NRG Energy, Inc. (NYSE:NRG) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 93.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 888,117 shares of the utilities provider’s stock after selling 13,197,346 shares during the period. Victory Capital Management Inc. owned approximately 0.43% of NRG Energy worth $80,907,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quadrature Capital Ltd lifted its stake in shares of NRG Energy by 148.6% during the first quarter. Quadrature Capital Ltd now owns 21,814 shares of the utilities provider’s stock worth $1,477,000 after buying an additional 13,040 shares during the period. Cetera Investment Advisers lifted its stake in shares of NRG Energy by 104.5% during the first quarter. Cetera Investment Advisers now owns 73,865 shares of the utilities provider’s stock worth $5,000,000 after buying an additional 37,750 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of NRG Energy by 65.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock worth $124,318,000 after buying an additional 633,765 shares during the period. Friedenthal Financial acquired a new stake in shares of NRG Energy during the second quarter worth $746,000. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of NRG Energy by 2.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 288,619 shares of the utilities provider’s stock worth $19,537,000 after buying an additional 7,880 shares during the period. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NRG Energy

In other NRG Energy 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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.86% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on NRG shares. Guggenheim lifted their price objective 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. StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Wells Fargo & Company raised their target price on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday. BMO Capital Markets raised their target price on shares of NRG Energy from $90.00 to $94.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Finally, Jefferies Financial Group started coverage on shares of NRG Energy in a report on Friday, September 13th. They set a “hold” rating and a $82.00 target price for the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $97.43.

NRG Energy Stock Down 0.2 %

NRG opened at $92.48 on Thursday. NRG Energy, Inc. has a fifty-two week low of $44.90 and a fifty-two week high of $102.84. 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 company has a fifty day moving average of $87.92 and a two-hundred day moving average of $82.18. The stock has a market capitalization of $18.73 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 1.35 and a beta of 1.10.

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.4075 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a yield of 1.76%. NRG Energy’s payout ratio is 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.