Coldstream Capital Management Inc. Acquires 326 Shares of NRG Energy, Inc. (NYSE:NRG)

Coldstream Capital Management Inc. grew its stake in NRG Energy, Inc. (NYSE:NRG) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,829 shares of the utilities provider’s stock after purchasing an additional 326 shares during the period. Coldstream Capital Management Inc.’s holdings in NRG Energy were worth $622,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC boosted its stake in NRG Energy by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 5,399,098 shares of the utilities provider’s stock valued at $494,225,000 after buying an additional 313,478 shares in the last quarter. Banco Santander S.A. boosted its stake in shares of NRG Energy by 0.9% in the 3rd quarter. Banco Santander S.A. now owns 2,820,500 shares of the utilities provider’s stock valued at $256,948,000 after purchasing an additional 24,834 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of NRG Energy by 7.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,663,441 shares of the utilities provider’s stock worth $242,639,000 after purchasing an additional 182,481 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of NRG Energy by 52.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,330,706 shares of the utilities provider’s stock worth $121,227,000 after purchasing an additional 456,573 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in NRG Energy by 32,962.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider’s stock valued at $95,901,000 after purchasing an additional 1,049,521 shares during the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Trading Down 0.2 %

Shares of NRG opened at $94.98 on Friday. The stock’s fifty day simple moving average is $92.91 and its 200-day simple moving average is $84.73. The firm has a market capitalization of $19.24 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 1.30 and a beta of 1.12. NRG Energy, Inc. has a 12-month low of $47.88 and a 12-month high of $103.14. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57.

NRG Energy Announces Dividend

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

Analysts Set New Price Targets

Several analysts have weighed in on NRG shares. BMO Capital Markets upped their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 19th. Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and increased their price target for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. 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. Finally, Guggenheim lifted their price target on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $102.71.

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.