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


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Robeco Institutional Asset Management B.V. increased its holdings in NRG Energy, Inc. (NYSE:NRG) by 66.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 93,019 shares of the utilities provider’s stock after purchasing an additional 37,284 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in NRG Energy were worth $3,508,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Regent Peak Wealth Advisors LLC purchased a new position in NRG Energy in the 4th quarter valued at about $28,000. Rocky Mountain Advisers LLC purchased a new position in NRG Energy in the 4th quarter valued at about $34,000. Hoover Financial Advisors Inc. purchased a new position in NRG Energy in the 4th quarter valued at about $40,000. Contravisory Investment Management Inc. purchased a new position in NRG Energy in the 1st quarter valued at about $46,000. Finally, Harbor Investment Advisory LLC purchased a new position in NRG Energy in the 1st quarter valued at about $47,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

NRG stock opened at $35.54 on Tuesday. NRG Energy, Inc. has a twelve month low of $28.22 and a twelve month high of $44.08. The company has a current ratio of 1.55, a quick ratio of 1.39 and a debt-to-equity ratio of 2.99. The company has a market capitalization of $8.70 billion, a P/E ratio of 2.27 and a beta of 1.00. The firm has a 50 day simple moving average of $37.72 and a 200-day simple moving average of $36.86.

NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Sunday, February 28th. The utilities provider reported ($0.71) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($1.08). NRG Energy had a return on equity of 50.32% and a net margin of 43.90%. The firm had revenue of $2.03 billion for the quarter. On average, research analysts predict that NRG Energy, Inc. will post 4.77 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 17th. Shareholders of record on Monday, May 3rd will be paid a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Friday, April 30th. NRG Energy’s payout ratio is 32.83%.

NRG has been the topic of several recent analyst reports. Morgan Stanley cut their price objective on shares of NRG Energy from $51.00 to $47.00 and set an “overweight” rating on the stock in a report on Monday, April 26th. The Goldman Sachs Group initiated coverage on shares of NRG Energy in a report on Thursday, January 28th. They set a “buy” rating and a $57.00 price objective on the stock. TheStreet lowered shares of NRG Energy from a “b” rating to a “c+” rating in a report on Monday, March 1st. Wolfe Research reiterated a “peer perform” rating and set a $47.00 price objective on shares of NRG Energy in a report on Tuesday, March 23rd. Finally, Guggenheim downgraded shares of NRG Energy from a “buy” rating to a “neutral” rating in a research report on Wednesday, March 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $43.72.

NRG Energy Company Profile

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 3.6 million residential, industrial, and commercial consumers.

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

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