NN Investment Partners Holdings N.V. acquired a new stake in shares of NRG Energy Inc (NYSE:NRG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 29,765 shares of the utilities provider’s stock, valued at approximately $1,113,000.
Other hedge funds have also recently modified their holdings of the company. Guidant Wealth Advisors lifted its stake in NRG Energy by 9,972.7% during the second quarter. Guidant Wealth Advisors now owns 2,216 shares of the utilities provider’s stock worth $109,000 after purchasing an additional 2,194 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its stake in NRG Energy by 313.6% during the second quarter. Harvest Fund Management Co. Ltd now owns 3,747 shares of the utilities provider’s stock worth $115,000 after purchasing an additional 2,841 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in NRG Energy during the second quarter worth about $130,000. Virtu Financial LLC bought a new stake in NRG Energy during the second quarter worth about $205,000. Finally, Pinebridge Investments L.P. lifted its stake in NRG Energy by 113.4% during the second quarter. Pinebridge Investments L.P. now owns 7,085 shares of the utilities provider’s stock worth $218,000 after purchasing an additional 3,765 shares during the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Christopher Moser sold 43,975 shares of the business’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $35.11, for a total value of $1,543,962.25. Following the completion of the sale, the executive vice president now owns 61,075 shares of the company’s stock, valued at approximately $2,144,343.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Elizabeth R. Killinger sold 24,600 shares of the business’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $35.84, for a total value of $881,664.00. Following the completion of the sale, the executive vice president now directly owns 106,125 shares of the company’s stock, valued at approximately $3,803,520. The disclosure for this sale can be found here. In the last three months, insiders sold 83,775 shares of company stock valued at $2,959,754. 0.38% of the stock is currently owned by corporate insiders.
NYSE NRG opened at $37.95 on Wednesday. NRG Energy Inc has a 1-year low of $23.75 and a 1-year high of $38.62. The company has a debt-to-equity ratio of 7.16, a current ratio of 1.30 and a quick ratio of 1.17. The stock has a market capitalization of $11.35 billion, a PE ratio of 34.82 and a beta of 0.99.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Wednesday, October 31st. NRG Energy’s dividend payout ratio (DPR) is presently 11.01%.
Several equities research analysts have issued reports on the company. Zacks Investment Research lowered NRG Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. Bank of America lifted their price target on NRG Energy from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, August 7th. ValuEngine lowered NRG Energy from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. SunTrust Banks lifted their price target on NRG Energy from $35.00 to $36.00 and gave the stock a “hold” rating in a research note on Monday, October 29th. Finally, Macquarie lifted their price target on NRG Energy from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Thursday, September 20th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. NRG Energy presently has a consensus rating of “Buy” and a consensus target price of $38.17.
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About NRG Energy
NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. The company is involved in the generation of electricity using fossil fuel and nuclear sources. The company provides electricity to 2.9 million residential, commercial, and industrial consumers; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; and carbon management and specialty services.
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