NRG Energy, Inc. (NYSE:NRG) Shares Bought by Deutsche Bank AG

Deutsche Bank AG lifted its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 7.3% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,050,924 shares of the utilities provider's stock after buying an additional 71,337 shares during the period. Deutsche Bank AG owned 0.52% of NRG Energy worth $100,321,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. GW&K Investment Management LLC raised its stake in NRG Energy by 23.8% during the first quarter. GW&K Investment Management LLC now owns 672 shares of the utilities provider's stock worth $64,000 after purchasing an additional 129 shares during the period. Envestnet Asset Management Inc. raised its stake in NRG Energy by 99.2% during the first quarter. Envestnet Asset Management Inc. now owns 413,911 shares of the utilities provider's stock worth $39,512,000 after purchasing an additional 206,096 shares during the period. Exchange Traded Concepts LLC raised its stake in NRG Energy by 54.4% during the first quarter. Exchange Traded Concepts LLC now owns 6,215 shares of the utilities provider's stock worth $593,000 after purchasing an additional 2,190 shares during the period. State of Alaska Department of Revenue raised its stake in NRG Energy by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 23,728 shares of the utilities provider's stock worth $2,265,000 after purchasing an additional 630 shares during the period. Finally, Graham Capital Management L.P. purchased a new position in NRG Energy during the fourth quarter worth approximately $276,000. Hedge funds and other institutional investors own 97.72% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NRG shares. Wall Street Zen downgraded shares of NRG Energy from a "buy" rating to a "hold" rating in a research note on Saturday. Wells Fargo & Company raised their target price on shares of NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Guggenheim raised their target price on shares of NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Citigroup raised their target price on shares of NRG Energy from $133.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Finally, Jefferies Financial Group raised their target price on shares of NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, NRG Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $162.70.

NRG Energy Stock Up 3.2%

NRG traded up $4.84 during trading hours on Tuesday, reaching $156.87. 2,409,800 shares of the stock traded hands, compared to its average volume of 3,407,810. The firm's fifty day simple moving average is $155.52 and its two-hundred day simple moving average is $126.66. The company has a market cap of $30.34 billion, a price-to-earnings ratio of 70.98, a PEG ratio of 1.28 and a beta of 1.14. NRG Energy, Inc. has a fifty-two week low of $76.13 and a fifty-two week high of $175.96. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.93 and a quick ratio of 0.88.

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 for the quarter, missing analysts' consensus estimates 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 net margin of 1.78% and a return on equity of 88.22%. NRG Energy's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $3.37 earnings per share. As a group, analysts forecast that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

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 issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, August 1st. NRG Energy's dividend payout ratio (DPR) is presently 79.64%.

Insiders Place Their Bets

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of the firm's stock in a transaction on 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 completion of the transaction, the director directly owned 55,427 shares of the company's stock, valued at $8,563,471.50. This trade represents a 47.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.61% 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.