Metis Global Partners LLC Sells 386 Shares of NRG Energy, Inc. (NYSE:NRG)

Metis Global Partners LLC cut its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 3.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,146 shares of the utilities provider’s stock after selling 386 shares during the quarter. Metis Global Partners LLC’s holdings in NRG Energy were worth $1,107,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NRG. Ashton Thomas Securities LLC bought a new position in NRG Energy during the 3rd quarter worth $26,000. Covestor Ltd grew its holdings in shares of 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 in the last quarter. Rothschild Investment LLC acquired a new stake in shares of NRG Energy during the 2nd quarter worth $32,000. First Horizon Advisors Inc. increased its position in shares of NRG Energy by 76.1% in the second quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 191 shares during the period. Finally, Harbor Capital Advisors Inc. bought a new stake in NRG Energy during the third quarter worth about $35,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NRG Energy

In related news, insider Rasesh M. Patel sold 102,603 shares of the business’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 owns 163,680 shares of the company’s stock, valued at $13,151,688. The trade was 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 the SEC website. 0.86% of the stock is owned by company insiders.

Analysts Set New Price Targets

NRG has been the topic of several recent analyst reports. Jefferies Financial Group began coverage on shares of NRG Energy in a report on Friday, September 13th. They issued a “hold” rating and a $82.00 target price on the stock. StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. BMO Capital Markets raised their target price on NRG Energy from $90.00 to $94.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Guggenheim boosted 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, Citigroup raised their price objective on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. 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, NRG Energy presently has an average rating of “Hold” and an average price target of $97.43.

NRG Energy Trading Up 0.6 %

Shares of NRG stock opened at $92.19 on Friday. NRG Energy, Inc. has a twelve month low of $44.90 and a twelve month high of $102.84. The stock’s fifty day simple moving average is $88.50 and its 200 day simple moving average is $82.44. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The firm has a market capitalization of $18.67 billion, a P/E ratio of 23.16, a P/E/G ratio of 1.35 and a beta of 1.10.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.4075 dividend. This represents a $1.63 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Friday, November 1st. NRG Energy’s dividend payout ratio is currently 40.95%.

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.