NRG Energy, Inc. (NYSE:NRG) Shares Sold by XTX Topco Ltd

XTX Topco Ltd lessened its stake in NRG Energy, Inc. (NYSE:NRG) by 84.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 6,680 shares of the utilities provider’s stock after selling 35,614 shares during the period. XTX Topco Ltd’s holdings in NRG Energy were worth $609,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in shares of NRG Energy in the third quarter valued at $26,000. Covestor Ltd grew its position in NRG Energy by 74.7% in the 3rd 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. Harbor Capital Advisors Inc. purchased a new stake in NRG Energy during the third quarter worth about $35,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of NRG Energy during the third quarter worth about $36,000. Finally, Rothschild Investment LLC purchased a new position in shares of NRG Energy in the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Analysts Set New Price Targets

NRG has been the topic of a number of research reports. BMO Capital Markets increased their target price on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Guggenheim increased their price objective on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Wells Fargo & Company boosted their target price on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. StockNews.com lowered NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Finally, Citigroup boosted their price objective on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, NRG Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.71.

NRG Energy Stock Down 0.4 %

Shares of NYSE NRG opened at $95.14 on Friday. The business has a 50-day moving average of $92.92 and a two-hundred day moving average of $84.67. The company has a market capitalization of $19.27 billion, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 1.35 and a beta of 1.12. NRG Energy, Inc. has a 1 year low of $47.88 and a 1 year high of $103.14. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid 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 payout ratio is 40.95%.

NRG Energy 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.