4,729 Shares in NRG Energy, Inc. (NYSE:NRG) Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. acquired a new stake in shares of NRG Energy, Inc. (NYSE:NRG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,729 shares of the utilities provider’s stock, valued at approximately $431,000.

A number of other hedge funds have also recently modified their holdings of the business. Ashton Thomas Securities LLC bought a new position in NRG Energy in the 3rd quarter worth about $26,000. Covestor Ltd lifted its stake in shares of NRG Energy by 74.7% in the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after buying an additional 139 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of NRG Energy during the second quarter valued at approximately $32,000. First Horizon Advisors Inc. increased its position in shares of NRG Energy by 76.1% during the second quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 191 shares in the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new position in NRG Energy in the 3rd quarter worth approximately $35,000. Institutional investors own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Guggenheim increased their target price on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. BMO Capital Markets lifted their price objective on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday. Citigroup upped their target price on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. 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 report on Monday, November 11th. Finally, Jefferies Financial Group assumed coverage on shares of NRG Energy in a report on Friday, September 13th. They issued a “hold” rating and a $82.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $98.29.

NRG Energy Trading Up 2.4 %

Shares of NRG stock opened at $96.76 on Friday. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The company has a market cap of $19.60 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 1.38 and a beta of 1.10. NRG Energy, Inc. has a 1 year low of $45.04 and a 1 year high of $102.84. The firm has a fifty day moving average price of $89.77 and a 200-day moving average price of $82.94.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a yield of 1.68%. The ex-dividend date was Friday, November 1st. NRG Energy’s dividend payout ratio is presently 40.95%.

Insider Transactions at NRG Energy

In other news, insider Rasesh M. Patel sold 102,603 shares of the firm’s stock in a transaction on 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 sale, the insider now directly owns 163,680 shares in the company, 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 Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.86% of the company’s stock.

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.