NRG Energy, Inc. (NYSE:NRG) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 15.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,805 shares of the utilities provider’s stock after selling 6,336 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in NRG Energy were worth $3,171,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Cetera Investment Advisers raised its position in NRG Energy by 104.5% in the 1st quarter. Cetera Investment Advisers now owns 73,865 shares of the utilities provider’s stock valued at $5,000,000 after purchasing an additional 37,750 shares in the last quarter. Cetera Advisors LLC lifted its stake in NRG Energy by 106.9% in the first quarter. Cetera Advisors LLC now owns 14,908 shares of the utilities provider’s stock worth $1,009,000 after acquiring an additional 7,704 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in NRG Energy by 43.6% in the second quarter. Massmutual Trust Co. FSB ADV now owns 781 shares of the utilities provider’s stock worth $61,000 after acquiring an additional 237 shares during the last quarter. Mather Group LLC. increased its position in shares of NRG Energy by 60.5% in the 2nd quarter. Mather Group LLC. now owns 772 shares of the utilities provider’s stock valued at $60,000 after purchasing an additional 291 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of NRG Energy by 5.5% in the 2nd quarter. CWM LLC now owns 7,422 shares of the utilities provider’s stock valued at $578,000 after purchasing an additional 390 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Down 0.3 %

NRG stock opened at $99.11 on Wednesday. The company has a market cap of $20.08 billion, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 1.35 and a beta of 1.12. The company has a fifty day moving average price of $91.88 and a 200 day moving average price of $83.84. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. NRG Energy, Inc. has a 12 month low of $47.22 and a 12 month high of $103.14.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a dividend of $0.4075 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.63 annualized dividend and a dividend yield of 1.64%. NRG Energy’s dividend payout ratio (DPR) is 40.95%.

Insider Buying and Selling

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the 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 completion of the sale, the insider now directly owns 163,680 shares of the company’s stock, valued at approximately $13,151,688. This trade represents a 38.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NRG. BMO Capital Markets boosted their target price on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 19th. Guggenheim increased their price objective on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and raised their price objective for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Finally, 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 report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $102.71.

NRG Energy 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.