NRG Energy, Inc. (NYSE:NRG) Shares Bought by Boston Partners

Key Points

• Boston Partners increased its stake in NRG Energy by 169.5%, acquiring an additional 1,771,829 shares to own a total of 2,817,018 shares valued at approximately $269 million.
• Several institutional investors, including Goldman Sachs and Northern Trust, significantly boosted their positions in NRG Energy, with Goldman Sachs increasing its stake by 468.4%.
• NRG Energy recently announced a quarterly dividend of $0.44 per share, which will be paid out on August 15th, representing an annual yield of 1.1%.

Boston Partners lifted its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 169.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,817,018 shares of the utilities provider's stock after acquiring an additional 1,771,829 shares during the quarter. Boston Partners owned 1.38% of NRG Energy worth $269,230,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Zions Bancorporation National Association UT purchased a new stake in NRG Energy in the 1st quarter valued at approximately $28,000. Key Financial Inc purchased a new stake in NRG Energy in the 1st quarter valued at approximately $30,000. Evermay Wealth Management LLC purchased a new stake in NRG Energy in the 1st quarter valued at approximately $36,000. Park Square Financial Group LLC purchased a new stake in NRG Energy in the 4th quarter valued at approximately $53,000. Finally, UMB Bank n.a. raised its holdings in NRG Energy by 44.0% in the 1st quarter. UMB Bank n.a. now owns 655 shares of the utilities provider's stock valued at $63,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.

Insider Activity at NRG Energy

In other 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 transaction, the director owned 55,427 shares of the company's stock, valued at approximately $8,563,471.50. This trade represents a 47.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NRG shares. Barclays boosted their price target on NRG Energy from $197.00 to $203.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Jefferies Financial Group boosted their price target on NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a report on Monday, May 5th. BMO Capital Markets boosted their price target on NRG Energy from $167.00 to $185.00 and gave the company a "market perform" rating in a report on Wednesday, August 6th. Wall Street Zen downgraded NRG Energy from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Raymond James Financial initiated coverage on NRG Energy in a report on Friday, June 13th. They set a "strong-buy" rating and a $195.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $162.70.

NRG Energy Stock Down 3.6%

NYSE:NRG traded down $5.47 on Friday, reaching $148.31. The stock had a trading volume of 2,789,153 shares, compared to its average volume of 3,379,730. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 5.99. The company has a 50-day moving average of $155.29 and a 200 day moving average of $127.57. The stock has a market cap of $28.69 billion, a P/E ratio of 67.11, a price-to-earnings-growth ratio of 1.25 and a beta of 1.14. NRG Energy, Inc. has a 12-month low of $76.13 and a 12-month high of $175.96.

NRG Energy (NYSE:NRG - Get Free Report) last issued 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 the consensus estimate of $6.63 billion. During the same period in the previous year, the business posted $3.37 EPS. The business's revenue for the quarter was up 1.2% on a year-over-year basis. On average, research analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.2%. NRG Energy's dividend payout ratio (DPR) is presently 79.64%.

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.