NRG Energy, Inc. (NYSE:NRG) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP cut its position in NRG Energy, Inc. (NYSE:NRG) by 44.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 22,749 shares of the utilities provider’s stock after selling 18,215 shares during the period. Quantbot Technologies LP’s holdings in NRG Energy were worth $2,072,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in NRG Energy during the third quarter worth about $26,000. Covestor Ltd grew 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 purchasing an additional 139 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in NRG Energy during the 3rd quarter worth approximately $35,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in NRG Energy during the 3rd quarter worth approximately $36,000. Finally, Rothschild Investment LLC acquired a new position in shares of NRG Energy in the second quarter worth $32,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Down 2.2 %

NRG stock opened at $98.89 on Friday. The company’s 50 day moving average is $91.02 and its two-hundred day moving average is $83.48. NRG Energy, Inc. has a twelve month low of $46.23 and a twelve month high of $102.84. 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 market cap of $20.03 billion, a P/E ratio of 24.85, a PEG ratio of 1.34 and a beta of 1.10.

NRG Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a $0.4075 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.63 annualized dividend and a yield of 1.65%. NRG Energy’s dividend payout ratio is presently 40.95%.

Insiders Place Their Bets

In related news, insider Rasesh M. Patel sold 102,603 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $80.35, for a total value of $8,244,151.05. Following the completion of the sale, the insider now directly owns 163,680 shares of the company’s stock, valued at $13,151,688. This represents a 38.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.