Dynamic Technology Lab Private Ltd Sells 18,531 Shares of NRG Energy, Inc. (NYSE:NRG)

Dynamic Technology Lab Private Ltd cut its position in shares of NRG Energy, Inc. (NYSE:NRG) by 40.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 27,529 shares of the utilities provider’s stock after selling 18,531 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in NRG Energy were worth $2,508,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Banco Santander S.A. boosted its holdings in shares of NRG Energy by 0.9% during 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 buying an additional 24,834 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in 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 acquiring an additional 633,765 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in NRG Energy by 32,962.3% in the third quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider’s stock worth $95,901,000 after purchasing an additional 1,049,521 shares during the period. Zimmer Partners LP bought a new position in shares of NRG Energy during the first quarter valued at approximately $64,306,000. Finally, Jupiter Asset Management Ltd. lifted its holdings in shares of NRG Energy by 114.3% during the second quarter. Jupiter Asset Management Ltd. now owns 837,461 shares of the utilities provider’s stock valued at $65,205,000 after purchasing an additional 446,743 shares during the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NRG Energy

In other news, insider Rasesh M. Patel sold 102,603 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $80.35, for a total value of $8,244,151.05. Following the completion of the sale, the insider now directly owns 163,680 shares in the company, valued at $13,151,688. This represents a 38.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.61% of the company’s stock.

NRG Energy Stock Down 1.5 %

NRG Energy stock opened at $95.48 on Monday. NRG Energy, Inc. has a one year low of $45.29 and a one year high of $102.84. The stock has a fifty day moving average of $90.06 and a 200 day moving average of $83.18. 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 has a market cap of $19.34 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 1.39 and a beta of 1.10.

NRG Energy Announces Dividend

The firm also recently disclosed 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 1.71%. The ex-dividend date of this dividend was Friday, November 1st. NRG Energy’s dividend payout ratio (DPR) is presently 40.95%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NRG. Jefferies Financial Group started coverage on NRG Energy in a research note on Friday, September 13th. They issued a “hold” rating and a $82.00 price target on the stock. BMO Capital Markets increased their target price on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 19th. StockNews.com lowered NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Guggenheim increased their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Wells Fargo & Company lifted 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, November 11th. Five 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 has a consensus rating of “Hold” and an average price target of $98.29.

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.