Dynamic Technology Lab Private Ltd Lowers Stock Position in NRG Energy, Inc. (NYSE:NRG)

Dynamic Technology Lab Private Ltd cut its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 40.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,529 shares of the utilities provider’s stock after selling 18,531 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in NRG Energy were worth $2,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Ashton Thomas Securities LLC purchased a new position in NRG Energy in the third quarter worth $26,000. Covestor Ltd boosted its holdings in shares of NRG Energy by 74.7% in 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. Harbor Capital Advisors Inc. bought a new position in shares of NRG Energy during the 3rd quarter valued at about $35,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of NRG Energy during the 3rd quarter valued at about $36,000. Finally, Rothschild Investment LLC purchased a new stake in NRG Energy in the second quarter worth approximately $32,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on NRG. Wells Fargo & Company lifted their price target on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Guggenheim boosted their price target on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. BMO Capital Markets lifted their price objective on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Finally, Jefferies Financial Group assumed coverage on NRG Energy in a research note on Friday, September 13th. They issued a “hold” rating and a $82.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $98.29.

NRG Energy Stock Down 1.5 %

NYSE NRG opened at $95.48 on Monday. NRG Energy, Inc. has a 1 year low of $45.29 and a 1 year high of $102.84. The stock has a market capitalization of $19.34 billion, a PE ratio of 23.99, a PEG ratio of 1.39 and a beta of 1.10. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The business’s 50-day moving average is $90.06 and its 200 day moving average is $83.18.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given 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 dividend yield of 1.71%. NRG Energy’s dividend payout ratio is currently 40.95%.

Insider Activity

In related news, insider Rasesh M. Patel sold 102,603 shares of NRG Energy 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 in the company, valued at $13,151,688. The trade was a 38.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.61% of the company’s stock.

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.