Covestor Ltd Acquires 139 Shares of NRG Energy, Inc. (NYSE:NRG)

Covestor Ltd lifted its holdings in NRG Energy, Inc. (NYSE:NRG) by 74.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 325 shares of the utilities provider’s stock after purchasing an additional 139 shares during the period. Covestor Ltd’s holdings in NRG Energy were worth $30,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Banco Santander S.A. bought a new position in NRG Energy during the second quarter valued at about $217,671,000. Capitolis Liquid Global Markets LLC increased its stake in NRG Energy by 253.2% during the first quarter. Capitolis Liquid Global Markets LLC now owns 1,766,000 shares of the utilities provider’s stock valued at $119,541,000 after acquiring an additional 1,266,000 shares during the period. Zimmer Partners LP bought a new position in NRG Energy during the first quarter valued at about $64,306,000. Fred Alger Management LLC bought a new position in NRG Energy during the second quarter valued at about $53,773,000. Finally, Assenagon Asset Management S.A. increased its stake in NRG Energy by 65.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock valued at $124,318,000 after acquiring an additional 633,765 shares during the period. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Stock Performance

NYSE NRG opened at $92.19 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 firm has a market capitalization of $18.67 billion, a price-to-earnings ratio of 23.16, a P/E/G ratio of 1.35 and a beta of 1.10. The firm’s 50 day simple moving average is $88.50 and its 200 day simple moving average is $82.37. NRG Energy, Inc. has a 1 year low of $44.90 and a 1 year high of $102.84.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.4075 per share. The ex-dividend date was Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.77%. NRG Energy’s dividend payout ratio (DPR) is presently 40.95%.

Insider Transactions at NRG Energy

In other news, insider Rasesh M. Patel sold 102,603 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the transaction, the insider now owns 163,680 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. 0.86% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NRG. Jefferies Financial Group began coverage on NRG Energy in a report on Friday, September 13th. They set a “hold” rating and a $82.00 price objective on the stock. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Wells Fargo & Company lifted their price objective on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, November 11th. BMO Capital Markets lifted their price objective on NRG Energy from $90.00 to $94.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Finally, Citigroup lifted their price objective on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $97.43.

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.