Maven Securities LTD Has $2.28 Million Position in NRG Energy, Inc. (NYSE:NRG)

Maven Securities LTD decreased its stake in NRG Energy, Inc. (NYSE:NRG) by 71.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,000 shares of the utilities provider’s stock after selling 62,531 shares during the period. Maven Securities LTD’s holdings in NRG Energy were worth $2,278,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Cetera Investment Advisers lifted its stake in shares of NRG Energy by 104.5% in the first 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. Cetera Advisors LLC grew its stake in shares of NRG Energy by 106.9% in the 1st quarter. Cetera Advisors LLC now owns 14,908 shares of the utilities provider’s stock worth $1,009,000 after acquiring an additional 7,704 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in NRG Energy by 43.6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 781 shares of the utilities provider’s stock valued at $61,000 after buying an additional 237 shares during the last quarter. Mather Group LLC. boosted its position in NRG Energy by 60.5% in the second quarter. Mather Group LLC. now owns 772 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 291 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of NRG Energy by 5.5% in the 2nd quarter. CWM LLC now owns 7,422 shares of the utilities provider’s stock worth $578,000 after buying an additional 390 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NRG Energy

In other news, insider Rasesh M. Patel sold 102,603 shares of the stock in a transaction that occurred on 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 sale, the insider now owns 163,680 shares in the company, valued at $13,151,688. This represents a 38.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.61% of the company’s stock.

NRG Energy Stock Down 0.3 %

Shares of NYSE:NRG opened at $99.11 on Wednesday. The stock has a 50 day moving average price of $91.88 and a 200-day moving average price of $83.84. 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 firm has a market capitalization of $20.08 billion, a P/E ratio of 24.90, a P/E/G ratio of 1.35 and a beta of 1.12. NRG Energy, Inc. has a 52-week low of $47.22 and a 52-week high of $103.14.

NRG Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.4075 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.63 annualized dividend and a dividend yield of 1.64%. NRG Energy’s payout ratio is 40.95%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NRG shares. Wells Fargo & Company raised their target price on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Guggenheim lifted their price target on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Citigroup upped their target price on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Finally, BMO Capital Markets lifted their price objective on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $102.71.

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.