World Investment Advisors LLC Invests $254,000 in NRG Energy, Inc. (NYSE:NRG)

World Investment Advisors LLC bought a new stake in shares of NRG Energy, Inc. (NYSE:NRG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,787 shares of the utilities provider’s stock, valued at approximately $254,000.

A number of other hedge funds have also recently bought and sold shares of NRG. Geode Capital Management LLC boosted its position in shares of NRG Energy by 6.2% during 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 purchasing an additional 313,478 shares in the last quarter. Banco Santander S.A. lifted its stake in NRG Energy by 0.9% during the third 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 during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in NRG Energy by 7.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,663,441 shares of the utilities provider’s stock worth $242,639,000 after buying an additional 182,481 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in NRG Energy by 52.2% in the third 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 buying an additional 456,573 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in shares of 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 valued at $95,901,000 after buying an additional 1,049,521 shares in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. StockNews.com lowered NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Citigroup increased their price target on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Guggenheim lifted their price target on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Wells Fargo & Company upped their price objective on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Finally, Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.71.

NRG Energy Stock Down 2.9 %

Shares of NRG Energy stock opened at $88.81 on Thursday. NRG Energy, Inc. has a 1 year low of $49.35 and a 1 year high of $103.14. The company has a market cap of $17.99 billion, a P/E ratio of 22.31, a P/E/G ratio of 1.29 and a beta of 1.12. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The stock has a 50-day moving average price of $92.87 and a 200 day moving average price of $84.91.

NRG Energy Announces Dividend

The business also recently declared 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 1.84%. The ex-dividend date of this dividend was Friday, November 1st. NRG Energy’s dividend payout ratio (DPR) is 40.95%.

About NRG Energy

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.