Deutsche Bank AG Sells 147,213 Shares of NRG Energy, Inc. (NYSE:NRG)

Deutsche Bank AG lessened its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 13.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 979,587 shares of the utilities provider's stock after selling 147,213 shares during the quarter. Deutsche Bank AG owned approximately 0.48% of NRG Energy worth $88,378,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Banco Santander S.A. grew its holdings in NRG Energy by 0.3% in the 4th quarter. Banco Santander S.A. now owns 2,828,000 shares of the utilities provider's stock valued at $255,142,000 after buying an additional 7,500 shares during the period. Northern Trust Corp lifted its position in NRG Energy by 16.1% during the 4th quarter. Northern Trust Corp now owns 2,282,672 shares of the utilities provider's stock worth $205,943,000 after acquiring an additional 316,445 shares in the last quarter. Appaloosa LP raised its position in shares of NRG Energy by 81.5% in the 4th quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider's stock valued at $163,749,000 after purchasing an additional 815,180 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of NRG Energy by 1,010.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,557,350 shares of the utilities provider's stock valued at $140,504,000 after purchasing an additional 1,417,057 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of NRG Energy by 4.2% in the 4th quarter. Russell Investments Group Ltd. now owns 1,414,186 shares of the utilities provider's stock valued at $127,614,000 after purchasing an additional 56,944 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Evercore ISI raised shares of NRG Energy from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. BMO Capital Markets reissued a "market perform" rating and set a $167.00 target price (up previously from $115.00) on shares of NRG Energy in a research note on Wednesday. Wells Fargo & Company raised their price objective on shares of NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday. StockNews.com lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Finally, The Goldman Sachs Group started coverage on shares of NRG Energy in a report on Friday, April 4th. They issued a "buy" rating and a $129.00 target price for the company. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $140.75.

NRG Energy Stock Up 0.8%

NYSE NRG traded up $1.21 during trading hours on Thursday, reaching $155.02. 4,023,758 shares of the company's stock were exchanged, compared to its average volume of 3,017,756. The company's 50-day moving average is $103.10 and its two-hundred day moving average is $100.03. NRG Energy, Inc. has a one year low of $65.11 and a one year high of $158.66. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. The company has a market capitalization of $31.57 billion, a price-to-earnings ratio of 38.95, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $1.90. The business had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $8.28 billion. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. The company's quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.31 EPS. On average, analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Thursday, May 1st. NRG Energy's dividend payout ratio is currently 28.39%.

About NRG Energy

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.