ASR Vermogensbeheer N.V. Takes Position in NRG Energy, Inc. $NRG

Key Points

• ASR Vermogensbeheer N.V. has acquired a new stake in NRG Energy, purchasing 28,685 shares valued at approximately $4.6 million during the second quarter.
• Multiple hedge funds increased their positions in NRG Energy, leading to institutional ownership of about 97.72% of the company's stock.
• Analysts have set new price targets for NRG Energy, with Melius Research recommending a "buy" rating and a target price of $308.00.

ASR Vermogensbeheer N.V. acquired a new stake in NRG Energy, Inc. (NYSE:NRG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 28,685 shares of the utilities provider's stock, valued at approximately $4,606,000.

Several other hedge funds also recently added to or reduced their stakes in NRG. New Wave Wealth Advisors LLC purchased a new stake in shares of NRG Energy during the 2nd quarter valued at about $346,000. USA Financial Formulas purchased a new stake in NRG Energy during the 2nd quarter worth $905,000. Consolidated Portfolio Review Corp purchased a new stake in NRG Energy during the 2nd quarter worth $250,000. Donald L. Hagan LLC increased its stake in NRG Energy by 2.0% during the 2nd quarter. Donald L. Hagan LLC now owns 3,384 shares of the utilities provider's stock worth $543,000 after buying an additional 66 shares during the period. Finally, Capital Investment Advisors LLC purchased a new stake in shares of NRG Energy during the second quarter worth about $267,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NRG Energy news, VP Dak Liyanearachchi sold 10,672 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total value of $1,654,160.00. Following the completion of the transaction, the vice president owned 48,571 shares in the company, valued at approximately $7,528,505. This represents a 18.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.86% of the company's stock.

Analysts Set New Price Targets

NRG has been the topic of a number of analyst reports. Melius began coverage on NRG Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $308.00 target price on the stock. Melius Research began coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $308.00 price target for the company. Barclays boosted their target price on shares of NRG Energy from $197.00 to $203.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Scotiabank started coverage on shares of NRG Energy in a research report on Monday, September 22nd. They issued a "sector outperform" rating and a $212.00 target price for the company. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of NRG Energy in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $188.85.

NRG Energy Stock Down 0.4%

NYSE:NRG opened at $166.56 on Friday. The firm has a market capitalization of $32.22 billion, a PE ratio of 75.37, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. The stock has a 50 day moving average of $157.14 and a 200-day moving average of $140.82. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 5.99. NRG Energy, Inc. has a 52 week low of $79.57 and a 52 week high of $175.96.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.68 EPS for the quarter, missing analysts' consensus estimates of $1.72 by ($0.04). The company had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.63 billion. NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.NRG Energy's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.37 earnings per share. Analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a $0.44 dividend. The ex-dividend date was Friday, August 1st. This represents a $1.76 annualized dividend and a yield of 1.1%. NRG Energy's dividend payout ratio is 79.64%.

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.

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