NRG Energy, Inc. (NYSE:NRG) Shares Bought by Banco Santander S.A.

Banco Santander S.A. grew its stake in NRG Energy, Inc. (NYSE:NRG) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,820,500 shares of the utilities provider’s stock after purchasing an additional 24,834 shares during the period. NRG Energy makes up approximately 3.0% of Banco Santander S.A.’s holdings, making the stock its 4th largest holding. Banco Santander S.A. owned approximately 1.37% of NRG Energy worth $256,948,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new stake in NRG Energy during the 3rd quarter worth approximately $26,000. Covestor Ltd grew its holdings in shares of NRG Energy by 74.7% during the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 139 shares during the last quarter. Rothschild Investment LLC acquired a new stake in shares of NRG Energy in the second quarter valued at $32,000. First Horizon Advisors Inc. raised its holdings in shares of NRG Energy by 76.1% in the second quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock valued at $34,000 after buying an additional 191 shares during the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new position in NRG Energy during the 3rd quarter worth about $35,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NRG has been the topic of a number of research reports. 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 research report on Thursday, October 31st. BMO Capital Markets boosted their target price on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research report on Tuesday. Wells Fargo & Company raised their price target on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Guggenheim upped their target price on shares of NRG Energy from $77.00 to $118.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Jefferies Financial Group began coverage on shares of NRG Energy in a research report on Friday, September 13th. They set a “hold” rating and a $82.00 price target for the company. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $98.29.

NRG Energy Price Performance

Shares of NRG stock opened at $95.10 on Thursday. The firm has a market capitalization of $19.26 billion, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 1.38 and a beta of 1.10. NRG Energy, Inc. has a 12-month low of $45.04 and a 12-month high of $102.84. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The firm has a fifty day moving average of $89.43 and a 200-day moving average of $82.84.

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Friday, November 1st. NRG Energy’s dividend payout ratio (DPR) is presently 40.95%.

Insider Activity at NRG Energy

In related news, insider Rasesh M. Patel sold 102,603 shares of the stock in a transaction dated 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 transaction, the insider now directly 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. 0.86% of the stock is owned by 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.