XTX Topco Ltd Boosts Stock Position in NRG Energy, Inc. (NYSE:NRG)

XTX Topco Ltd increased its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 200.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,294 shares of the utilities provider’s stock after buying an additional 28,201 shares during the quarter. XTX Topco Ltd’s holdings in NRG Energy were worth $3,293,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Private Advisor Group LLC purchased a new stake in NRG Energy in the 4th quarter valued at about $238,000. Janney Montgomery Scott LLC lifted its holdings in shares of NRG Energy by 55.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 9,475 shares of the utilities provider’s stock worth $490,000 after acquiring an additional 3,374 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of NRG Energy by 37.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,524 shares of the utilities provider’s stock worth $79,000 after purchasing an additional 412 shares during the period. Robeco Institutional Asset Management B.V. acquired a new stake in NRG Energy in the 4th quarter valued at approximately $51,000. Finally, PNC Financial Services Group Inc. raised its position in NRG Energy by 1.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 46,338 shares of the utilities provider’s stock valued at $2,396,000 after purchasing an additional 578 shares during the period. Institutional investors and hedge funds own 97.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NRG. Jefferies Financial Group assumed coverage on NRG Energy in a report on Friday, September 13th. They issued a “hold” rating and a $82.00 price objective on the stock. Morgan Stanley raised their price objective on shares of NRG Energy from $70.00 to $83.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Finally, Wells Fargo & Company raised their price target on shares of NRG Energy from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, September 5th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $73.75.

Insider Buying and Selling

In other NRG Energy 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 transaction of $8,244,151.05. Following the transaction, the insider now owns 163,680 shares in the company, valued at $13,151,688. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.86% of the stock is owned by corporate insiders.

NRG Energy Price Performance

NRG Energy stock opened at $81.95 on Thursday. The stock has a market capitalization of $17.08 billion, a P/E ratio of 11.61 and a beta of 1.10. NRG Energy, Inc. has a 12-month low of $36.61 and a 12-month high of $87.58. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.18 and a quick ratio of 1.11. The firm’s 50-day moving average is $78.36 and its two-hundred day moving average is $76.03.

NRG Energy (NYSE:NRG) last released its earnings results on Thursday, August 8th. The utilities provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $1.55 by $1.82. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. The firm had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $8.32 billion. During the same period in the prior year, the business posted $1.10 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities analysts predict that NRG Energy, Inc. will post 4.45 earnings per share for the current year.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a dividend of $0.4075 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.63 annualized dividend and a dividend yield of 1.99%. NRG Energy’s payout ratio is 23.09%.

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.