383 Shares in NRG Energy, Inc. (NYSE:NRG) Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. acquired a new position in shares of NRG Energy, Inc. (NYSE:NRG) during the third quarter, HoldingsChannel.com reports. The firm acquired 383 shares of the utilities provider’s stock, valued at approximately $35,000.

A number of other institutional investors have also recently added to or reduced their stakes in NRG. Banco Santander S.A. purchased a new position in NRG Energy during the second quarter worth approximately $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 worth $119,541,000 after acquiring an additional 1,266,000 shares during the last quarter. Zimmer Partners LP acquired a new stake in NRG Energy during the first quarter worth $64,306,000. Fred Alger Management LLC acquired a new stake in NRG Energy during the second quarter worth $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 worth $124,318,000 after acquiring an additional 633,765 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NRG shares. Wells Fargo & Company raised their target price on NRG Energy from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Citigroup raised their target price on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group started coverage on NRG Energy in a research note on Friday, September 13th. They set a “hold” rating and a $82.00 target price for the company. BMO Capital Markets raised their target price on NRG Energy from $90.00 to $94.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Finally, Guggenheim lifted their price objective on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, NRG Energy has an average rating of “Hold” and a consensus price target of $96.00.

NRG Energy Trading Down 0.4 %

Shares of NYSE NRG opened at $95.99 on Friday. The stock has a market capitalization of $19.81 billion, a PE ratio of 10.46, a PEG ratio of 1.36 and a beta of 1.10. The stock has a fifty day simple moving average of $87.21 and a 200-day simple moving average of $81.68. NRG Energy, Inc. has a twelve month low of $44.90 and a twelve month high of $102.84. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 3.51.

NRG Energy (NYSE:NRG) last released its earnings results on Thursday, August 8th. The utilities provider reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $1.82. The firm had revenue of $6.66 billion during the quarter, compared to analyst estimates of $8.32 billion. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. NRG Energy’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business posted $1.10 earnings per share. On average, equities analysts forecast that NRG Energy, Inc. will post 6.29 earnings per share for the current year.

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.4075 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a yield of 1.70%. NRG Energy’s dividend payout ratio (DPR) is presently 17.76%.

Insider Activity at NRG Energy

In related news, insider Rasesh M. Patel sold 102,603 shares of NRG Energy 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 completion of the transaction, the insider now directly owns 163,680 shares in the company, valued at approximately $13,151,688. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.86% of the stock is currently owned by company insiders.

NRG Energy 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.