NRG Energy, Inc. $NRG Holdings Raised by Nordea Investment Management AB

Nordea Investment Management AB grew its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 530.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 196,798 shares of the utilities provider’s stock after acquiring an additional 165,560 shares during the period. Nordea Investment Management AB’s holdings in NRG Energy were worth $31,423,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Quent Capital LLC acquired a new position in NRG Energy in the 3rd quarter worth about $25,000. Atlantic Union Bankshares Corp lifted its holdings in shares of NRG Energy by 90.4% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 179 shares of the utilities provider’s stock valued at $29,000 after buying an additional 85 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of NRG Energy during the 2nd quarter valued at about $35,000. BOKF NA grew its stake in shares of NRG Energy by 3,714.3% in the 3rd quarter. BOKF NA now owns 267 shares of the utilities provider’s stock valued at $43,000 after buying an additional 260 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC increased its holdings in 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 buying an additional 335 shares during the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Stock Up 4.2%

Shares of NRG Energy stock opened at $151.99 on Tuesday. NRG Energy, Inc. has a 12-month low of $79.57 and a 12-month high of $189.96. The company has a quick ratio of 1.58, a current ratio of 1.64 and a debt-to-equity ratio of 15.92. The stock has a 50 day moving average price of $159.28 and a two-hundred day moving average price of $162.19. The stock has a market capitalization of $32.61 billion, a P/E ratio of 38.58 and a beta of 1.26.

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

NRG Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were issued a $0.475 dividend. This is a boost from NRG Energy’s previous quarterly dividend of $0.44. The ex-dividend date was Monday, February 2nd. This represents a $1.90 annualized dividend and a yield of 1.3%. NRG Energy’s payout ratio is 48.22%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NRG. Morgan Stanley set a $153.00 price objective on shares of NRG Energy in a research report on Tuesday, February 17th. Wolfe Research upgraded shares of NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a research note on Wednesday, March 18th. Wells Fargo & Company raised their price target on shares of NRG Energy from $202.00 to $206.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Weiss Ratings lowered shares of NRG Energy from a “buy (b)” rating to a “hold (c+)” rating in a research note on Thursday, February 26th. Finally, BNP Paribas Exane began coverage on shares of NRG Energy in a report on Wednesday, March 18th. They issued an “outperform” rating and a $232.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, NRG Energy has an average rating of “Moderate Buy” and an average price target of $198.43.

Insider Activity

In other news, VP Virginia Kinney sold 5,000 shares of NRG Energy stock in a transaction dated Monday, March 16th. The stock was 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 in the company, valued at approximately $8,693,291.75. The trade was a 8.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Robert J. Gaudette sold 45,000 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $158.76, for a total value of $7,144,200.00. Following the transaction, the vice president directly owned 63,920 shares of the company’s stock, valued at $10,147,939.20. This represents a 41.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 177,556 shares of company stock worth $28,333,696 in the last 90 days. Insiders own 0.86% of the company’s stock.

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.