International Private Wealth Advisors LLC Trims Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

International Private Wealth Advisors LLC cut its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 4.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,724 shares of the utilities provider’s stock after selling 193 shares during the quarter. International Private Wealth Advisors LLC’s holdings in NRG Energy were worth $339,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NRG. Hourglass Capital LLC boosted its position in shares of NRG Energy by 2.6% in the third quarter. Hourglass Capital LLC now owns 58,270 shares of the utilities provider’s stock worth $5,308,000 after purchasing an additional 1,500 shares during the period. Oppenheimer & Co. Inc. purchased a new position in shares of NRG Energy during the 3rd quarter valued at $431,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in NRG Energy by 1.6% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 523,758 shares of the utilities provider’s stock worth $47,714,000 after buying an additional 8,426 shares during the period. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in NRG Energy in the 3rd quarter worth $280,000. Finally, Ashton Thomas Securities LLC bought a new stake in NRG Energy during the third quarter valued at about $26,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Rasesh M. Patel sold 102,603 shares of the business’s 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 of the company’s stock, valued at approximately $13,151,688. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on NRG. BMO Capital Markets increased their target price on NRG Energy from $90.00 to $94.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Wells Fargo & Company lifted their price objective on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday. Guggenheim upped 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. Citigroup lifted their price target on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group initiated coverage on NRG Energy in a research report on Friday, September 13th. They set a “hold” rating and a $82.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $97.43.

NRG Energy Price Performance

Shares of NYSE NRG traded up $0.52 during mid-day trading on Thursday, hitting $93.00. 170,314 shares of the company’s stock traded hands, compared to its average volume of 3,267,596. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. NRG Energy, Inc. has a 1 year low of $44.90 and a 1 year high of $102.84. The company’s 50-day moving average is $87.92 and its two-hundred day moving average is $82.18. The company has a market capitalization of $18.84 billion, a P/E ratio of 23.24, a PEG ratio of 1.35 and a beta of 1.10.

NRG Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.4075 per share. The ex-dividend date is Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a yield of 1.75%. NRG Energy’s dividend payout ratio (DPR) is presently 40.95%.

About NRG Energy

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.