Castleton Investment Management LLC reduced its position in shares of NRG Energy, Inc. (NYSE:NRG) by 24.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 142,606 shares of the utilities provider’s stock after selling 45,000 shares during the quarter. NRG Energy comprises 1.4% of Castleton Investment Management LLC’s holdings, making the stock its 21st biggest position. Castleton Investment Management LLC’s holdings in NRG Energy were worth $3,649,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Invictus RG bought a new stake in NRG Energy during the 3rd quarter worth about $110,000. Fieldpoint Private Securities LLC bought a new stake in NRG Energy during the 2nd quarter worth about $112,000. Parkwood LLC bought a new stake in NRG Energy during the 3rd quarter worth about $205,000. Quantitative Systematic Strategies LLC bought a new stake in NRG Energy during the 3rd quarter worth about $211,000. Finally, Ballentine Partners LLC bought a new stake in NRG Energy during the 2nd quarter worth about $209,000. 97.35% of the stock is owned by hedge funds and other institutional investors.
Shares of NRG Energy, Inc. (NRG) traded down $0.09 during mid-day trading on Wednesday, hitting $27.32. The stock had a trading volume of 3,109,200 shares, compared to its average volume of 6,158,920. The company has a current ratio of 1.28, a quick ratio of 1.11 and a debt-to-equity ratio of 4.24. The company has a market cap of $8,679.15, a PE ratio of 20.30 and a beta of 1.28. NRG Energy, Inc. has a one year low of $11.48 and a one year high of $29.78.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were paid a $0.03 dividend. The ex-dividend date was Tuesday, October 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.44%. NRG Energy’s dividend payout ratio (DPR) is presently -2.35%.
In related news, Director Barry T. Smitherman purchased 2,541 shares of the stock in a transaction dated Monday, November 6th. The stock was bought at an average cost of $28.38 per share, with a total value of $72,113.58. Following the purchase, the director now directly owns 49,000 shares in the company, valued at approximately $1,390,620. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.31% of the company’s stock.
Several analysts have weighed in on the company. BidaskClub raised NRG Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. SunTrust Banks reissued a “hold” rating and set a $25.00 price objective on shares of NRG Energy in a report on Friday, October 20th. Zacks Investment Research cut NRG Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th. ValuEngine cut NRG Energy from a “strong-buy” rating to a “buy” rating in a report on Friday, October 27th. Finally, Bank of America assumed coverage on NRG Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $31.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $24.67.
NRG Energy Company Profile
NRG Energy, Inc (NRG) is an integrated power company. The Company is engaged in producing, selling and delivering electricity and related products and services in various markets in the United States. The Company’s segments include Generation, Retail, Renewables, NRG Yield, Inc (NRG Yield) and Corporate activities.
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