McIlrath & Eck LLC Has $240,000 Stock Position in NRG Energy, Inc. (NYSE:NRG)

McIlrath & Eck LLC increased its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 4.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,630 shares of the utilities provider’s stock after acquiring an additional 113 shares during the period. McIlrath & Eck LLC’s holdings in NRG Energy were worth $240,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new stake in shares of NRG Energy during the 3rd quarter worth approximately $26,000. Covestor Ltd increased its holdings in NRG Energy by 74.7% during the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after buying an additional 139 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in NRG Energy during the third quarter worth $35,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in NRG Energy in the third quarter valued at $36,000. Finally, Rothschild Investment LLC bought a new position in shares of NRG Energy in the 2nd quarter valued at about $32,000. 97.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NRG Energy

In related news, insider Rasesh M. Patel sold 102,603 shares of the business’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 transaction, the insider now owns 163,680 shares of the company’s stock, valued at $13,151,688. The trade was 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 available through this link. Insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

NRG has been the subject of several recent analyst reports. StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Wells Fargo & Company raised their price objective on 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 raised NRG Energy from a “hold” rating to a “buy” rating and boosted their target price for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Citigroup raised their price target on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, BMO Capital Markets upped their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $102.71.

NRG Energy Stock Down 2.4 %

NRG stock opened at $93.73 on Wednesday. NRG Energy, Inc. has a fifty-two week low of $47.60 and a fifty-two week high of $103.14. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The stock has a market capitalization of $18.99 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 1.35 and a beta of 1.12. The business’s fifty day moving average price is $92.83 and its two-hundred day moving average price is $84.52.

NRG Energy Announces Dividend

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

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.