Bridgewater Associates LP Has $73.32 Million Stock Position in NRG Energy, Inc. (NYSE:NRG)

Bridgewater Associates LP grew its holdings in NRG Energy, Inc. (NYSE:NRG) by 352.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 804,801 shares of the utilities provider’s stock after purchasing an additional 627,121 shares during the period. Bridgewater Associates LP owned about 0.40% of NRG Energy worth $73,317,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cetera Investment Advisers raised its holdings in shares of NRG Energy by 104.5% in the first quarter. Cetera Investment Advisers now owns 73,865 shares of the utilities provider’s stock valued at $5,000,000 after purchasing an additional 37,750 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in NRG Energy by 65.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,596,684 shares of the utilities provider’s stock worth $124,318,000 after buying an additional 633,765 shares during the last quarter. Friedenthal Financial acquired a new position in NRG Energy during the second quarter worth $746,000. Bank of Hawaii increased its holdings in NRG Energy by 95.5% during the third quarter. Bank of Hawaii now owns 15,685 shares of the utilities provider’s stock worth $1,429,000 after buying an additional 7,662 shares during the last quarter. Finally, NatWest Group plc increased its holdings in NRG Energy by 9.1% during the third quarter. NatWest Group plc now owns 79,202 shares of the utilities provider’s stock worth $7,215,000 after buying an additional 6,618 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Trading Up 10.2 %

Shares of NRG Energy stock opened at $101.20 on Wednesday. The company has a market capitalization of $20.50 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 1.34 and a beta of 1.10. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a 12-month low of $45.46 and a 12-month high of $102.84. The firm’s 50-day moving average price is $90.28 and its two-hundred day moving average price is $83.25.

NRG Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.4075 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.61%. NRG Energy’s payout ratio is currently 40.95%.

Insider Activity

In other news, insider Rasesh M. Patel sold 102,603 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were 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. This trade represents a 38.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NRG shares. StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Wells Fargo & Company lifted their price objective on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Guggenheim lifted their price objective 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. BMO Capital Markets upped their price objective on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 19th. Finally, Citigroup increased their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NRG Energy has an average rating of “Moderate Buy” and a consensus target price of $102.71.

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.