M&T Bank Corp Has $3.48 Million Holdings in NRG Energy, Inc. (NYSE:NRG)

M&T Bank Corp increased its position in NRG Energy, Inc. (NYSE:NRG) by 0.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 38,213 shares of the utilities provider’s stock after purchasing an additional 113 shares during the period. M&T Bank Corp’s holdings in NRG Energy were worth $3,481,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Banco Santander S.A. grew its stake in NRG Energy by 0.9% during the 3rd quarter. Banco Santander S.A. now owns 2,820,500 shares of the utilities provider’s stock valued at $256,948,000 after acquiring an additional 24,834 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in NRG Energy by 7.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,663,441 shares of the utilities provider’s stock valued at $242,639,000 after purchasing an additional 182,481 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in NRG Energy by 52.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,330,706 shares of the utilities provider’s stock valued at $121,227,000 after buying an additional 456,573 shares during the period. Los Angeles Capital Management LLC boosted its stake in shares of NRG Energy by 32,962.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider’s stock valued at $95,901,000 after buying an additional 1,049,521 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of NRG Energy by 8.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,041,153 shares of the utilities provider’s stock valued at $94,849,000 after buying an additional 82,919 shares during the period. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Trading Down 0.2 %

Shares of NRG stock opened at $94.98 on Friday. NRG Energy, Inc. has a 12 month low of $47.88 and a 12 month high of $103.14. The company has a market cap of $19.24 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 1.30 and a beta of 1.12. 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’s 50 day moving average is $92.91 and its two-hundred day moving average is $84.73.

NRG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.4075 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.63 annualized dividend and a yield of 1.72%. NRG Energy’s dividend payout ratio (DPR) is presently 40.95%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NRG. Wells Fargo & Company increased their price objective on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. BMO Capital Markets lifted their price target on NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a report on Tuesday, November 19th. 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 lifted their target price for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Finally, Citigroup increased 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. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $102.71.

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.