DRW Securities LLC Purchases 7,681 Shares of NRG Energy, Inc. (NYSE:NRG)

DRW Securities LLC increased its position in NRG Energy, Inc. (NYSE:NRG) by 181.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,913 shares of the utilities provider’s stock after purchasing an additional 7,681 shares during the quarter. DRW Securities LLC’s holdings in NRG Energy were worth $1,085,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in NRG Energy during the 3rd quarter valued at $26,000. Covestor Ltd boosted its position in NRG Energy by 74.7% during the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 139 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in NRG Energy during the 3rd quarter valued at $35,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in NRG Energy during the 3rd quarter valued at $36,000. Finally, Rothschild Investment LLC bought a new stake in NRG Energy during the 2nd quarter valued at $32,000. Institutional investors own 97.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. BMO Capital Markets increased their target price on NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research report on Tuesday, November 19th. Guggenheim raised their price objective on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Citigroup raised their price objective on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group started coverage on NRG Energy in a research report on Friday, September 13th. They issued a “hold” rating and a $82.00 price objective for the company. Finally, Wells Fargo & Company raised their target price on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, NRG Energy presently has a consensus rating of “Hold” and a consensus price target of $98.29.

Insider Buying and Selling

In other news, insider Rasesh M. Patel sold 102,603 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $13,151,688. The trade was a 38.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.61% of the stock is currently owned by insiders.

NRG Energy Price Performance

Shares of NRG Energy stock opened at $91.92 on Tuesday. 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, Inc. has a twelve month low of $45.46 and a twelve month high of $102.84. The firm has a market cap of $18.62 billion, a PE ratio of 23.10, a P/E/G ratio of 1.39 and a beta of 1.10. The business has a 50-day moving average price of $90.28 and a 200 day moving average price of $83.25.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.4075 dividend. This represents a $1.63 annualized dividend and a yield of 1.77%. The ex-dividend date was Friday, November 1st. NRG Energy’s payout ratio 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.