UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stake in NRG Energy, Inc. (NYSE:NRG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in NRG Energy, Inc. (NYSE:NRG) by 8.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,041,153 shares of the utilities provider’s stock after purchasing an additional 82,919 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.51% of NRG Energy worth $94,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Banco Santander S.A. lifted its stake in shares of 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 buying an additional 24,834 shares in the last quarter. Assenagon Asset Management S.A. boosted 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 purchasing an additional 633,765 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of NRG Energy by 32,962.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,052,705 shares of the utilities provider’s stock worth $95,901,000 after purchasing an additional 1,049,521 shares in the last quarter. Jupiter Asset Management Ltd. raised its stake in shares of NRG Energy by 114.3% in the second quarter. Jupiter Asset Management Ltd. now owns 837,461 shares of the utilities provider’s stock worth $65,205,000 after purchasing an additional 446,743 shares during the last quarter. Finally, Bridgewater Associates LP lifted its holdings in shares of NRG Energy by 352.9% during the third quarter. Bridgewater Associates LP now owns 804,801 shares of the utilities provider’s stock valued at $73,317,000 after purchasing an additional 627,121 shares in the last quarter. Institutional investors own 97.72% of the company’s stock.

Insiders Place Their Bets

In other news, insider Rasesh M. Patel sold 102,603 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $80.35, for a total value of $8,244,151.05. Following the completion of the sale, the insider now directly owns 163,680 shares of the company’s stock, valued at $13,151,688. This represents a 38.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.86% of the stock is owned by company insiders.

NRG Energy Stock Performance

Shares of NRG opened at $101.61 on Monday. The business has a 50-day simple moving average of $91.65 and a two-hundred day simple moving average of $83.73. 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, Inc. has a 52 week low of $46.74 and a 52 week high of $103.14. The stock has a market cap of $20.58 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 1.38 and a beta of 1.10.

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 issued a $0.4075 dividend. This represents a $1.63 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Friday, November 1st. NRG Energy’s dividend payout ratio is 40.95%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NRG. Guggenheim boosted 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. StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Citigroup lifted 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 raised their price target on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 19th. Finally, Jefferies Financial Group raised NRG Energy from a “hold” rating to a “buy” rating and increased their target price for the company from $93.00 to $113.00 in a report on Tuesday, November 26th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $102.71.

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.