NRG Energy, Inc. (NYSE:NRG) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP reduced its holdings in NRG Energy, Inc. (NYSE:NRG) by 44.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,749 shares of the utilities provider’s stock after selling 18,215 shares during the period. Quantbot Technologies LP’s holdings in NRG Energy were worth $2,072,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Ashton Thomas Securities LLC acquired a new stake in NRG Energy in the 3rd quarter valued at $26,000. Covestor Ltd lifted its holdings in NRG Energy by 74.7% during the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 139 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of NRG Energy in the second quarter valued at about $32,000. First Horizon Advisors Inc. increased its stake in shares of NRG Energy by 76.1% during the second quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 191 shares in the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of NRG Energy during the 3rd quarter worth about $35,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Rasesh M. Patel sold 102,603 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 163,680 shares of the company’s stock, valued at $13,151,688. This represents a 38.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.86% of the stock is currently owned by company insiders.

NRG Energy Price Performance

NRG Energy stock opened at $98.89 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The stock has a market cap of $20.03 billion, a P/E ratio of 24.85, a PEG ratio of 1.34 and a beta of 1.10. The company has a 50-day moving average price of $91.02 and a 200 day moving average price of $83.48. NRG Energy, Inc. has a 12-month low of $46.23 and a 12-month high of $102.84.

NRG Energy Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Friday, November 1st. NRG Energy’s dividend payout ratio is presently 40.95%.

Analyst Upgrades and Downgrades

Several research firms have commented on NRG. Wells Fargo & Company boosted their price objective on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Guggenheim increased their price objective on 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 target price on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. BMO Capital Markets increased their target price on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. Finally, StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.71.

NRG Energy Company 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.