Qsemble Capital Management LP Increases Stake in NRG Energy, Inc. (NYSE:NRG)

Qsemble Capital Management LP raised its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 128.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,012 shares of the utilities provider’s stock after buying an additional 17,994 shares during the quarter. Qsemble Capital Management LP’s holdings in NRG Energy were worth $2,916,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Cetera Investment Advisers raised its holdings in NRG Energy by 104.5% in the 1st quarter. Cetera Investment Advisers now owns 73,865 shares of the utilities provider’s stock valued at $5,000,000 after acquiring an additional 37,750 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of NRG Energy by 65.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock valued at $124,318,000 after purchasing an additional 633,765 shares during the last quarter. Friedenthal Financial purchased a new position in NRG Energy during the second quarter worth approximately $746,000. NatWest Group plc boosted its stake in NRG Energy by 9.1% during the third quarter. NatWest Group plc now owns 79,202 shares of the utilities provider’s stock worth $7,215,000 after buying an additional 6,618 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of NRG Energy by 17.7% in the 3rd quarter. Principal Financial Group Inc. now owns 458,811 shares of the utilities provider’s stock worth $41,800,000 after acquiring an additional 69,047 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NRG Energy 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 completion of the transaction, 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 the SEC website. Insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on NRG. Citigroup boosted their price target on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Guggenheim boosted their target price on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Jefferies Financial Group assumed coverage on shares of NRG Energy in a research report on Friday, September 13th. They set a “hold” rating and a $82.00 price target on the stock. BMO Capital Markets increased their price objective on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company upped their price target on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $98.29.

NRG Energy Trading Down 3.7 %

NRG opened at $91.92 on Tuesday. 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 cap of $18.62 billion, a P/E ratio of 23.10, a P/E/G ratio of 1.39 and a beta of 1.10. NRG Energy, Inc. has a 52 week low of $45.46 and a 52 week high of $102.84. The business has a fifty day simple moving average of $90.28 and a 200-day simple moving average of $83.25.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $0.4075 dividend. This represents a $1.63 annualized dividend and a 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 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.