Qsemble Capital Management LP Boosts Stock Position in NRG Energy, Inc. (NYSE:NRG)

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

A number of other institutional investors have also modified their holdings of NRG. Banco Santander S.A. increased its position in 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. increased its holdings in shares of 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 valued at $124,318,000 after acquiring an additional 633,765 shares in the last quarter. Los Angeles Capital Management LLC raised its position in shares of NRG Energy by 32,962.3% in 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. Zimmer Partners LP acquired a new stake in NRG Energy in the 1st quarter worth approximately $64,306,000. Finally, Jupiter Asset Management Ltd. grew its position in NRG Energy by 114.3% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 837,461 shares of the utilities provider’s stock worth $65,205,000 after purchasing an additional 446,743 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Trading Down 3.7 %

Shares of NRG Energy stock opened at $91.92 on Tuesday. The firm has a 50-day simple moving average of $90.28 and a two-hundred day simple moving average of $83.25. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. NRG Energy, Inc. has a fifty-two week low of $45.46 and a fifty-two week high of $102.84. The company has a market cap of $18.62 billion, a P/E ratio of 23.10, 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 given a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Friday, November 1st. NRG Energy’s dividend payout ratio (DPR) is presently 40.95%.

Insider Transactions at NRG Energy

In related news, insider Rasesh M. Patel sold 102,603 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $80.35, for a total transaction 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. This represents a 38.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

NRG has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price target 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. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Guggenheim raised their price objective on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Jefferies Financial Group began coverage on NRG Energy in a report on Friday, September 13th. They set a “hold” rating and a $82.00 target price for the company. Finally, BMO Capital Markets increased their price target on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, NRG Energy currently has a consensus rating of “Hold” and a consensus target price 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.