NRG Energy, Inc. (NYSE:NRG) Shares Purchased by Holocene Advisors LP

Holocene Advisors LP boosted its position in NRG Energy, Inc. (NYSE:NRG) by 150.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 476,103 shares of the utilities provider’s stock after buying an additional 285,933 shares during the period. Holocene Advisors LP’s holdings in NRG Energy were worth $43,373,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of NRG. Banco Santander S.A. purchased a new stake in shares of NRG Energy in the 2nd quarter valued at $217,671,000. Los Angeles Capital Management LLC lifted 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 valued at $95,901,000 after purchasing an additional 1,049,521 shares during the period. Fred Alger Management LLC purchased a new stake in NRG Energy in the second quarter valued at $53,773,000. Assenagon Asset Management S.A. grew its position in NRG Energy by 65.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock worth $124,318,000 after purchasing an additional 633,765 shares during the period. Finally, Bridgewater Associates LP raised its stake in shares of NRG Energy by 352.9% during the 3rd quarter. Bridgewater Associates LP now owns 804,801 shares of the utilities provider’s stock valued at $73,317,000 after buying an additional 627,121 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Price Performance

NRG Energy stock opened at $99.40 on Tuesday. The stock has a market capitalization of $20.14 billion, a P/E ratio of 24.97, a P/E/G ratio of 1.38 and a beta of 1.12. The company’s fifty day moving average price is $91.65 and its 200 day moving average price is $83.73. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. NRG Energy, Inc. has a 1 year low of $47.22 and a 1 year high of $103.14.

NRG Energy Dividend Announcement

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

Insider Buying and Selling

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 163,680 shares in the company, valued at approximately $13,151,688. The trade was a 38.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

NRG has been the topic of a number of recent research reports. Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and upped their target price for the stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. Citigroup upped their price objective on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Guggenheim lifted their target price on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. BMO Capital Markets increased their price target on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Finally, StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, NRG Energy presently has an average rating of “Moderate Buy” and a consensus price target of $102.71.

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.