Empowered Funds LLC Buys 9,459 Shares of NRG Energy, Inc. (NYSE:NRG)

Empowered Funds LLC raised its position in shares of NRG Energy, Inc. (NYSE:NRG) by 6.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 158,840 shares of the utilities provider’s stock after purchasing an additional 9,459 shares during the period. Empowered Funds LLC owned 0.08% of NRG Energy worth $14,470,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of NRG. Banco Santander S.A. bought a new position in shares of NRG Energy during the 2nd quarter worth $217,671,000. Capitolis Liquid Global Markets LLC lifted its holdings 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 valued at $119,541,000 after purchasing an additional 1,266,000 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in NRG Energy by 32,962.3% during the third quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider’s stock worth $95,901,000 after purchasing an additional 1,049,521 shares during the period. Zimmer Partners LP purchased a new position in shares of NRG Energy in the first quarter worth about $64,306,000. Finally, Fred Alger Management LLC bought a new stake in shares of NRG Energy in the second quarter valued at approximately $53,773,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NRG has been the subject of a number of recent research reports. Guggenheim lifted their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Citigroup lifted their price target on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Wells Fargo & Company increased their price objective on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday. BMO Capital Markets lifted their target price on NRG Energy from $90.00 to $94.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Finally, Jefferies Financial Group began 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. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $97.43.

Insider Activity

In other news, insider Rasesh M. Patel sold 102,603 shares of the company’s stock in a transaction dated 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 represents a 38.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.86% of the company’s stock.

NRG Energy Stock Up 0.4 %

Shares of NYSE NRG opened at $92.00 on Friday. The business has a 50-day moving average of $88.19 and a 200-day moving average of $82.25. The firm has a market capitalization of $18.64 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 1.35 and a beta of 1.10. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a 12 month low of $44.90 and a 12 month high of $102.84.

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Friday, November 1st. NRG Energy’s payout ratio is 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.