NRG Energy, Inc. (NYSE:NRG) Position Boosted by Summit Trail Advisors LLC

Summit Trail Advisors LLC grew its position in shares of NRG Energy, Inc. (NYSE:NRG) by 99.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,744 shares of the utilities provider’s stock after purchasing an additional 3,861 shares during the quarter. Summit Trail Advisors LLC’s holdings in NRG Energy were worth $705,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Banco Santander S.A. acquired a new position in NRG Energy in the 2nd quarter worth approximately $217,671,000. Los Angeles Capital Management LLC increased 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 during the last quarter. Zimmer Partners LP bought a new position in shares of NRG Energy in the first quarter valued at approximately $64,306,000. Fred Alger Management LLC bought a new position in NRG Energy in the 2nd quarter worth $53,773,000. Finally, Assenagon Asset Management S.A. increased its stake in shares of NRG Energy by 65.8% in the second 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. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insider Buying and Selling

In related news, insider Rasesh M. Patel sold 102,603 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.61% of the company’s stock.

NRG Energy Stock Performance

NRG stock opened at $91.92 on Tuesday. 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 business’s 50-day moving average price is $90.28 and its two-hundred day moving average price is $83.25. NRG Energy, Inc. has a 1-year low of $45.46 and a 1-year high of $102.84. The firm has a market cap of $18.62 billion, a PE ratio of 23.10, a P/E/G ratio of 1.39 and a beta of 1.10.

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $0.4075 dividend. This represents a $1.63 annualized dividend and a dividend 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%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Wells Fargo & Company upped their price objective 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. StockNews.com lowered NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Guggenheim raised their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. BMO Capital Markets lifted their target price on NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. Finally, Jefferies Financial Group started coverage on shares of NRG Energy in a research note on Friday, September 13th. They set a “hold” rating and a $82.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $98.29.

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.