Captrust Financial Advisors Purchases 3,637 Shares of NRG Energy, Inc. (NYSE:NRG)

Captrust Financial Advisors increased its position in NRG Energy, Inc. (NYSE:NRG) by 81.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,106 shares of the utilities provider’s stock after acquiring an additional 3,637 shares during the quarter. Captrust Financial Advisors’ holdings in NRG Energy were worth $738,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NRG. Castle Rock Wealth Management LLC grew its position in shares of NRG Energy by 3.5% in the third quarter. Castle Rock Wealth Management LLC now owns 3,746 shares of the utilities provider’s stock valued at $356,000 after purchasing an additional 126 shares during the last quarter. Park Avenue Securities LLC boosted its stake in NRG Energy by 2.8% during the 3rd quarter. Park Avenue Securities LLC now owns 4,910 shares of the utilities provider’s stock valued at $447,000 after purchasing an additional 134 shares during the period. Covestor Ltd grew its holdings in NRG Energy by 74.7% in the 3rd 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. Asahi Life Asset Management CO. LTD. increased its position in NRG Energy by 3.5% in the 3rd quarter. Asahi Life Asset Management CO. LTD. now owns 4,420 shares of the utilities provider’s stock worth $403,000 after buying an additional 150 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings 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 worth $34,000 after buying an additional 191 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $80.35, for a total value of $8,244,151.05. Following the transaction, the insider now directly owns 163,680 shares in the company, valued at $13,151,688. The trade was a 38.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.86% of the company’s stock.

NRG Energy Stock Down 2.4 %

NYSE NRG opened at $93.73 on Wednesday. NRG Energy, Inc. has a 1-year low of $47.60 and a 1-year high of $103.14. The company has a market capitalization of $18.99 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 1.35 and a beta of 1.12. The stock’s 50 day moving average is $92.83 and its two-hundred day moving average is $84.52. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.4075 dividend. This represents a $1.63 annualized dividend and a yield of 1.74%. The ex-dividend date was Friday, November 1st. NRG Energy’s dividend payout ratio is 40.95%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NRG shares. StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Guggenheim boosted their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Citigroup increased 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. Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Finally, BMO Capital Markets raised 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.71.

About NRG Energy

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.