NRG Energy, Inc. (NYSE:NRG) Shares Acquired by DRW Securities LLC

DRW Securities LLC lifted its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 181.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 11,913 shares of the utilities provider’s stock after purchasing an additional 7,681 shares during the quarter. DRW Securities LLC’s holdings in NRG Energy were worth $1,085,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Castle Rock Wealth Management LLC raised its position in shares of NRG Energy by 3.5% during the 3rd quarter. Castle Rock Wealth Management LLC now owns 3,746 shares of the utilities provider’s stock valued at $356,000 after buying an additional 126 shares during the period. Park Avenue Securities LLC raised its position in shares of NRG Energy by 2.8% during the 3rd quarter. Park Avenue Securities LLC now owns 4,910 shares of the utilities provider’s stock valued at $447,000 after buying an additional 134 shares during the period. Covestor Ltd raised its position in shares of NRG Energy by 74.7% during the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after buying an additional 139 shares during the period. Asahi Life Asset Management CO. LTD. raised its position in shares of NRG Energy by 3.5% during the 3rd quarter. Asahi Life Asset Management CO. LTD. now owns 4,420 shares of the utilities provider’s stock valued at $403,000 after buying an additional 150 shares during the period. Finally, First Horizon Advisors Inc. raised its position in shares of NRG Energy by 76.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock valued at $34,000 after buying an additional 191 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NRG. Wells Fargo & Company lifted their price target 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. Jefferies Financial Group assumed coverage on NRG Energy in a research report on Friday, September 13th. They issued a “hold” rating and a $82.00 target price 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 upped their price objective on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, BMO Capital Markets upped their price objective on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 19th. Five 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.com, the stock currently has an average rating of “Hold” and a consensus price target of $98.29.

Insider Activity at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the transaction, the insider now owns 163,680 shares of the company’s stock, valued at approximately $13,151,688. This trade represents a 38.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

NRG Energy Stock Performance

NYSE:NRG opened at $91.92 on Tuesday. The firm has a market capitalization of $18.62 billion, a PE ratio of 23.10, a price-to-earnings-growth ratio of 1.39 and a beta of 1.10. The business’s fifty day moving average price is $90.28 and its 200 day moving average price is $83.25. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. NRG Energy, Inc. has a 12 month low of $45.46 and a 12 month high of $102.84.

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. 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.