B. Riley Wealth Advisors Inc. Has $1.16 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

B. Riley Wealth Advisors Inc. decreased its position in shares of NRG Energy, Inc. (NYSE:NRG) by 6.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,567 shares of the utilities provider’s stock after selling 935 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in NRG Energy were worth $1,160,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of NRG. Banco Santander S.A. bought a new stake in shares of NRG Energy during the second quarter valued at approximately $217,671,000. Los Angeles Capital Management LLC boosted its position in 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 valued at $95,901,000 after buying an additional 1,049,521 shares during the last quarter. Fred Alger Management LLC acquired a new stake in shares of NRG Energy in the 2nd quarter valued at $53,773,000. Bridgewater Associates LP increased its stake in shares of NRG Energy by 352.9% in the 3rd quarter. Bridgewater Associates LP now owns 804,801 shares of the utilities provider’s stock valued at $73,317,000 after buying an additional 627,121 shares during the period. Finally, Canada Pension Plan Investment Board bought a new stake in shares of NRG Energy during the second quarter worth $43,134,000. Institutional investors own 97.72% of the company’s stock.

NRG Energy Price Performance

NRG opened at $91.42 on Wednesday. The stock has a market cap of $18.52 billion, a P/E ratio of 22.97, a P/E/G ratio of 1.29 and a beta of 1.12. NRG Energy, Inc. has a 12 month low of $48.64 and a 12 month high of $103.14. 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 company has a fifty day simple moving average of $92.86 and a 200 day simple moving average of $84.88.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $0.4075 dividend. This represents a $1.63 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Friday, November 1st. NRG Energy’s dividend payout ratio (DPR) is presently 40.95%.

Analysts Set New Price Targets

A number of brokerages recently commented on NRG. BMO Capital Markets lifted their price objective on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 19th. Citigroup boosted 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. StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and upped their target price for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. Finally, Wells Fargo & Company lifted their price objective on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, NRG Energy has an average rating of “Moderate Buy” and a consensus target price of $102.71.

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.