Lifeworks Advisors LLC Makes New $202,000 Investment in NRG Energy, Inc. (NYSE:NRG)

Lifeworks Advisors LLC purchased a new stake in shares of NRG Energy, Inc. (NYSE:NRG) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,221 shares of the utilities provider’s stock, valued at approximately $202,000.

Several other institutional investors also recently modified their holdings of NRG. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of NRG Energy by 14.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 4,880 shares of the utilities provider’s stock valued at $330,000 after buying an additional 624 shares during the period. State Board of Administration of Florida Retirement System boosted its position in NRG Energy by 2.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 288,619 shares of the utilities provider’s stock worth $19,537,000 after purchasing an additional 7,880 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of NRG Energy by 20.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 259,880 shares of the utilities provider’s stock valued at $17,591,000 after purchasing an additional 43,580 shares during the period. SageView Advisory Group LLC purchased a new stake in shares of NRG Energy during the 1st quarter valued at about $170,000. Finally, Tocqueville Asset Management L.P. bought a new position in shares of NRG Energy in the 1st quarter worth approximately $237,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Citigroup boosted their target price on shares of NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Wells Fargo & Company raised their target price on NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. StockNews.com lowered NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Guggenheim raised their price objective on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, Jefferies Financial Group began coverage on NRG Energy in a research note on Friday, September 13th. They set a “hold” rating and a $82.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $97.43.

Insider Activity

In related news, insider Rasesh M. Patel sold 102,603 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 163,680 shares in the company, valued at approximately $13,151,688. The trade was a 38.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.86% of the company’s stock.

NRG Energy Stock Performance

NYSE:NRG opened at $92.19 on Friday. The stock has a 50-day moving average price of $88.50 and a 200 day moving average price of $82.37. The stock has a market capitalization of $18.67 billion, a P/E ratio of 23.16, a P/E/G ratio of 1.35 and a beta of 1.10. NRG Energy, Inc. has a 12-month low of $44.90 and a 12-month high of $102.84. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend was Friday, November 1st. NRG Energy’s dividend payout ratio (DPR) is currently 40.95%.

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.