NRG Energy, Inc. (NYSE:NRG) Shares Purchased by Commerce Bank

Commerce Bank lifted its position in shares of NRG Energy, Inc. (NYSE:NRG) by 526.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 39,513 shares of the utilities provider’s stock after acquiring an additional 33,207 shares during the period. Commerce Bank’s holdings in NRG Energy were worth $3,600,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Quadrature Capital Ltd grew its position in NRG Energy by 148.6% in the 1st quarter. Quadrature Capital Ltd now owns 21,814 shares of the utilities provider’s stock worth $1,477,000 after purchasing an additional 13,040 shares during the last quarter. Cetera Investment Advisers increased its position in NRG Energy by 104.5% in the 1st quarter. Cetera Investment Advisers now owns 73,865 shares of the utilities provider’s stock valued at $5,000,000 after acquiring an additional 37,750 shares during the period. Assenagon Asset Management S.A. raised its stake in NRG Energy by 65.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock valued at $124,318,000 after acquiring an additional 633,765 shares in the last quarter. Friedenthal Financial acquired a new position in NRG Energy during the 2nd quarter worth $746,000. Finally, NatWest Group plc grew its stake in shares of NRG Energy by 9.1% in the third quarter. NatWest Group plc now owns 79,202 shares of the utilities provider’s stock worth $7,215,000 after purchasing an additional 6,618 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets upped their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday. Jefferies Financial Group initiated coverage on shares of NRG Energy in a research note on Friday, September 13th. They issued a “hold” rating and a $82.00 price target for the company. Citigroup raised their price objective 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. Guggenheim upped their target price on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Wells Fargo & Company lifted their price target on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $98.29.

Insider Activity at NRG Energy

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of NRG Energy stock in a transaction that occurred 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 transaction, the insider now directly owns 163,680 shares in the company, valued at approximately $13,151,688. The trade was a 38.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.86% of the stock is currently owned by corporate insiders.

NRG Energy Price Performance

NYSE NRG opened at $95.48 on Friday. The stock has a market capitalization of $19.34 billion, a P/E ratio of 23.99, a P/E/G ratio of 1.38 and a beta of 1.10. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The business’s fifty day moving average is $90.06 and its two-hundred day moving average is $83.06. NRG Energy, Inc. has a 1 year low of $45.29 and a 1 year high of $102.84.

NRG Energy Announces Dividend

The business also recently announced 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 was Friday, November 1st. NRG Energy’s dividend payout ratio is 40.95%.

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.