Bank of Montreal Can Sells 224,274 Shares of NRG Energy, Inc. (NYSE:NRG)

Bank of Montreal Can trimmed its holdings in NRG Energy, Inc. (NYSE:NRG) by 29.1% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 546,816 shares of the utilities provider’s stock after selling 224,274 shares during the quarter. Bank of Montreal Can’s holdings in NRG Energy were worth $49,881,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NRG. Banco Santander S.A. grew its stake in shares of NRG Energy by 0.9% during the 3rd quarter. Banco Santander S.A. now owns 2,820,500 shares of the utilities provider’s stock valued at $256,948,000 after purchasing an additional 24,834 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of 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 purchasing an additional 633,765 shares during the period. Los Angeles Capital Management LLC grew its stake 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 valued at $95,901,000 after purchasing an additional 1,049,521 shares during the period. Jupiter Asset Management Ltd. grew its stake in shares of NRG Energy by 114.3% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 837,461 shares of the utilities provider’s stock valued at $65,205,000 after purchasing an additional 446,743 shares during the period. Finally, Assetmark Inc. grew its stake in shares of NRG Energy by 109.2% during the 3rd quarter. Assetmark Inc. now owns 746,994 shares of the utilities provider’s stock valued at $68,051,000 after purchasing an additional 389,997 shares during the period. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Stock Down 2.2 %

NYSE NRG opened at $98.89 on Thursday. The stock’s 50 day moving average is $90.68 and its 200 day moving average is $83.37. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a 12 month low of $46.23 and a 12 month high of $102.84. The stock has a market cap of $20.03 billion, a PE ratio of 24.85, a P/E/G ratio of 1.34 and a beta of 1.10.

NRG Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.4075 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a yield of 1.65%. NRG Energy’s dividend payout ratio is presently 40.95%.

Insider Buying and Selling

In related news, insider Rasesh M. Patel sold 102,603 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $80.35, for a total value of $8,244,151.05. Following the transaction, the insider now directly owns 163,680 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NRG shares. Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from $93.00 to $113.00 in a research note on Tuesday. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. BMO Capital Markets boosted their price objective on NRG Energy from $94.00 to $100.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. Citigroup boosted their price objective on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company boosted their price objective on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $102.71.

NRG Energy 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.