DekaBank Deutsche Girozentrale Lowers Position in NRG Energy, Inc. (NYSE:NRG)

DekaBank Deutsche Girozentrale reduced its position in shares of NRG Energy, Inc. (NYSE:NRG) by 4.0% in the 4th quarter, HoldingsChannel reports. The firm owned 61,884 shares of the utilities provider’s stock after selling 2,559 shares during the period. DekaBank Deutsche Girozentrale’s holdings in NRG Energy were worth $3,186,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in NRG Energy by 35.4% during the 4th quarter. Blue Trust Inc. now owns 865 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 226 shares during the period. Point72 Hong Kong Ltd increased its position in NRG Energy by 2.5% during the 1st quarter. Point72 Hong Kong Ltd now owns 9,537 shares of the utilities provider’s stock worth $366,000 after purchasing an additional 231 shares during the period. Teacher Retirement System of Texas increased its position in NRG Energy by 1.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 17,828 shares of the utilities provider’s stock worth $687,000 after purchasing an additional 270 shares during the period. MBM Wealth Consultants LLC increased its position in NRG Energy by 3.8% during the 3rd quarter. MBM Wealth Consultants LLC now owns 7,354 shares of the utilities provider’s stock worth $302,000 after purchasing an additional 272 shares during the period. Finally, Coldstream Capital Management Inc. increased its position in NRG Energy by 4.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 6,371 shares of the utilities provider’s stock worth $245,000 after purchasing an additional 290 shares during the period. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Stock Performance

NRG stock opened at $73.92 on Friday. NRG Energy, Inc. has a 1 year low of $30.52 and a 1 year high of $76.11. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 4.49. The stock’s 50 day moving average price is $61.23 and its 200 day moving average price is $51.84.

NRG Energy (NYSE:NRG) last posted its earnings results on Wednesday, February 28th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.20. NRG Energy had a positive return on equity of 44.03% and a negative net margin of 0.70%. The firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $7.51 billion. As a group, research analysts forecast that NRG Energy, Inc. will post 5.36 EPS for the current fiscal year.

NRG Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were issued a $0.4075 dividend. The ex-dividend date was Wednesday, January 31st. This is an increase from NRG Energy’s previous quarterly dividend of $0.38. This represents a $1.63 annualized dividend and a yield of 2.21%. NRG Energy’s payout ratio is -152.34%.

Analyst Ratings Changes

Several equities analysts have issued reports on NRG shares. Morgan Stanley boosted their target price on NRG Energy from $51.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 26th. Evercore ISI boosted their price target on NRG Energy from $55.00 to $65.00 and gave the stock an “in-line” rating in a research note on Monday, March 18th. Citigroup boosted their price target on NRG Energy from $52.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Wells Fargo & Company boosted their price target on NRG Energy from $78.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, March 25th. Finally, BMO Capital Markets boosted their price target on NRG Energy from $58.00 to $59.00 and gave the stock a “market perform” rating in a research note on Thursday, February 29th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $59.50.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, VP Rasesh M. Patel sold 49,092 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $62.59, for a total value of $3,072,668.28. Following the completion of the transaction, the vice president now directly owns 356,962 shares in the company, valued at approximately $22,342,251.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.86% of the stock is currently owned by insiders.

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.