Achmea Investment Management B.V. Decreases Stake in NRG Energy, Inc. (NYSE:NRG)

Achmea Investment Management B.V. lessened its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 32.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 145,600 shares of the utilities provider's stock after selling 71,495 shares during the quarter. Achmea Investment Management B.V. owned approximately 0.07% of NRG Energy worth $13,899,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Transcend Capital Advisors LLC lifted its position in shares of NRG Energy by 5.1% in the first quarter. Transcend Capital Advisors LLC now owns 6,413 shares of the utilities provider's stock worth $612,000 after buying an additional 312 shares in the last quarter. Diversified Trust Co lifted its position in shares of NRG Energy by 6.4% in the first quarter. Diversified Trust Co now owns 2,845 shares of the utilities provider's stock worth $272,000 after buying an additional 171 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of NRG Energy by 0.9% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 387,616 shares of the utilities provider's stock worth $37,002,000 after acquiring an additional 3,603 shares in the last quarter. Perigon Wealth Management LLC raised its holdings in shares of NRG Energy by 7.9% during the 1st quarter. Perigon Wealth Management LLC now owns 9,049 shares of the utilities provider's stock worth $864,000 after acquiring an additional 666 shares in the last quarter. Finally, Financial Life Planners raised its holdings in shares of NRG Energy by 11.4% during the 1st quarter. Financial Life Planners now owns 2,362 shares of the utilities provider's stock worth $226,000 after acquiring an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.

Insider Transactions at NRG Energy

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the completion of the sale, the director now directly owns 55,427 shares of the company's stock, valued at approximately $8,563,471.50. This represents a 47.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.86% of the company's stock.

NRG Energy Trading Up 0.8%

Shares of NYSE:NRG traded up $1.25 on Friday, hitting $162.79. 9,662,378 shares of the company's stock were exchanged, compared to its average volume of 2,971,656. NRG Energy, Inc. has a 12 month low of $65.11 and a 12 month high of $168.57. The stock has a market capitalization of $31.83 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 1.29 and a beta of 1.13. The business's 50 day simple moving average is $141.87 and its two-hundred day simple moving average is $113.59. The company has a debt-to-equity ratio of 4.61, a current ratio of 1.06 and a quick ratio of 1.02.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $1.90. NRG Energy had a net margin of 4.66% and a return on equity of 73.78%. The company had revenue of $8.59 billion during the quarter, compared to analyst estimates of $8.28 billion. During the same quarter last year, the business posted $2.31 EPS. The firm's revenue for the quarter was up 15.6% on a year-over-year basis. Analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Thursday, May 1st. NRG Energy's dividend payout ratio (DPR) is presently 28.39%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on NRG shares. Wells Fargo & Company upped their price target on shares of NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. The Goldman Sachs Group began coverage on shares of NRG Energy in a research report on Friday, April 4th. They set a "buy" rating and a $129.00 target price on the stock. Wall Street Zen upgraded shares of NRG Energy from a "hold" rating to a "buy" rating in a research report on Friday. Jefferies Financial Group upped their price objective on NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Finally, Guggenheim upped their price objective on NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, NRG Energy has a consensus rating of "Moderate Buy" and a consensus price target of $151.80.

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.