Baader Bank Aktiengesellschaft Invests $459,000 in NRG Energy, Inc. $NRG

Key Points

• Baader Bank Aktiengesellschaft has acquired 2,961 shares of NRG Energy, Inc., valued at approximately $459,000, as part of its new position in the company.
• Goldman Sachs significantly increased its stake in NRG Energy by 468.4% during the first quarter, owning around 4.76 million shares valued at $454.17 million.
• Analysts have mixed sentiments on NRG Energy, with Citigroup raising its price target to $185.00, while other firms maintain a "hold" rating, indicating varied expectations for the stock's performance.

Baader Bank Aktiengesellschaft acquired a new stake in NRG Energy, Inc. (NYSE:NRG - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,961 shares of the utilities provider's stock, valued at approximately $459,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Horizon Investments LLC boosted its stake in NRG Energy by 3.0% during the first quarter. Horizon Investments LLC now owns 2,908 shares of the utilities provider's stock worth $276,000 after buying an additional 86 shares during the period. Mather Group LLC. boosted its stake in NRG Energy by 12.1% during the first quarter. Mather Group LLC. now owns 900 shares of the utilities provider's stock worth $86,000 after buying an additional 97 shares during the period. Cullen Frost Bankers Inc. boosted its stake in NRG Energy by 13.0% during the first quarter. Cullen Frost Bankers Inc. now owns 904 shares of the utilities provider's stock worth $86,000 after buying an additional 104 shares during the period. Private Trust Co. NA boosted its stake in NRG Energy by 8.7% during the first quarter. Private Trust Co. NA now owns 1,482 shares of the utilities provider's stock worth $141,000 after buying an additional 119 shares during the period. Finally, Allworth Financial LP boosted its stake in NRG Energy by 19.2% during the first quarter. Allworth Financial LP now owns 758 shares of the utilities provider's stock worth $72,000 after buying an additional 122 shares during the period. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Stock Performance

Shares of NRG traded down $0.32 during mid-day trading on Friday, reaching $163.87. 4,195,804 shares of the company's stock were exchanged, compared to its average volume of 2,007,153. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88. The stock has a market capitalization of $31.70 billion, a PE ratio of 74.15, a price-to-earnings-growth ratio of 1.34 and a beta of 1.17. The business's fifty day simple moving average is $154.44 and its 200-day simple moving average is $135.73. 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 released its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.04). NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The company had revenue of $6.74 billion for the quarter, compared to analysts' expectations of $6.63 billion. During the same quarter last year, the company earned $3.37 EPS. NRG Energy's revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities research analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NRG. Barclays boosted their price target on shares of NRG Energy from $197.00 to $203.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Melius Research initiated coverage on shares of NRG Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $308.00 target price on the stock. Raymond James Financial began coverage on shares of NRG Energy in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 price target for the company. BMO Capital Markets increased their price objective on NRG Energy from $167.00 to $185.00 and gave the company a "market perform" rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen cut NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, NRG Energy has an average rating of "Moderate Buy" and a consensus price target of $186.92.

Insider Activity at NRG Energy

In related news, VP Dak Liyanearachchi sold 10,672 shares of the firm'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 sale, the vice president owned 48,571 shares in the company, valued at $7,528,505. This trade represents a 18.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is owned by company insiders.

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.