NRG Energy, Inc. (NYSE:NRG) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC raised its holdings in NRG Energy, Inc. (NYSE:NRG) by 529.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 96,855 shares of the utilities provider’s stock after purchasing an additional 81,468 shares during the period. Sanctuary Advisors LLC’s holdings in NRG Energy were worth $9,248,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of Hawaii raised its position in shares of NRG Energy by 95.5% during the 3rd quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider’s stock worth $1,429,000 after purchasing an additional 7,662 shares during the last quarter. Luxor Capital Group LP raised its holdings in shares of NRG Energy by 47.8% during the third quarter. Luxor Capital Group LP now owns 520,591 shares of the utilities provider’s stock valued at $47,426,000 after acquiring an additional 168,267 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its position in shares of 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 valued at $4,557,000 after acquiring an additional 10,031 shares in the last quarter. DRW Securities LLC boosted its stake in shares of NRG Energy by 181.5% in the third quarter. DRW Securities LLC now owns 11,913 shares of the utilities provider’s stock worth $1,085,000 after acquiring an additional 7,681 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of NRG Energy by 17.7% during the third quarter. Principal Financial Group Inc. now owns 458,811 shares of the utilities provider’s stock worth $41,800,000 after purchasing an additional 69,047 shares in the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Stock Performance

NYSE:NRG opened at $94.98 on Friday. The company’s 50-day moving average is $92.91 and its two-hundred day moving average is $84.74. The firm has a market capitalization of $19.24 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 1.30 and a beta of 1.12. 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 $47.88 and a 1-year high of $103.14.

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a $0.4075 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.63 annualized dividend and a yield of 1.72%. NRG Energy’s payout ratio is 40.95%.

Analysts Set New Price Targets

A number of research analysts have weighed in on NRG shares. Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and raised their price objective for the company from $93.00 to $113.00 in a report on Tuesday, November 26th. Citigroup boosted their price target on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Wells Fargo & Company increased their price objective 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. BMO Capital Markets boosted their target price on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Finally, StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.