Sunbelt Securities Inc. Takes $129,000 Position in NRG Energy, Inc. (NYSE:NRG)

Sunbelt Securities Inc. acquired a new position in shares of NRG Energy, Inc. (NYSE:NRG) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,411 shares of the utilities provider’s stock, valued at approximately $129,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its position in shares of NRG Energy by 16.1% during the third quarter. Toronto Dominion Bank now owns 113,868 shares of the utilities provider’s stock worth $10,373,000 after purchasing an additional 15,813 shares during the period. Coldstream Capital Management Inc. raised its holdings in NRG Energy by 5.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 6,829 shares of the utilities provider’s stock worth $622,000 after buying an additional 326 shares during the period. Geode Capital Management LLC lifted its stake in NRG Energy by 6.2% in the third quarter. Geode Capital Management LLC now owns 5,399,098 shares of the utilities provider’s stock valued at $494,225,000 after buying an additional 313,478 shares in the last quarter. MidWestOne Financial Group Inc. boosted its holdings in shares of NRG Energy by 5.3% in the third quarter. MidWestOne Financial Group Inc. now owns 12,087 shares of the utilities provider’s stock valued at $1,101,000 after buying an additional 606 shares during the period. Finally, M&T Bank Corp increased its position in shares of NRG Energy by 0.3% during the third quarter. M&T Bank Corp now owns 38,213 shares of the utilities provider’s stock worth $3,481,000 after acquiring an additional 113 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Guggenheim boosted their price objective 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. Wells Fargo & Company boosted 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. BMO Capital Markets increased their price objective on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and boosted their target price for the company from $93.00 to $113.00 in a research note on Tuesday, November 26th. Finally, Citigroup raised their price target on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $102.71.

NRG Energy Stock Performance

Shares of NYSE NRG opened at $94.98 on Friday. The stock has a market capitalization of $19.24 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 1.30 and a beta of 1.12. NRG Energy, Inc. has a 52 week low of $47.88 and a 52 week high of $103.14. The stock has a 50 day moving average price of $92.91 and a 200 day moving average price of $84.74. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.4075 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.63 annualized dividend and a dividend yield of 1.72%. NRG Energy’s dividend payout ratio is presently 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.