Achmea Investment Management B.V. Has $27.37 Million Stock Holdings in NRG Energy, Inc. $NRG

Achmea Investment Management B.V. trimmed its position in NRG Energy, Inc. (NYSE:NRG) by 8.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 168,994 shares of the utilities provider’s stock after selling 14,609 shares during the quarter. Achmea Investment Management B.V. owned about 0.09% of NRG Energy worth $27,368,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quent Capital LLC bought a new position in NRG Energy in the third quarter worth $25,000. Atlantic Union Bankshares Corp grew its stake in NRG Energy by 90.4% during the third quarter. Atlantic Union Bankshares Corp now owns 179 shares of the utilities provider’s stock worth $29,000 after buying an additional 85 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in NRG Energy during the 2nd quarter valued at $35,000. BOKF NA raised its holdings in shares of NRG Energy by 3,714.3% in the third quarter. BOKF NA now owns 267 shares of the utilities provider’s stock valued at $43,000 after buying an additional 260 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC raised its stake in shares of NRG Energy by 1,970.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the utilities provider’s stock worth $57,000 after acquiring an additional 335 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company’s stock.

NRG Energy Price Performance

Shares of NYSE NRG opened at $154.74 on Wednesday. The business has a fifty day moving average price of $158.73 and a two-hundred day moving average price of $161.95. The stock has a market capitalization of $33.15 billion, a PE ratio of 39.27 and a beta of 1.26. The company has a debt-to-equity ratio of 15.92, a current ratio of 1.64 and a quick ratio of 1.58. NRG Energy, Inc. has a fifty-two week low of $79.57 and a fifty-two week high of $189.96.

NRG Energy (NYSE:NRG) last released its earnings results on Tuesday, February 24th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.15). The company had revenue of $7.75 billion for the quarter, compared to analyst estimates of $6.68 billion. NRG Energy had a return on equity of 109.48% and a net margin of 2.81%.The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the company posted $1.56 earnings per share. As a group, equities analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were issued a $0.475 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.90 annualized dividend and a yield of 1.2%. This is an increase from NRG Energy’s previous quarterly dividend of $0.44. NRG Energy’s payout ratio is 48.22%.

Insider Activity

In related news, VP Virginia Kinney sold 5,000 shares of NRG Energy stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $156.65, for a total value of $783,250.00. Following the transaction, the vice president directly owned 55,495 shares of the company’s stock, valued at $8,693,291.75. This trade represents a 8.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Bruce Chung sold 12,383 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $156.56, for a total transaction of $1,938,682.48. Following the transaction, the chief financial officer owned 79,147 shares of the company’s stock, valued at approximately $12,391,254.32. This represents a 13.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 177,556 shares of company stock valued at $28,333,696 over the last quarter. 0.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

NRG has been the topic of a number of research reports. Wells Fargo & Company upped their target price on shares of NRG Energy from $202.00 to $206.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. The Goldman Sachs Group started coverage on shares of NRG Energy in a report on Friday, March 6th. They set a “buy” rating and a $197.00 price objective on the stock. Evercore began coverage on NRG Energy in a research note on Wednesday, February 25th. They issued an “outperform” rating and a $215.00 target price on the stock. Jefferies Financial Group decreased their price target on NRG Energy from $198.00 to $181.00 and set a “buy” rating for the company in a research note on Tuesday, January 27th. Finally, Morgan Stanley set a $153.00 price objective on NRG Energy in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, NRG Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $196.33.

NRG Energy Profile

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.