Harvest Fund Management Co. Ltd Has $2.57 Million Stock Position in NRG Energy, Inc. (NYSE:NRG)

Harvest Fund Management Co. Ltd lessened its holdings in NRG Energy, Inc. (NYSE:NRG) by 15.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,245 shares of the utilities provider’s stock after selling 4,973 shares during the period. Harvest Fund Management Co. Ltd’s holdings in NRG Energy were worth $2,573,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Banco Santander S.A. raised 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 acquiring an additional 24,834 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of NRG Energy by 65.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock worth $124,318,000 after buying an additional 633,765 shares during the period. Los Angeles Capital Management LLC raised its holdings in 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 worth $95,901,000 after acquiring an additional 1,049,521 shares during the period. Zimmer Partners LP acquired a new position in NRG Energy during the 1st quarter worth $64,306,000. Finally, Jupiter Asset Management Ltd. grew its position in shares of NRG Energy by 114.3% in 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 currently owned by institutional investors.

Insider Activity

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now owns 163,680 shares of the company’s stock, valued at $13,151,688. This trade represents a 38.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NRG. StockNews.com lowered NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Jefferies Financial Group assumed coverage on shares of NRG Energy in a research report on Friday, September 13th. They set a “hold” rating and a $82.00 target price for the company. Guggenheim raised their target price on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. BMO Capital Markets boosted their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a report on Tuesday, November 19th. Finally, Wells Fargo & Company boosted their price objective on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $98.29.

NRG Energy Stock Performance

NRG opened at $95.48 on Monday. 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 business’s 50-day simple moving average is $90.06 and its 200 day simple moving average is $83.18. The firm has a market capitalization of $19.34 billion, a PE ratio of 23.99, a PEG ratio of 1.39 and a beta of 1.10. NRG Energy, Inc. has a 52-week low of $45.29 and a 52-week high of $102.84.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Friday, November 1st. NRG Energy’s dividend payout ratio is currently 40.95%.

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.