NRG Energy, Inc. (NYSE:NRG) Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board grew its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 2.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,165 shares of the utilities provider’s stock after purchasing an additional 800 shares during the period. Public Sector Pension Investment Board’s holdings in NRG Energy were worth $3,295,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new position in NRG Energy during the 3rd quarter valued at $26,000. Covestor Ltd lifted its holdings in shares of NRG Energy by 74.7% in the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after buying an additional 139 shares during the period. Rothschild Investment LLC bought a new position in NRG Energy during the second quarter valued at about $32,000. First Horizon Advisors Inc. grew its holdings in 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 acquiring an additional 191 shares during the period. Finally, Harbor Capital Advisors Inc. bought a new stake in NRG Energy in the third quarter worth about $35,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of NRG Energy stock in a transaction 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 $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 hyperlink. 0.61% of the stock is currently owned by insiders.

NRG Energy Stock Down 0.3 %

Shares of NRG Energy stock opened at $99.11 on Wednesday. NRG Energy, Inc. has a 1 year low of $47.22 and a 1 year high of $103.14. The company has a market cap of $20.08 billion, a P/E ratio of 24.90, a P/E/G ratio of 1.35 and a beta of 1.12. 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 50-day moving average price of $91.88 and a 200 day moving average price of $83.84.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Friday, November 1st. NRG Energy’s dividend payout ratio is currently 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.