World Investment Advisors LLC Takes $254,000 Position in NRG Energy, Inc. (NYSE:NRG)

World Investment Advisors LLC purchased a new position in NRG Energy, Inc. (NYSE:NRG) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,787 shares of the utilities provider’s stock, valued at approximately $254,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC grew its position in shares of NRG Energy by 529.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 96,855 shares of the utilities provider’s stock worth $9,248,000 after acquiring an additional 81,468 shares in the last quarter. Pine Valley Investments Ltd Liability Co boosted its holdings in NRG Energy by 25.1% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 50,027 shares of the utilities provider’s stock worth $4,557,000 after purchasing an additional 10,031 shares during the period. Fulcrum Equity Management bought a new stake in NRG Energy during the third quarter valued at $274,000. McIlrath & Eck LLC raised its holdings in shares of NRG Energy by 4.5% during the third quarter. McIlrath & Eck LLC now owns 2,630 shares of the utilities provider’s stock worth $240,000 after purchasing an additional 113 shares during the period. Finally, Fortem Financial Group LLC lifted its position in shares of NRG Energy by 4.8% in the 3rd quarter. Fortem Financial Group LLC now owns 13,803 shares of the utilities provider’s stock worth $1,257,000 after buying an additional 638 shares during the last quarter. 97.72% of the stock is owned by institutional investors.

NRG Energy Price Performance

Shares of NYSE NRG opened at $88.81 on Thursday. The stock has a market cap of $17.99 billion, a P/E ratio of 22.31, a P/E/G ratio of 1.29 and a beta of 1.12. The firm’s 50-day simple moving average is $92.87 and its 200 day simple moving average is $84.91. NRG Energy, Inc. has a fifty-two week low of $49.35 and a fifty-two week high of $103.14. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57.

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.4075 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.84%. NRG Energy’s dividend payout ratio (DPR) is 40.95%.

Analyst Upgrades and Downgrades

NRG has been the topic of several research reports. Citigroup increased their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and raised their price target for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Guggenheim raised their target price on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company boosted their price target on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $102.71.

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.