NRG Energy, Inc. (NYSE:NRG) Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH raised its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 13.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 330,700 shares of the utilities provider's stock after buying an additional 40,322 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.16% of NRG Energy worth $31,569,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Key Financial Inc purchased a new stake in shares of NRG Energy during the 1st quarter worth about $30,000. Mizuho Bank Ltd. purchased a new stake in shares of NRG Energy during the 4th quarter worth about $41,000. CIBC Private Wealth Group LLC grew its holdings in shares of NRG Energy by 64.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 521 shares of the utilities provider's stock worth $51,000 after purchasing an additional 205 shares during the period. Park Square Financial Group LLC purchased a new stake in shares of NRG Energy during the 4th quarter worth about $53,000. Finally, UMB Bank n.a. grew its holdings in shares of NRG Energy by 44.0% during the 1st quarter. UMB Bank n.a. now owns 655 shares of the utilities provider's stock worth $63,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 97.72% of the company's stock.

NRG Energy Stock Down 1.5%

Shares of NRG traded down $2.43 during trading on Thursday, reaching $158.12. The company's stock had a trading volume of 2,849,681 shares, compared to its average volume of 2,920,355. The company has a fifty day moving average of $154.77 and a two-hundred day moving average of $121.42. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $168.57. The company has a market cap of $30.91 billion, a price-to-earnings ratio of 25.50, a P/E/G ratio of 1.33 and a beta of 1.13. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 4.61.

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

NRG Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Friday, August 1st. NRG Energy's dividend payout ratio is currently 28.39%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Barclays set a $197.00 target price on NRG Energy and gave the stock an "overweight" rating in a report on Thursday, June 26th. The Goldman Sachs Group started coverage on NRG Energy in a report on Friday, April 4th. They issued a "buy" rating and a $129.00 price target for the company. BMO Capital Markets restated a "market perform" rating and issued a $167.00 price target (up previously from $115.00) on shares of NRG Energy in a report on Wednesday, May 14th. Wells Fargo & Company upped their price target on NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Finally, Wall Street Zen upgraded NRG Energy from a "buy" rating to a "strong-buy" rating in a report on Friday, July 18th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, NRG Energy has an average rating of "Buy" and an average target price of $160.30.

Insider Activity

In related news, Director Kevin Howell sold 50,000 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the sale, the director directly owned 55,427 shares of the company's stock, valued at approximately $8,563,471.50. This represents a 47.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.86% 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.