First Horizon Advisors Inc. Purchases 262 Shares of NRG Energy, Inc. (NYSE:NRG)

First Horizon Advisors Inc. raised its stake in NRG Energy, Inc. (NYSE:NRG) by 59.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 704 shares of the utilities provider’s stock after acquiring an additional 262 shares during the quarter. First Horizon Advisors Inc.’s holdings in NRG Energy were worth $64,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Banco Santander S.A. acquired a new stake in shares of NRG Energy during the second quarter worth about $217,671,000. Los Angeles Capital Management LLC lifted its stake in NRG Energy by 32,962.3% in the third quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider’s stock valued at $95,901,000 after buying an additional 1,049,521 shares in the last quarter. Zimmer Partners LP acquired a new position in shares of NRG Energy in the first quarter valued at approximately $64,306,000. Fred Alger Management LLC bought a new stake in NRG Energy in the 2nd quarter valued at $53,773,000. Finally, Assenagon Asset Management S.A. boosted its stake in NRG Energy by 65.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock worth $124,318,000 after purchasing an additional 633,765 shares during the period. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Stock Performance

NYSE NRG opened at $95.48 on Monday. NRG Energy, Inc. has a fifty-two week low of $45.29 and a fifty-two week high of $102.84. The stock has a market cap of $19.34 billion, a PE ratio of 23.99, a PEG ratio of 1.41 and a beta of 1.10. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The firm’s fifty day moving average price is $90.06 and its two-hundred day moving average price is $83.18.

NRG Energy Announces Dividend

The firm also recently disclosed 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 of this dividend was Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a yield of 1.71%. NRG Energy’s dividend payout ratio (DPR) is presently 40.95%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NRG shares. Guggenheim boosted their price objective 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. Wells Fargo & Company raised their price target on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Jefferies Financial Group started coverage on NRG Energy in a report on Friday, September 13th. They issued a “hold” rating and a $82.00 price objective for the company. BMO Capital Markets lifted their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. Finally, StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, NRG Energy presently has a consensus rating of “Hold” and an average price target of $98.29.

Insider Buying and Selling

In other news, insider Rasesh M. Patel sold 102,603 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 163,680 shares of the company’s stock, valued at approximately $13,151,688. This represents a 38.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.86% of the stock is owned by corporate 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.