Luxor Capital Group LP Buys 168,267 Shares of NRG Energy, Inc. (NYSE:NRG)

Luxor Capital Group LP boosted its stake in NRG Energy, Inc. (NYSE:NRG) by 47.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 520,591 shares of the utilities provider’s stock after acquiring an additional 168,267 shares during the quarter. NRG Energy comprises about 3.0% of Luxor Capital Group LP’s holdings, making the stock its 10th largest holding. Luxor Capital Group LP owned approximately 0.26% of NRG Energy worth $47,426,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NRG. Ashton Thomas Securities LLC acquired a new position in shares of NRG Energy in the third quarter worth about $26,000. Covestor Ltd increased its holdings in 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 during the last quarter. Rothschild Investment LLC purchased a new position in shares of NRG Energy during the 2nd quarter valued at approximately $32,000. First Horizon Advisors Inc. boosted its stake in shares of NRG Energy by 76.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock valued at $34,000 after buying an additional 191 shares during the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of NRG Energy in the third quarter worth $35,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on NRG. BMO Capital Markets boosted their target price on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 19th. Guggenheim boosted their price objective on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Wells Fargo & Company increased their target price on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from $93.00 to $113.00 in a report on Tuesday, November 26th. Finally, Citigroup raised their price objective on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $102.71.

NRG Energy Stock Performance

NRG stock opened at $99.26 on Monday. NRG Energy, Inc. has a 1 year low of $47.22 and a 1 year high of $103.14. The stock has a market capitalization of $20.11 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 1.35 and a beta of 1.12. 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 stock’s fifty day moving average is $92.71 and its two-hundred day moving average is $84.36.

NRG Energy Announces Dividend

The company 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 1.64%. NRG Energy’s dividend payout ratio is presently 40.95%.

Insider Buying and Selling at NRG Energy

In other news, insider Rasesh M. Patel sold 102,603 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $80.35, for a total transaction of $8,244,151.05. Following the transaction, the insider now directly owns 163,680 shares of the company’s stock, valued at approximately $13,151,688. This trade represents a 38.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is currently owned by company insiders.

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.