Commerzbank Aktiengesellschaft FI Invests $322,000 in NRG Energy, Inc. $NRG

Key Points

• Commerzbank Aktiengesellschaft FI recently invested $322,000 in NRG Energy, Inc., purchasing 2,004 shares in the second quarter.
• Major stakeholders, including Goldman Sachs and Amundi, significantly increased their holdings in NRG Energy during the first quarter, with Goldman Sachs boosting its stake by 468.4%.
• NRG Energy's stock is currently rated a "Moderate Buy" by analysts, with a consensus price target of $188.85, despite recent downgrades from some research firms.

Commerzbank Aktiengesellschaft FI purchased a new stake in NRG Energy, Inc. (NYSE:NRG - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,004 shares of the utilities provider's stock, valued at approximately $322,000.

Other large investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in shares of NRG Energy by 468.4% during the first quarter. Goldman Sachs Group Inc. now owns 4,757,735 shares of the utilities provider's stock worth $454,173,000 after purchasing an additional 6,049,247 shares in the last quarter. Amundi boosted its holdings in NRG Energy by 772.5% in the 1st quarter. Amundi now owns 4,378,022 shares of the utilities provider's stock worth $406,342,000 after buying an additional 3,876,235 shares during the last quarter. Boston Partners increased its stake in NRG Energy by 169.5% during the 1st quarter. Boston Partners now owns 2,817,018 shares of the utilities provider's stock worth $269,230,000 after buying an additional 1,771,829 shares in the last quarter. Appaloosa LP raised its holdings in shares of NRG Energy by 12.9% during the first quarter. Appaloosa LP now owns 2,050,000 shares of the utilities provider's stock valued at $195,693,000 after acquiring an additional 235,000 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of NRG Energy by 33.6% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,481,120 shares of the utilities provider's stock worth $141,388,000 after acquiring an additional 372,618 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NRG. Wall Street Zen downgraded NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. BMO Capital Markets increased their target price on shares of NRG Energy from $167.00 to $185.00 and gave the company a "market perform" rating in a research report on Wednesday, August 6th. 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 report on Thursday, August 7th. Citigroup raised their target price on shares of NRG Energy from $133.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Finally, Melius Research began coverage on NRG Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $308.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, NRG Energy has a consensus rating of "Moderate Buy" and an average price target of $188.85.

NRG Energy Stock Down 4.5%

NRG Energy stock opened at $160.66 on Friday. The stock's 50 day moving average price is $157.20 and its 200 day moving average price is $143.34. 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 company has a market cap of $31.08 billion, a PE ratio of 72.70, a price-to-earnings-growth ratio of 1.29 and a beta of 1.14. NRG Energy, Inc. has a 1-year low of $79.57 and a 1-year 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.04). The firm had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.63 billion. NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm earned $3.37 EPS. 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 business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued 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 1.1%. NRG Energy's dividend payout ratio is 79.64%.

Insider Activity

In other news, VP Dak Liyanearachchi sold 10,672 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $155.00, for a total transaction of $1,654,160.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.86% of the company's stock.

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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