Universal Beteiligungs und Servicegesellschaft mbH Sells 51,927 Shares of NRG Energy, Inc. $NRG

Universal Beteiligungs und Servicegesellschaft mbH trimmed its position in NRG Energy, Inc. (NYSE:NRG) by 33.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,568 shares of the utilities provider’s stock after selling 51,927 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.05% of NRG Energy worth $16,792,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. GW&K Investment Management LLC grew its holdings in shares of NRG Energy by 23.8% in the 1st quarter. GW&K Investment Management LLC now owns 672 shares of the utilities provider’s stock valued at $64,000 after buying an additional 129 shares during the period. Aviva PLC lifted its holdings in NRG Energy by 9.7% during the second quarter. Aviva PLC now owns 155,392 shares of the utilities provider’s stock worth $24,953,000 after acquiring an additional 13,757 shares in the last quarter. Ethos Financial Group LLC acquired a new position in NRG Energy in the second quarter valued at about $835,000. J.W. Cole Advisors Inc. increased its holdings in shares of NRG Energy by 32.7% in the first quarter. J.W. Cole Advisors Inc. now owns 10,082 shares of the utilities provider’s stock worth $962,000 after acquiring an additional 2,484 shares in the last quarter. Finally, Achmea Investment Management B.V. raised its position in shares of NRG Energy by 26.1% during the second quarter. Achmea Investment Management B.V. now owns 183,603 shares of the utilities provider’s stock worth $29,482,000 after purchasing an additional 38,003 shares during the period. Institutional investors and hedge funds own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Jefferies Financial Group reiterated a “buy” rating and issued a $198.00 price objective on shares of NRG Energy in a research report on Monday, October 20th. Melius initiated coverage on shares of NRG Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $308.00 price target for the company. Melius Research started coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $308.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NRG Energy in a research report on Thursday, November 13th. Finally, Wall Street Zen lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $198.31.

NRG Energy Price Performance

NYSE NRG opened at $166.74 on Wednesday. The firm’s 50 day moving average is $166.87 and its 200-day moving average is $157.29. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 5.99. The company has a market capitalization of $31.95 billion, a PE ratio of 75.45 and a beta of 1.16. NRG Energy, Inc. has a 12-month low of $79.57 and a 12-month high of $180.54.

NRG Energy (NYSE:NRG) last announced its earnings results on Thursday, November 6th. The utilities provider reported $2.78 EPS for the quarter, topping the consensus estimate of $1.93 by $0.85. NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The business had revenue of $7.64 billion during the quarter, compared to analysts’ expectations of $7.53 billion. During the same quarter in the prior year, the company posted $1.90 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. Equities research analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were given a $0.44 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. NRG Energy’s payout ratio is currently 26.31%.

NRG Energy announced that its Board of Directors has approved a share repurchase plan on Thursday, November 6th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the utilities provider to buy up to 9.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In related news, VP Virginia Kinney sold 20,000 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $163.82, for a total transaction of $3,276,400.00. Following the completion of the transaction, the vice president directly owned 43,191 shares of the company’s stock, valued at approximately $7,075,549.62. This represents a 31.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Dak Liyanearachchi sold 10,672 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total value of $1,654,160.00. Following the transaction, the vice president directly owned 48,571 shares in the company, valued at $7,528,505. This trade represents a 18.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.61% of the company’s stock.

NRG Energy 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.