of $44.90 and a 12-month 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 company has a 50-day simple moving average of $88.19 and a 200 day simple moving average of $82.25.

NRG Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $0.4075 dividend. This represents a $1.63 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, November 1st. NRG Energy’s payout ratio is currently 40.95%.

Insider Transactions at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the business’s stock in a transaction 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 transaction, the insider now owns 163,680 shares of the company’s stock, valued at approximately $13,151,688. The trade was a 38.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.86% of the stock is owned by company insiders.

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.