27,591 Shares in NRG Energy, Inc. (NYSE:NRG) Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC bought a new position in shares of NRG Energy, Inc. (NYSE:NRG) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 27,591 shares of the utilities provider’s stock, valued at approximately $2,514,000.

Other large investors have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of NRG Energy during the third quarter worth about $26,000. Covestor Ltd raised its holdings in NRG Energy by 74.7% during the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 139 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of NRG Energy in the 2nd quarter worth approximately $32,000. First Horizon Advisors Inc. boosted its stake in shares of NRG Energy by 76.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 191 shares during the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of NRG Energy during the third quarter worth $35,000. 97.72% of the stock is owned by institutional investors.

Insider Activity at NRG Energy

In other news, insider Rasesh M. Patel sold 102,603 shares of the stock in a transaction that occurred on 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.61% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on NRG shares. BMO Capital Markets boosted their target price on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a report on Tuesday, November 19th. Citigroup upped their target price on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Guggenheim increased their price target on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Jefferies Financial Group initiated coverage on shares of NRG Energy in a research note on Friday, September 13th. They issued a “hold” rating and a $82.00 price objective for the company. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $98.29.

NRG Energy Stock Performance

Shares of NRG stock opened at $95.48 on Monday. 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 firm has a fifty day simple moving average of $90.06 and a two-hundred day simple moving average of $83.18. NRG Energy, Inc. has a 12 month low of $45.29 and a 12 month high of $102.84. The firm has a market capitalization of $19.34 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 1.39 and a beta of 1.10.

NRG Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.4075 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.71%. NRG Energy’s dividend payout ratio is presently 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.