NRG Energy, Inc. (NYSE:NRG) Shares Bought by Achmea Investment Management B.V.

Achmea Investment Management B.V. boosted its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 18.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 217,095 shares of the utilities provider’s stock after acquiring an additional 34,584 shares during the period. Achmea Investment Management B.V.’s holdings in NRG Energy were worth $19,586,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in NRG. Janney Montgomery Scott LLC raised its position in shares of NRG Energy by 32.3% in the third quarter. Janney Montgomery Scott LLC now owns 9,765 shares of the utilities provider’s stock valued at $890,000 after buying an additional 2,385 shares during the last quarter. Atria Investments Inc raised its position in shares of NRG Energy by 62.9% in the third quarter. Atria Investments Inc now owns 15,072 shares of the utilities provider’s stock valued at $1,373,000 after buying an additional 5,819 shares during the last quarter. Covestor Ltd raised its position in shares of NRG Energy by 74.7% in the third quarter. Covestor Ltd now owns 325 shares of the utilities provider’s stock valued at $30,000 after buying an additional 139 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in shares of NRG Energy by 124.7% in the third quarter. Crossmark Global Holdings Inc. now owns 19,429 shares of the utilities provider’s stock valued at $1,770,000 after buying an additional 10,782 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of NRG Energy in the third quarter valued at about $26,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

NRG Energy Trading Up 4.3 %

Shares of NRG opened at $92.40 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. NRG Energy, Inc. has a 12-month low of $62.14 and a 12-month high of $117.26. The firm has a 50-day moving average price of $102.26 and a 200 day moving average price of $94.30. The firm has a market capitalization of $18.30 billion, a P/E ratio of 23.22, a P/E/G ratio of 1.01 and a beta of 1.13.

NRG Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.90%. The ex-dividend date was Monday, February 3rd. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. NRG Energy’s dividend payout ratio (DPR) is 35.92%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on NRG shares. Guggenheim increased their target price on shares of NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Jefferies Financial Group upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and increased their target price for the company from $93.00 to $113.00 in a research report on Tuesday, November 26th. Wells Fargo & Company increased their target price on shares of NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Morgan Stanley upped their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Finally, StockNews.com lowered shares of NRG Energy from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.29.

Insiders Place Their Bets

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the completion of the transaction, the vice president now owns 64,448 shares of the company’s stock, valued at $5,891,191.68. This trade represents a 48.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Bruce Chung sold 20,000 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the transaction, the chief financial officer now directly owns 69,454 shares of the company’s stock, valued at approximately $6,780,794.02. This trade represents a 22.36 % decrease in their position. The disclosure for this sale can be found here. 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.