NRG Energy, Inc. (NYSE:NRG) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its stake in NRG Energy, Inc. (NYSE:NRGGet Rating) by 11.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,111 shares of the utilities provider’s stock after purchasing an additional 1,819 shares during the period. Advisors Asset Management Inc.’s holdings in NRG Energy were worth $691,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NRG. First Horizon Advisors Inc. grew its stake in shares of NRG Energy by 206.8% during the second quarter. First Horizon Advisors Inc. now owns 681 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 459 shares in the last quarter. West Oak Capital LLC grew its stake in shares of NRG Energy by 300.0% during the second quarter. West Oak Capital LLC now owns 1,600 shares of the utilities provider’s stock valued at $61,000 after acquiring an additional 1,200 shares in the last quarter. Sugarloaf Wealth Management LLC grew its stake in shares of NRG Energy by 3,223.5% during the second quarter. Sugarloaf Wealth Management LLC now owns 1,695 shares of the utilities provider’s stock valued at $65,000 after acquiring an additional 1,644 shares in the last quarter. Van ECK Associates Corp bought a new position in shares of NRG Energy during the second quarter worth about $71,000. Finally, Cowa LLC bought a new position in shares of NRG Energy during the first quarter worth about $74,000. 95.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NRG has been the topic of several research analyst reports. StockNews.com initiated coverage on shares of NRG Energy in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. BMO Capital Markets increased their price target on shares of NRG Energy from $44.00 to $46.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 8th. The Goldman Sachs Group reduced their price target on shares of NRG Energy from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, August 9th. Finally, Morgan Stanley increased their price target on shares of NRG Energy from $46.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, October 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $44.17.

NRG Energy Stock Performance

Shares of NYSE NRG opened at $41.34 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.32 and a debt-to-equity ratio of 1.55. The firm’s 50-day moving average price is $42.43 and its two-hundred day moving average price is $41.17. NRG Energy, Inc. has a 52-week low of $34.91 and a 52-week high of $47.82. The stock has a market capitalization of $9.52 billion, a P/E ratio of 5.25, a P/E/G ratio of 0.31 and a beta of 0.89.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st were issued a $0.35 dividend. The ex-dividend date was Monday, October 31st. This represents a $1.40 dividend on an annualized basis and a yield of 3.39%. NRG Energy’s dividend payout ratio is currently 17.77%.

About NRG Energy

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NRG Energy, Inc engages in the production, sale, and distribution of energy and energy services. It operates through the following segments: Generation, Retail, and Corporate. The Generation segment includes all power plant activities, domestic and international, as well as renewables. The Retail segment includes mass customers and business solutions, and other distributed and reliability products.

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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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