Neo Ivy Capital Management Sells 17,238 Shares of NRG Energy, Inc. (NYSE:NRG)

Neo Ivy Capital Management decreased its holdings in NRG Energy, Inc. (NYSE:NRG) by 39.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,398 shares of the utilities provider’s stock after selling 17,238 shares during the quarter. Neo Ivy Capital Management’s holdings in NRG Energy were worth $2,404,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. M&T Bank Corp lifted its position in NRG Energy by 0.3% in the 3rd quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider’s stock valued at $3,481,000 after acquiring an additional 113 shares in the last quarter. Castle Rock Wealth Management LLC lifted its position in NRG Energy by 3.5% in the 3rd quarter. Castle Rock Wealth Management LLC now owns 3,746 shares of the utilities provider’s stock valued at $356,000 after acquiring an additional 126 shares in the last quarter. Park Avenue Securities LLC lifted its position in NRG Energy by 2.8% in the 3rd quarter. Park Avenue Securities LLC now owns 4,910 shares of the utilities provider’s stock valued at $447,000 after acquiring an additional 134 shares in the last quarter. Covestor Ltd lifted 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. Finally, Asahi Life Asset Management CO. LTD. lifted its position in NRG Energy by 3.5% in the 3rd quarter. Asahi Life Asset Management CO. LTD. now owns 4,420 shares of the utilities provider’s stock valued at $403,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 97.72% of the company’s stock.

Insider Activity at NRG Energy

In related news, insider Rasesh M. Patel sold 102,603 shares of NRG Energy stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $80.35, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.86% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on NRG shares. BMO Capital Markets lifted 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 report on Tuesday, November 19th. 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. StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and lifted their target price for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. Finally, Guggenheim lifted their target price on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Four equities 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $102.71.

NRG Energy Trading Down 2.4 %

NYSE:NRG opened at $93.73 on Wednesday. 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 capitalization of $18.99 billion, a PE ratio of 23.55, a price-to-earnings-growth ratio of 1.35 and a beta of 1.12. The firm’s 50 day moving average is $92.83 and its 200 day moving average is $84.52. NRG Energy, Inc. has a 12 month low of $47.60 and a 12 month high of $103.14.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors 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 dividend on an annualized basis and a yield of 1.74%. NRG Energy’s dividend 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.