DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Trims Stake in NRG Energy, Inc. (NYSE:NRG)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main reduced its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 82.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,939 shares of the utilities provider's stock after selling 280,445 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in NRG Energy were worth $5,227,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Meyer Handelman Co. raised its holdings in shares of NRG Energy by 43.8% in the fourth quarter. Meyer Handelman Co. now owns 78,982 shares of the utilities provider's stock valued at $7,126,000 after purchasing an additional 24,062 shares during the last quarter. Affinity Wealth Management LLC grew its stake in shares of NRG Energy by 7.8% in the fourth quarter. Affinity Wealth Management LLC now owns 42,748 shares of the utilities provider's stock valued at $3,857,000 after acquiring an additional 3,084 shares in the last quarter. SteelPeak Wealth LLC acquired a new stake in shares of NRG Energy in the fourth quarter valued at approximately $2,418,000. SBI Securities Co. Ltd. acquired a new stake in shares of NRG Energy during the 4th quarter worth $32,000. Finally, LVM Capital Management Ltd. MI bought a new stake in shares of NRG Energy during the 4th quarter worth approximately $616,000. Institutional investors own 97.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NRG shares. Wells Fargo & Company boosted their target price on NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a research note on Tuesday. Jefferies Financial Group raised their price target on shares of NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Guggenheim raised their target price on NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a research note on Tuesday. Morgan Stanley increased their price objective on shares of NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. Finally, BMO Capital Markets upped their price objective on shares of NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, NRG Energy presently has an average rating of "Moderate Buy" and an average target price of $134.25.

NRG Energy Stock Performance

Shares of NYSE:NRG traded up $6.12 during mid-day trading on Tuesday, reaching $156.73. The company had a trading volume of 8,016,317 shares, compared to its average volume of 3,003,758. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 5.57. The firm has a market cap of $31.92 billion, a price-to-earnings ratio of 39.38, a PEG ratio of 1.01 and a beta of 1.00. NRG Energy, Inc. has a one year low of $65.11 and a one year high of $158.47. The company's 50-day moving average price is $100.49 and its 200-day moving average price is $99.27.

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

NRG Energy Dividend Announcement

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 issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.12%. NRG Energy's dividend payout ratio (DPR) is 35.92%.

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.