Caprock Group LLC Purchases 552 Shares of NRG Energy, Inc. (NYSE:NRG)

Caprock Group LLC raised its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 19.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,439 shares of the utilities provider’s stock after purchasing an additional 552 shares during the period. Caprock Group LLC’s holdings in NRG Energy were worth $313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quadrature Capital Ltd raised its position in NRG Energy by 148.6% during the first quarter. Quadrature Capital Ltd now owns 21,814 shares of the utilities provider’s stock valued at $1,477,000 after purchasing an additional 13,040 shares during the period. Cetera Investment Advisers raised its position in NRG Energy by 104.5% during the first quarter. Cetera Investment Advisers now owns 73,865 shares of the utilities provider’s stock valued at $5,000,000 after purchasing an additional 37,750 shares during the period. Assenagon Asset Management S.A. raised its position in NRG Energy by 65.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock valued at $124,318,000 after purchasing an additional 633,765 shares during the period. Friedenthal Financial purchased a new stake in NRG Energy during the second quarter valued at approximately $746,000. Finally, NatWest Group plc raised its position in NRG Energy by 9.1% during the third quarter. NatWest Group plc now owns 79,202 shares of the utilities provider’s stock valued at $7,215,000 after purchasing an additional 6,618 shares during the period. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Trading Down 1.5 %

NRG opened at $95.48 on Friday. The stock’s fifty day moving average is $90.06 and its two-hundred day moving average is $83.13. The company has a market capitalization of $19.34 billion, a P/E ratio of 23.99, a PEG ratio of 1.41 and a beta of 1.10. NRG Energy, Inc. has a 52 week low of $45.29 and a 52 week high of $102.84. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57.

NRG Energy Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Citigroup upped their price objective on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Wells Fargo & Company increased their price target on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Jefferies Financial Group initiated coverage on NRG Energy in a report on Friday, September 13th. They issued a “hold” rating and a $82.00 price target on the stock. Guggenheim increased their price target on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $98.29.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.86% of the company’s stock.

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.