NRG Energy, Inc. (NYSE:NRG) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP lessened its holdings in NRG Energy, Inc. (NYSE:NRG) by 64.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,539 shares of the utilities provider’s stock after selling 20,735 shares during the period. Aigen Investment Management LP’s holdings in NRG Energy were worth $1,051,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of NRG. Sumitomo Mitsui Trust Group Inc. increased its position in shares of NRG Energy by 1.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 523,758 shares of the utilities provider’s stock valued at $47,714,000 after buying an additional 8,426 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in NRG Energy during the third quarter valued at $280,000. Ashton Thomas Securities LLC acquired a new stake in shares of NRG Energy in the third quarter valued at about $26,000. Los Angeles Capital Management LLC raised its position in shares of NRG Energy by 32,962.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider’s stock worth $95,901,000 after purchasing an additional 1,049,521 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in NRG Energy by 124.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,429 shares of the utilities provider’s stock valued at $1,770,000 after buying an additional 10,782 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Stock Down 1.7 %

Shares of NYSE NRG opened at $92.68 on Wednesday. NRG Energy, Inc. has a 1 year low of $44.90 and a 1 year high of $102.84. The company has a market capitalization of $18.77 billion, a P/E ratio of 23.29, a P/E/G ratio of 1.37 and a beta of 1.10. The company has a 50 day simple moving average of $87.66 and a 200-day simple moving average of $82.11. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.4075 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a yield of 1.76%. NRG Energy’s dividend payout ratio is currently 40.95%.

Wall Street Analyst Weigh In

NRG has been the subject of several research reports. Wells Fargo & Company boosted their price objective on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday. Jefferies Financial Group initiated coverage on NRG Energy in a research note on Friday, September 13th. They issued a “hold” rating and a $82.00 price objective for the company. Citigroup upped their target price on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. BMO Capital Markets raised their price target on shares of NRG Energy from $90.00 to $94.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Finally, StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $97.43.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of NRG Energy stock in a transaction dated 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 completion of the sale, the insider now directly owns 163,680 shares in the company, valued at $13,151,688. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by corporate insiders.

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.