SG Americas Securities LLC Acquires 198,452 Shares of NRG Energy, Inc. (NYSE:NRG)

SG Americas Securities LLC increased its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 666.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 228,213 shares of the utilities provider’s stock after acquiring an additional 198,452 shares during the period. SG Americas Securities LLC owned about 0.11% of NRG Energy worth $20,790,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rothschild Investment LLC purchased a new position in NRG Energy during the 2nd quarter worth $32,000. First Horizon Advisors Inc. grew its stake in NRG Energy by 76.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 442 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 191 shares during the last quarter. LifeSteps Financial Inc. purchased a new stake in NRG Energy during the 1st quarter valued at about $31,000. Innealta Capital LLC purchased a new stake in NRG Energy during the 2nd quarter valued at about $36,000. Finally, Mather Group LLC. purchased a new stake in NRG Energy during the 1st quarter valued at about $33,000. 97.72% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other NRG Energy news, insider Rasesh M. Patel sold 102,603 shares of the company’s stock in a transaction on 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 directly owns 163,680 shares in the company, valued at $13,151,688. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is owned by insiders.

NRG Energy Price Performance

Shares of NRG stock traded up $1.30 during trading hours on Friday, reaching $95.35. The company had a trading volume of 2,490,450 shares, compared to its average volume of 3,374,269. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.11 and a current ratio of 1.18. The stock has a fifty day moving average of $81.47 and a 200-day moving average of $78.13. The company has a market capitalization of $19.88 billion, a price-to-earnings ratio of 13.51 and a beta of 1.10. NRG Energy, Inc. has a 12-month low of $37.45 and a 12-month high of $96.20.

NRG Energy (NYSE:NRG) last issued its quarterly earnings data 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. The company had revenue of $6.66 billion during the quarter, compared to analyst estimates of $8.32 billion. NRG Energy had a return on equity of 43.69% and a net margin of 7.19%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.10 earnings per share. On average, equities analysts anticipate that NRG Energy, Inc. will post 5.51 earnings per share for the current year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were paid a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Thursday, August 1st. NRG Energy’s dividend payout ratio (DPR) is 23.09%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NRG. StockNews.com downgraded NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. BMO Capital Markets boosted their price target on NRG Energy from $88.00 to $90.00 and gave the company a “market perform” rating in a research note on Monday, September 30th. Wells Fargo & Company boosted their price target on NRG Energy from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, September 5th. Finally, Jefferies Financial Group initiated coverage on NRG Energy in a report on Friday, September 13th. They issued a “hold” rating and a $82.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $74.75.

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.