NRG Energy, Inc. (NYSE:NRG) Shares Purchased by Atria Investments Inc

Atria Investments Inc raised its stake in NRG Energy, Inc. (NYSE:NRG) by 62.9% in the third quarter, HoldingsChannel.com reports. The fund owned 15,072 shares of the utilities provider’s stock after buying an additional 5,819 shares during the quarter. Atria Investments Inc’s holdings in NRG Energy were worth $1,373,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in NRG. Quadrature Capital Ltd grew its stake in NRG Energy by 148.6% during the 1st quarter. Quadrature Capital Ltd now owns 21,814 shares of the utilities provider’s stock worth $1,477,000 after buying an additional 13,040 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of NRG Energy by 104.5% in the 1st quarter. Cetera Investment Advisers now owns 73,865 shares of the utilities provider’s stock worth $5,000,000 after acquiring an additional 37,750 shares during the period. Assenagon Asset Management S.A. lifted its position in NRG Energy by 65.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock valued at $124,318,000 after purchasing an additional 633,765 shares during the last quarter. Friedenthal Financial acquired a new position in NRG Energy during the 2nd quarter valued at about $746,000. Finally, NatWest Group plc grew its position in NRG Energy by 9.1% in the 3rd quarter. NatWest Group plc now owns 79,202 shares of the utilities provider’s stock worth $7,215,000 after purchasing an additional 6,618 shares during the last quarter. 97.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NRG has been the topic of a number of recent analyst reports. Jefferies Financial Group started coverage on NRG Energy in a report on Friday, September 13th. They set a “hold” rating and a $82.00 price target on the stock. StockNews.com lowered NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Guggenheim increased their price target on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. BMO Capital Markets lifted their price objective on shares of NRG Energy from $90.00 to $94.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Finally, 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. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $97.43.

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 transaction, the insider now directly owns 163,680 shares in the company, valued at $13,151,688. The trade was a 38.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.86% of the company’s stock.

NRG Energy Price Performance

NYSE:NRG opened at $92.19 on Friday. 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 price is $88.50 and its 200 day moving average price is $82.44. NRG Energy, Inc. has a 52-week low of $44.90 and a 52-week high of $102.84. The firm has a market cap of $18.67 billion, a P/E ratio of 23.16, a PEG ratio of 1.35 and a beta of 1.10.

NRG Energy Announces Dividend

The firm 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 was Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.77%. NRG Energy’s payout ratio is currently 40.95%.

About NRG Energy

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.