Sunbelt Securities Inc. Makes New $129,000 Investment in NRG Energy, Inc. (NYSE:NRG)

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in NRG Energy during the 3rd quarter valued at $26,000. Covestor Ltd raised its position in shares of NRG Energy by 74.7% in the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 139 shares during the period. Rothschild Investment LLC bought a new position in shares of NRG Energy in the second quarter valued at about $32,000. First Horizon Advisors Inc. lifted its stake in shares of NRG Energy by 76.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock worth $34,000 after buying an additional 191 shares during the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of NRG Energy during the 3rd quarter worth about $35,000. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Stock Down 0.2 %

Shares of NYSE NRG opened at $94.98 on Friday. The stock has a market capitalization of $19.24 billion, a P/E ratio of 23.86, a PEG ratio of 1.30 and a beta of 1.12. The stock’s fifty day moving average is $92.91 and its 200 day moving average is $84.74. NRG Energy, Inc. has a 52 week low of $47.88 and a 52 week high of $103.14. 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. Stockholders of record on Friday, November 1st were given a $0.4075 dividend. This represents a $1.63 annualized dividend and a dividend yield of 1.72%. The ex-dividend date was Friday, November 1st. NRG Energy’s payout ratio is presently 40.95%.

Analyst Ratings Changes

Several brokerages have issued reports on NRG. Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and raised their price objective for the stock from $93.00 to $113.00 in a research report on Tuesday, November 26th. 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 research note 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 research report on Tuesday, November 19th. StockNews.com cut shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Finally, Guggenheim raised their price target on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, NRG Energy currently has an average rating of “Moderate Buy” and an average 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.