Private Trust Co. NA Sells 284 Shares of NRG Energy, Inc. (NYSE:NRG)

Private Trust Co. NA trimmed its position in shares of NRG Energy, Inc. (NYSE:NRG) by 21.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,056 shares of the utilities provider’s stock after selling 284 shares during the quarter. Private Trust Co. NA’s holdings in NRG Energy were worth $96,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NRG. Cetera Investment Advisers boosted its position in NRG Energy by 104.5% during the 1st quarter. Cetera Investment Advisers now owns 73,865 shares of the utilities provider’s stock worth $5,000,000 after buying an additional 37,750 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of NRG Energy by 65.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock worth $124,318,000 after purchasing an additional 633,765 shares during the last quarter. Friedenthal Financial bought a new position in NRG Energy during the 2nd quarter worth $746,000. Bank of Hawaii grew its position in shares of NRG Energy by 95.5% in the 3rd quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider’s stock valued at $1,429,000 after buying an additional 7,662 shares during the last quarter. Finally, Intech Investment Management LLC increased its stake in shares of NRG Energy by 169.3% in the third quarter. Intech Investment Management LLC now owns 263,904 shares of the utilities provider’s stock valued at $24,042,000 after buying an additional 165,912 shares during the period. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Price Performance

Shares of NYSE NRG opened at $101.61 on Friday. The firm has a market capitalization of $20.58 billion, a P/E ratio of 25.53, a P/E/G ratio of 1.35 and a beta of 1.10. The firm’s 50-day moving average price is $91.36 and its 200-day moving average price is $83.59. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a 1-year low of $46.74 and a 1-year high of $103.14.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Friday, November 1st. NRG Energy’s dividend payout ratio (DPR) is currently 40.95%.

Insiders Place Their Bets

In other news, insider Rasesh M. Patel sold 102,603 shares of the company’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 of the company’s stock, valued at $13,151,688. This represents a 38.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

NRG has been the topic of several analyst reports. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Citigroup increased their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Wells Fargo & Company lifted their target price on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and upped their price target for the company from $93.00 to $113.00 in a research report on Tuesday. Finally, 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 research report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $102.71.

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.