Vinva Investment Management Ltd Grows Position in NRG Energy, Inc. (NYSE:NRG)

Vinva Investment Management Ltd grew its stake in NRG Energy, Inc. (NYSE:NRG) by 1,176.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,300 shares of the utilities provider’s stock after buying an additional 41,750 shares during the quarter. Vinva Investment Management Ltd’s holdings in NRG Energy were worth $4,132,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NRG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position 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 purchasing an additional 82,919 shares during the period. Public Sector Pension Investment Board raised its holdings in NRG Energy by 2.3% during the third quarter. Public Sector Pension Investment Board now owns 36,165 shares of the utilities provider’s stock valued at $3,295,000 after acquiring an additional 800 shares during the period. RPg Family Wealth Advisory LLC bought a new stake in NRG Energy during the third quarter valued at about $43,000. Bridgewater Associates LP lifted its position in shares of NRG Energy by 352.9% in the third quarter. Bridgewater Associates LP now owns 804,801 shares of the utilities provider’s stock valued at $73,317,000 after acquiring an additional 627,121 shares in the last quarter. Finally, Townsquare Capital LLC bought a new position in shares of NRG Energy in the third quarter worth about $242,000. Institutional investors own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NRG. StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Citigroup boosted 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. 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 report on Monday, November 11th. BMO Capital Markets boosted their target price on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 19th. Finally, Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and increased their price target for the company from $93.00 to $113.00 in a research note on Tuesday. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, NRG Energy currently has a consensus rating of “Moderate Buy” and an average target price of $102.71.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was 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 SEC, which can be accessed through this hyperlink. Company insiders own 0.86% of the company’s stock.

NRG Energy Stock Performance

Shares of NRG opened at $98.89 on Friday. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The stock has a 50-day moving average of $91.02 and a two-hundred day moving average of $83.48. The stock has a market cap of $20.03 billion, a P/E ratio of 24.85, a P/E/G ratio of 1.35 and a beta of 1.10. NRG Energy, Inc. has a one year low of $46.23 and a one year high of $102.84.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a yield of 1.65%. The ex-dividend date 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.