Robeco Institutional Asset Management B.V. Boosts Position in NRG Energy, Inc. (NYSE:NRG)

Robeco Institutional Asset Management B.V. lifted its holdings in NRG Energy, Inc. (NYSE:NRG) by 7.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 384,013 shares of the utilities provider’s stock after acquiring an additional 25,765 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in NRG Energy were worth $34,646,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NRG. R Squared Ltd purchased a new stake in NRG Energy in the fourth quarter valued at $134,000. SteelPeak Wealth LLC acquired a new stake in NRG Energy during the fourth quarter worth about $2,418,000. Union Bancaire Privee UBP SA purchased a new position in NRG Energy during the fourth quarter valued at approximately $545,000. Blue Trust Inc. boosted its position in NRG Energy by 58.4% in the 4th quarter. Blue Trust Inc. now owns 4,492 shares of the utilities provider’s stock worth $409,000 after purchasing an additional 1,657 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC grew its stake in shares of NRG Energy by 12.6% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 22,646 shares of the utilities provider’s stock worth $2,043,000 after purchasing an additional 2,531 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on NRG. Guggenheim increased their price target on shares of NRG Energy from $77.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $74.00 to $126.00 in a research note on Tuesday, January 21st. BMO Capital Markets upped their price target on NRG Energy from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Wells Fargo & Company raised their price objective on NRG Energy from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, Citigroup upped their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.43.

Insider Transactions at NRG Energy

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the sale, the vice president now owns 64,448 shares of the company’s stock, valued at approximately $5,891,191.68. This trade represents a 48.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Bruce Chung sold 20,000 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the completion of the transaction, the chief financial officer now directly owns 69,454 shares in the company, valued at $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. Corporate insiders own 0.86% of the company’s stock.

NRG Energy Price Performance

NRG Energy stock opened at $104.95 on Friday. The stock has a market cap of $21.26 billion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 1.30 and a beta of 1.15. The company has a fifty day simple moving average of $98.02 and a 200-day simple moving average of $89.07. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a 12-month low of $51.26 and a 12-month high of $115.38.

NRG Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a $0.44 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.68%. This is an increase from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s dividend payout ratio is presently 44.22%.

NRG Energy Company 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.