5,502 Shares in NRG Energy Inc (NRG) Acquired by Moody National Bank Trust Division

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Moody National Bank Trust Division acquired a new position in NRG Energy Inc (NYSE:NRG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,502 shares of the utilities provider’s stock, valued at approximately $206,000.

A number of other hedge funds have also bought and sold shares of NRG. MERIAN GLOBAL INVESTORS UK Ltd lifted its position in shares of NRG Energy by 362.4% during the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 3,838,175 shares of the utilities provider’s stock valued at $143,547,000 after buying an additional 3,008,067 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of NRG Energy by 33.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,946,617 shares of the utilities provider’s stock valued at $259,803,000 after buying an additional 1,748,586 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of NRG Energy during the 2nd quarter valued at $53,030,000. Bank of New York Mellon Corp lifted its position in shares of NRG Energy by 45.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,002,481 shares of the utilities provider’s stock valued at $92,177,000 after buying an additional 937,092 shares during the last quarter. Finally, BlueMountain Capital Management LLC lifted its position in shares of NRG Energy by 182.0% during the 2nd quarter. BlueMountain Capital Management LLC now owns 1,340,141 shares of the utilities provider’s stock valued at $41,142,000 after buying an additional 864,871 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.

NRG has been the topic of a number of recent research reports. Citigroup raised NRG Energy from a “neutral” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Monday, August 6th. Macquarie upped their price target on NRG Energy from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Thursday, September 20th. ValuEngine raised NRG Energy from a “hold” rating to a “buy” rating in a research report on Saturday, October 6th. Bank of America upped their price target on NRG Energy from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, September 27th. Finally, Zacks Investment Research cut NRG Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. NRG Energy currently has a consensus rating of “Buy” and a consensus price target of $38.17.

Shares of NRG opened at $37.95 on Wednesday. The stock has a market cap of $11.35 billion, a P/E ratio of 34.82 and a beta of 0.99. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.17 and a current ratio of 1.30. NRG Energy Inc has a 52-week low of $23.75 and a 52-week high of $38.62.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 1st will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $0.12 dividend on an annualized basis and a yield of 0.32%. NRG Energy’s dividend payout ratio (DPR) is 11.01%.

In related news, EVP Elizabeth R. Killinger sold 24,600 shares of the stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $35.84, for a total transaction of $881,664.00. Following the sale, the executive vice president now owns 106,125 shares of the company’s stock, valued at approximately $3,803,520. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher Moser sold 15,200 shares of the stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $35.14, for a total value of $534,128.00. Following the sale, the executive vice president now directly owns 115,650 shares in the company, valued at approximately $4,063,941. The disclosure for this sale can be found here. Insiders have sold a total of 83,775 shares of company stock worth $2,959,754 in the last three months. 0.38% of the stock is currently owned by insiders.

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NRG Energy Company Profile

NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. The company is involved in the generation of electricity using fossil fuel and nuclear sources. The company provides electricity to 2.9 million residential, commercial, and industrial consumers; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; and carbon management and specialty services.

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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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