Charles Schwab Investment Management Inc. Decreases Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Charles Schwab Investment Management Inc. lowered its position in NRG Energy, Inc. (NYSE:NRG) by 1.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,965,155 shares of the utilities provider’s stock after selling 36,489 shares during the period. Charles Schwab Investment Management Inc.’s holdings in NRG Energy were worth $179,026,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Banco Santander S.A. grew its holdings in NRG Energy by 0.9% in the third quarter. Banco Santander S.A. now owns 2,820,500 shares of the utilities provider’s stock worth $256,948,000 after purchasing an additional 24,834 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in NRG Energy by 29.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 236,734 shares of the utilities provider’s stock worth $21,566,000 after buying an additional 54,165 shares during the last quarter. Trustmark National Bank Trust Department increased its position in NRG Energy by 9.8% during the 3rd quarter. Trustmark National Bank Trust Department now owns 7,586 shares of the utilities provider’s stock valued at $691,000 after buying an additional 678 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in NRG Energy in the third quarter valued at about $799,000. Finally, Intech Investment Management LLC boosted its holdings in NRG Energy by 169.3% in the third quarter. Intech Investment Management LLC now owns 263,904 shares of the utilities provider’s stock worth $24,042,000 after acquiring an additional 165,912 shares in the last quarter. Institutional investors own 97.72% of the company’s stock.

Insider Activity

In related news, insider Rasesh M. Patel sold 102,603 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 163,680 shares in the company, valued at approximately $13,151,688. This trade represents a 38.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.86% of the company’s stock.

NRG Energy Stock Performance

Shares of NRG stock opened at $95.48 on Friday. The stock has a market cap of $19.34 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10. NRG Energy, Inc. has a 52-week low of $45.29 and a 52-week high of $102.84. The business has a 50-day simple moving average of $90.06 and a 200-day simple moving average of $83.13. 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 Dividend Announcement

The company also recently disclosed 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 was Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.71%. NRG Energy’s payout ratio is 40.95%.

Analyst Ratings Changes

Several brokerages recently commented on NRG. Wells Fargo & Company increased their price objective on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Guggenheim lifted their price objective on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Citigroup upped their target price on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research 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 began 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. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, NRG Energy has an average rating of “Hold” and a consensus target price of $98.29.

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.