McIlrath & Eck LLC Acquires 113 Shares of NRG Energy, Inc. (NYSE:NRG)

McIlrath & Eck LLC grew its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 4.5% in the 3rd quarter, Holdings Channel reports. The fund owned 2,630 shares of the utilities provider’s stock after buying an additional 113 shares during the period. McIlrath & Eck LLC’s holdings in NRG Energy were worth $240,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Banco Santander S.A. bought a new position in NRG Energy in the 2nd quarter valued at approximately $217,671,000. Los Angeles Capital Management LLC boosted its holdings in shares of NRG Energy by 32,962.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider’s stock valued at $95,901,000 after acquiring an additional 1,049,521 shares in the last quarter. Fred Alger Management LLC acquired a new stake in shares of NRG Energy during the 2nd 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 acquiring an additional 633,765 shares during the last quarter. Finally, Bridgewater Associates LP raised its position in NRG Energy by 352.9% in the third quarter. Bridgewater Associates LP now owns 804,801 shares of the utilities provider’s stock valued at $73,317,000 after purchasing an additional 627,121 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. BMO Capital Markets boosted their price target on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Citigroup boosted their target price on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Wells Fargo & Company raised their price target on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. Finally, StockNews.com lowered NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, NRG Energy presently has an average rating of “Moderate Buy” and a consensus price target of $102.71.

NRG Energy Trading Down 2.4 %

NRG opened at $93.73 on Wednesday. The stock has a market cap of $18.99 billion, a PE ratio of 23.55, a price-to-earnings-growth ratio of 1.35 and a beta of 1.12. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a twelve month low of $47.60 and a twelve month high of $103.14. The company has a fifty day moving average of $92.83 and a 200-day moving average of $84.52.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a $0.4075 dividend. This represents a $1.63 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Friday, November 1st. NRG Energy’s dividend payout ratio (DPR) is presently 40.95%.

Insider Activity

In other 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 value of $8,244,151.05. Following the completion of the sale, the insider now directly owns 163,680 shares in the company, valued at $13,151,688. This trade represents a 38.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.86% of the stock is owned by company insiders.

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.