Robeco Institutional Asset Management B.V. Raises Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Robeco Institutional Asset Management B.V. lifted its holdings in NRG Energy, Inc. (NYSE:NRG) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 384,013 shares of the utilities provider’s stock after purchasing an additional 25,765 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.19% of NRG Energy worth $34,646,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of NRG. Ashton Thomas Securities LLC purchased a new position in NRG Energy in the third quarter worth about $26,000. Covestor Ltd grew its holdings in NRG Energy by 74.7% during the 3rd quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 139 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in NRG Energy in the 3rd quarter worth about $35,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in NRG Energy in the third quarter worth about $36,000. Finally, UMB Bank n.a. grew its stake in shares of NRG Energy by 100.4% during the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock valued at $41,000 after buying an additional 228 shares during the last quarter. Institutional investors own 97.72% of the company’s stock.

Insider Buying and Selling at NRG Energy

In other news, VP Robert J. Gaudette sold 60,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total value of $5,484,600.00. Following the completion of the sale, the vice president now owns 64,448 shares of the company’s stock, valued at $5,891,191.68. This trade represents a 48.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $97.63, for a total value of $1,952,600.00. Following the completion of the sale, the chief financial officer now owns 69,454 shares of the company’s stock, valued at approximately $6,780,794.02. This trade represents a 22.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

NRG Energy Price Performance

NRG opened at $104.95 on Friday. The firm has a market capitalization of $21.26 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 1.30 and a beta of 1.15. The business’s 50-day moving average is $98.02 and its two-hundred day moving average is $89.07. NRG Energy, Inc. has a 1 year low of $51.26 and a 1 year high of $115.38. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10.

NRG Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Monday, February 3rd. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s payout ratio is 44.22%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NRG. Citigroup upped their price objective on NRG Energy from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. BMO Capital Markets upped their target price 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 lifted their price target on shares of NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Evercore ISI upgraded NRG Energy from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Finally, Guggenheim increased their price target on NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, NRG Energy presently has an average rating of “Moderate Buy” and a consensus price target of $111.43.

NRG Energy Profile

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.