DekaBank Deutsche Girozentrale Decreases Holdings in NRG Energy, Inc. (NYSE:NRG)

DekaBank Deutsche Girozentrale lessened its stake in shares of NRG Energy, Inc. (NYSE:NRGGet Rating) by 1.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 107,695 shares of the utilities provider’s stock after selling 1,762 shares during the period. DekaBank Deutsche Girozentrale’s holdings in NRG Energy were worth $4,172,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Clear Street Markets LLC increased its stake in shares of NRG Energy by 1,740.1% in the third quarter. Clear Street Markets LLC now owns 9,090 shares of the utilities provider’s stock worth $348,000 after purchasing an additional 8,596 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of NRG Energy by 40.2% in the third quarter. Victory Capital Management Inc. now owns 1,128,059 shares of the utilities provider’s stock worth $43,171,000 after purchasing an additional 323,697 shares in the last quarter. Kestra Advisory Services LLC increased its stake in shares of NRG Energy by 13.2% in the third quarter. Kestra Advisory Services LLC now owns 16,261 shares of the utilities provider’s stock worth $622,000 after purchasing an additional 1,900 shares in the last quarter. Fortem Financial Group LLC increased its stake in shares of NRG Energy by 36.6% in the third quarter. Fortem Financial Group LLC now owns 22,003 shares of the utilities provider’s stock worth $842,000 after purchasing an additional 5,894 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in shares of NRG Energy by 1.6% in the third quarter. Great West Life Assurance Co. Can now owns 137,576 shares of the utilities provider’s stock worth $5,263,000 after purchasing an additional 2,197 shares in the last quarter. Hedge funds and other institutional investors own 99.98% of the company’s stock.

Wall Street Analysts Forecast Growth

NRG has been the subject of several recent research reports. StockNews.com initiated coverage on shares of NRG Energy in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Bank of America upgraded shares of NRG Energy from an “underperform” rating to a “neutral” rating and cut their price objective for the company from $38.00 to $32.00 in a research report on Monday, December 19th. Morgan Stanley lowered shares of NRG Energy from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $47.00 to $37.00 in a research report on Friday, December 9th. BMO Capital Markets cut their price objective on shares of NRG Energy from $46.00 to $43.00 in a research report on Thursday, December 8th. Finally, UBS Group lowered shares of NRG Energy from a “neutral” rating to a “sell” rating in a research report on Wednesday, December 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $40.00.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, CEO Mauricio Gutierrez purchased 15,000 shares of the firm’s stock in a transaction on Thursday, December 15th. The shares were purchased at an average cost of $32.03 per share, with a total value of $480,450.00. Following the completion of the purchase, the chief executive officer now owns 1,111,368 shares of the company’s stock, valued at approximately $35,597,117.04. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In other NRG Energy news, CEO Mauricio Gutierrez purchased 15,000 shares of the firm’s stock in a transaction on Thursday, December 15th. The shares were purchased at an average cost of $32.03 per share, with a total value of $480,450.00. Following the completion of the purchase, the chief executive officer now owns 1,111,368 shares of the company’s stock, valued at approximately $35,597,117.04. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Antonio Carrillo purchased 9,000 shares of the firm’s stock in a transaction on Thursday, December 15th. The shares were acquired at an average cost of $31.71 per share, for a total transaction of $285,390.00. Following the completion of the purchase, the director now directly owns 27,446 shares of the company’s stock, valued at approximately $870,312.66. The disclosure for this purchase can be found here. 0.76% of the stock is currently owned by company insiders.

NRG Energy Trading Up 3.8 %

Shares of NRG Energy stock opened at $32.21 on Monday. NRG Energy, Inc. has a 1 year low of $30.64 and a 1 year high of $47.82. The firm has a market cap of $7.42 billion, a PE ratio of 4.09, a PEG ratio of 0.54 and a beta of 0.93. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.32 and a quick ratio of 1.27. The company has a 50 day simple moving average of $35.38 and a two-hundred day simple moving average of $38.92.

NRG Energy (NYSE:NRGGet Rating) last announced its earnings results on Monday, November 7th. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.35). NRG Energy had a net margin of 6.15% and a negative return on equity of 0.66%. The company had revenue of $8.51 billion for the quarter, compared to the consensus estimate of $5.90 billion. Analysts expect that NRG Energy, Inc. will post 11.12 earnings per share for the current fiscal year.

NRG Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Wednesday, February 1st will be given a dividend of $0.3775 per share. This is a positive change from NRG Energy’s previous quarterly dividend of $0.35. This represents a $1.51 annualized dividend and a yield of 4.69%. NRG Energy’s payout ratio is presently 17.77%.

NRG Energy Profile

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NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. It operates through Texas, East, and West. The company is involved in the producing, selling, and delivering electricity and related products and services to approximately 6 million residential, commercial, industrial, and wholesale customers.

Further Reading

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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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