Elevated Capital Advisors LLC Sells 169 Shares of NRG Energy, Inc. (NYSE:NRG)

Elevated Capital Advisors LLC decreased its holdings in NRG Energy, Inc. (NYSE:NRG) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,847 shares of the utilities provider’s stock after selling 169 shares during the period. Elevated Capital Advisors LLC’s holdings in NRG Energy were worth $1,079,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Banco Santander S.A. bought a new position in shares of NRG Energy during the 2nd quarter valued at approximately $217,671,000. Capitolis Liquid Global Markets LLC lifted its holdings in shares of NRG Energy by 253.2% in the 1st 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 bought a new position in NRG Energy during the 1st quarter valued at about $64,306,000. Fred Alger Management LLC bought a new stake in NRG Energy in the second quarter worth about $53,773,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of 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 valued at $124,318,000 after buying an additional 633,765 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

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 dated Friday, September 13th. The shares were sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the completion of the sale, the insider now directly owns 163,680 shares of the company’s stock, valued at approximately $13,151,688. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.86% of the stock is owned by insiders.

NRG Energy Price Performance

Shares of NRG opened at $85.30 on Wednesday. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.11 and a current ratio of 1.18. The company has a 50 day moving average price of $85.30 and a 200-day moving average price of $80.22. NRG Energy, Inc. has a fifty-two week low of $40.10 and a fifty-two week high of $96.40. The stock has a market capitalization of $17.78 billion, a PE ratio of 12.08 and a beta of 1.10.

NRG Energy (NYSE:NRG) last posted its earnings results on Thursday, August 8th. The utilities provider reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $1.82. The company 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 earnings per share. Equities analysts predict that NRG Energy, Inc. will post 5.51 earnings per share for the current fiscal year.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Friday, November 1st. NRG Energy’s payout ratio is currently 23.09%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NRG shares. Wells Fargo & Company increased their price target on NRG Energy from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. Guggenheim lifted their target price on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Jefferies Financial Group initiated coverage on shares of NRG Energy in a report on Friday, September 13th. They issued a “hold” rating and a $82.00 price target on the stock. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Finally, BMO Capital Markets upped their target price on shares of NRG Energy from $88.00 to $90.00 and gave the stock a “market perform” rating in a research note on Monday, September 30th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $83.25.

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.