Pathstone Holdings LLC Sells 752 Shares of NRG Energy, Inc. (NYSE:NRG)

Pathstone Holdings LLC cut its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 1.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,000 shares of the utilities provider’s stock after selling 752 shares during the quarter. Pathstone Holdings LLC’s holdings in NRG Energy were worth $3,553,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in NRG Energy during the 3rd quarter valued at about $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 valued at $30,000 after acquiring an additional 139 shares in the last quarter. Rothschild Investment LLC purchased a new position in NRG Energy in the 2nd quarter worth approximately $32,000. First Horizon Advisors Inc. lifted its position in NRG Energy by 76.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 191 shares in the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new stake in NRG Energy during the 3rd quarter valued at $35,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NRG. Guggenheim boosted their price target on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. BMO Capital Markets upped their target price on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Jefferies Financial Group assumed coverage on shares of NRG Energy in a research report on Friday, September 13th. They set a “hold” rating and a $82.00 price objective on the stock. Finally, Citigroup lifted their target price on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $98.29.

Insiders Place Their Bets

In related news, insider Rasesh M. Patel sold 102,603 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 163,680 shares in the company, valued at approximately $13,151,688. The trade was a 38.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.86% of the company’s stock.

NRG Energy Trading Down 1.5 %

Shares of NRG Energy stock opened at $95.48 on Monday. 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 $19.34 billion, a PE ratio of 23.99, a P/E/G ratio of 1.41 and a beta of 1.10. NRG Energy, Inc. has a 1-year low of $45.29 and a 1-year high of $102.84. The company’s fifty day simple moving average is $90.06 and its 200-day simple moving average is $83.18.

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 dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a yield of 1.71%. The ex-dividend date was Friday, November 1st. NRG Energy’s dividend payout ratio is presently 40.95%.

About NRG Energy

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.