Brooklyn Investment Group Takes $46,000 Position in NRG Energy, Inc. (NYSE:NRG)

Brooklyn Investment Group bought a new stake in NRG Energy, Inc. (NYSE:NRG) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 506 shares of the utilities provider’s stock, valued at approximately $46,000.

Several other institutional investors have also modified their holdings of NRG. Tidal Investments LLC grew its position in shares of NRG Energy by 35.6% in the first quarter. Tidal Investments LLC now owns 29,321 shares of the utilities provider’s stock valued at $1,985,000 after purchasing an additional 7,705 shares during the period. Virtu Financial LLC purchased a new position in shares of NRG Energy in the first quarter worth about $349,000. Cetera Investment Advisers lifted its stake 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 worth $5,000,000 after buying an additional 37,750 shares in the last quarter. Cetera Advisors LLC lifted its stake in shares of NRG Energy by 106.9% in the first quarter. Cetera Advisors LLC now owns 14,908 shares of the utilities provider’s stock worth $1,009,000 after buying an additional 7,704 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of NRG Energy by 101.0% in the second quarter. GAMMA Investing LLC now owns 4,253 shares of the utilities provider’s stock worth $331,000 after buying an additional 2,137 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

Wall Street Analysts Forecast Growth

NRG has been the topic of several research reports. Jefferies Financial Group raised shares of NRG Energy from a “hold” rating to a “buy” rating and raised their price target for the stock from $93.00 to $113.00 in a research note on Tuesday. BMO Capital Markets raised their price target on shares of NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 19th. Wells Fargo & Company raised their price target on shares of NRG Energy from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Citigroup lifted their target price 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. Finally, StockNews.com downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $102.71.

Insider Activity

In other news, insider Rasesh M. Patel sold 102,603 shares of the business’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 of the company’s stock, valued at approximately $13,151,688. The trade was a 38.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.86% of the company’s stock.

NRG Energy Price Performance

NRG Energy stock opened at $101.61 on Friday. The company’s 50 day simple moving average is $91.36 and its 200-day simple moving average is $83.59. The company has a market capitalization of $20.58 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 1.35 and a beta of 1.10. NRG Energy, Inc. has a 1 year low of $46.74 and a 1 year high of $103.14. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17.

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. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Friday, November 1st. NRG Energy’s dividend payout ratio (DPR) is 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.