Eagle Asset Management Inc. Acquires Shares of 69,100 NRG Energy, Inc. (NYSE:NRG)

Eagle Asset Management Inc. bought a new position in NRG Energy, Inc. (NYSE:NRG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 69,100 shares of the utilities provider’s stock, valued at approximately $6,643,000.

Other large investors have also made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in NRG Energy during the 3rd quarter worth approximately $26,000. Covestor Ltd grew 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 valued at $30,000 after buying an additional 139 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in NRG Energy during the third quarter valued at $35,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in NRG Energy in the 3rd quarter worth about $36,000. Finally, Rothschild Investment LLC acquired a new stake in NRG Energy during the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Trading Down 1.5 %

Shares of NYSE:NRG 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 stock has a market capitalization of $19.34 billion, a PE ratio of 23.99, a P/E/G ratio of 1.41 and a beta of 1.10. NRG Energy, Inc. has a 1 year low of $45.29 and a 1 year high of $102.84. The firm has a fifty day moving average price of $90.06 and a 200 day moving average price of $83.18.

NRG Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Friday, November 1st. NRG Energy’s dividend payout ratio is 40.95%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NRG. StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Jefferies Financial Group assumed coverage on shares of NRG Energy in a research report on Friday, September 13th. They issued a “hold” rating and a $82.00 target price for the company. BMO Capital Markets boosted their price target 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. Guggenheim increased their price objective on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company boosted their target price on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, NRG Energy currently has an average rating of “Hold” and an average price target of $98.29.

Insider Activity at NRG Energy

In other NRG Energy 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 transaction of $8,244,151.05. Following the transaction, the insider now owns 163,680 shares in the company, valued at $13,151,688. This trade 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 at the SEC website. 0.86% of the stock is owned by company insiders.

NRG Energy Company 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.