Landscape Capital Management L.L.C. Takes Position in NRG Energy, Inc. (NYSE:NRG)

Landscape Capital Management L.L.C. bought a new position in shares of NRG Energy, Inc. (NYSE:NRG) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 8,775 shares of the utilities provider’s stock, valued at approximately $799,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in NRG Energy during the 3rd quarter worth approximately $26,000. Covestor Ltd increased its position in shares of 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 acquiring an additional 139 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of NRG Energy in the third quarter valued at $35,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in NRG Energy in the third quarter valued at $36,000. Finally, Rothschild Investment LLC acquired a new position in NRG Energy during the 2nd quarter worth $32,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Rasesh M. Patel sold 102,603 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were 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 owns 163,680 shares of the company’s stock, valued at approximately $13,151,688. This represents a 38.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

NRG has been the topic of a number of recent research reports. Citigroup upped 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. Jefferies Financial Group began coverage on NRG Energy in a research note on Friday, September 13th. They issued a “hold” rating and a $82.00 price objective for the company. Wells Fargo & Company increased their target price on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. BMO Capital Markets increased their target price on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research note on Tuesday. Finally, Guggenheim upped their target price on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, NRG Energy has a consensus rating of “Hold” and an average price target of $98.29.

NRG Energy Stock Performance

Shares of NYSE NRG opened at $95.48 on Friday. The company has a market cap of $19.34 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 1.38 and a beta of 1.10. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. NRG Energy, Inc. has a 12 month low of $45.29 and a 12 month high of $102.84. The company has a 50-day simple moving average of $90.06 and a 200-day simple moving average of $83.06.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $0.4075 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.71%. NRG Energy’s dividend payout ratio (DPR) is presently 40.95%.

NRG Energy 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.