Covestor Ltd Has $30,000 Holdings in NRG Energy, Inc. (NYSE:NRG)

Covestor Ltd increased its holdings in NRG Energy, Inc. (NYSE:NRG) by 74.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 325 shares of the utilities provider’s stock after acquiring an additional 139 shares during the period. Covestor Ltd’s holdings in NRG Energy were worth $30,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in NRG. Rothschild Investment LLC acquired a new stake in shares of NRG Energy in the 2nd quarter worth about $32,000. First Horizon Advisors Inc. grew its position in 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 in the last quarter. Harbor Capital Advisors Inc. bought a new stake in NRG Energy in the 3rd quarter worth about $35,000. Crewe Advisors LLC bought a new stake in NRG Energy in the 1st quarter worth about $36,000. Finally, Innealta Capital LLC bought a new stake in NRG Energy in the 2nd quarter worth about $36,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group assumed coverage on shares of NRG Energy in a research report on Friday, September 13th. They issued a “hold” rating and a $82.00 price objective for the company. Guggenheim upped their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. BMO Capital Markets upped their price objective on shares of NRG Energy from $90.00 to $94.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Wells Fargo & Company increased their target price on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Finally, StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, NRG Energy currently has an average rating of “Hold” and a consensus price target of $97.43.

Insider Buying and Selling

In related news, insider Rasesh M. Patel sold 102,603 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were 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 of the company’s stock, valued at approximately $13,151,688. This trade represents a 38.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.86% of the stock is owned by insiders.

NRG Energy Stock Up 0.6 %

NRG Energy stock opened at $92.19 on Friday. NRG Energy, Inc. has a twelve month low of $44.90 and a twelve month high of $102.84. The firm has a 50 day moving average price of $88.50 and a 200-day moving average price of $82.37. The company has a market capitalization of $18.67 billion, a P/E ratio of 23.16, a P/E/G ratio of 1.35 and a beta of 1.10. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57.

NRG Energy Announces Dividend

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

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.