Raymond James Trust N.A. Purchases 679 Shares of NRG Energy, Inc. (NYSE:NRG)

Raymond James Trust N.A. lifted its position in NRG Energy, Inc. (NYSE:NRG) by 21.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,919 shares of the utilities provider’s stock after buying an additional 679 shares during the period. Raymond James Trust N.A.’s holdings in NRG Energy were worth $357,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in NRG Energy during the 3rd quarter valued at $26,000. Covestor Ltd boosted its position in shares of NRG Energy by 74.7% during the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after buying an additional 139 shares during the last quarter. Rothschild Investment LLC bought a new stake in NRG Energy in the 2nd quarter worth about $32,000. First Horizon Advisors Inc. raised its position in NRG Energy by 76.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock worth $34,000 after buying an additional 191 shares during the last quarter. Finally, Harbor Capital Advisors Inc. bought a new position in NRG Energy during the 3rd quarter valued at about $35,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NRG shares. 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. Guggenheim increased their price target on NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Citigroup lifted their price objective on NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Finally, 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. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, NRG Energy has an average rating of “Moderate Buy” and an average target price of $102.71.

Insider Activity

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $80.35, for a total value of $8,244,151.05. Following the completion of the sale, the insider now owns 163,680 shares in the company, valued at approximately $13,151,688. This represents a 38.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.61% of the company’s stock.

NRG Energy Stock Down 2.2 %

NRG stock opened at $98.89 on Thursday. The business’s 50-day moving average price is $90.68 and its 200-day moving average price is $83.37. The stock has a market cap of $20.03 billion, a P/E ratio of 24.99, a PEG ratio of 1.34 and a beta of 1.10. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a twelve month low of $46.23 and a twelve month high of $102.84.

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $0.4075 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.65%. NRG Energy’s payout ratio is currently 40.95%.

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.