Atom Investors LP Acquires New Stake in NRG Energy, Inc. (NYSE:NRG)

Atom Investors LP bought a new position in NRG Energy, Inc. (NYSE:NRG) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,878 shares of the utilities provider’s stock, valued at approximately $1,173,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in NRG Energy during the third quarter valued at about $26,000. Covestor Ltd lifted its holdings in NRG Energy by 74.7% in the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 139 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of NRG Energy during the 2nd quarter valued at about $32,000. First Horizon Advisors Inc. grew its stake in shares of NRG Energy by 76.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 191 shares during the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of NRG Energy in the 3rd quarter worth approximately $35,000. 97.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NRG. Guggenheim raised their target price 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. Wells Fargo & Company raised their price objective on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Citigroup upped their target price on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. BMO Capital Markets lifted 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, Jefferies Financial Group raised 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 research note 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $102.71.

Insider Activity at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the business’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 transaction, the insider now owns 163,680 shares in the company, valued at $13,151,688. The trade was a 38.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.61% of the stock is currently owned by insiders.

NRG Energy Trading Down 0.3 %

Shares of NYSE NRG opened at $99.11 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a one year low of $47.22 and a one year high of $103.14. The business has a 50-day moving average price of $91.88 and a two-hundred day moving average price of $83.84. The firm has a market capitalization of $20.08 billion, a PE ratio of 24.90, a PEG ratio of 1.35 and a beta of 1.12.

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

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.