NRG Energy, Inc. (NYSE:NRG) Shares Sold by Paloma Partners Management Co

Paloma Partners Management Co decreased its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 65.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,594 shares of the utilities provider’s stock after selling 29,038 shares during the period. Paloma Partners Management Co’s holdings in NRG Energy were worth $1,421,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in NRG Energy during the 3rd quarter worth approximately $26,000. Covestor Ltd lifted its holdings in shares of NRG Energy by 74.7% during the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 139 shares during the period. Rothschild Investment LLC acquired a new position in NRG Energy in the 2nd quarter valued at $32,000. First Horizon Advisors Inc. raised its position in NRG Energy by 76.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock worth $34,000 after buying an additional 191 shares during the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of NRG Energy in the 3rd quarter worth $35,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at NRG Energy

In related 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 $13,151,688. This trade represents a 38.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is owned by insiders.

NRG Energy Stock Performance

Shares of NRG opened at $99.40 on Tuesday. NRG Energy, Inc. has a 12-month low of $47.22 and a 12-month high of $103.14. The stock has a market cap of $20.14 billion, a P/E ratio of 24.97, a PEG ratio of 1.38 and a beta of 1.12. 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 company has a 50-day moving average of $91.65 and a two-hundred day moving average of $83.73.

NRG Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Friday, November 1st. NRG Energy’s payout ratio is currently 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.