KBC Group NV Has $1.62 Million Holdings in NRG Energy, Inc. (NYSE:NRG)

KBC Group NV reduced its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 12.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,966 shares of the utilities provider's stock after selling 2,395 shares during the period. KBC Group NV's holdings in NRG Energy were worth $1,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Boston Partners acquired a new stake in NRG Energy in the 4th quarter valued at about $94,346,000. Appaloosa LP increased its holdings in NRG Energy by 81.5% during the 4th quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider's stock worth $163,749,000 after purchasing an additional 815,180 shares during the period. Teacher Retirement System of Texas grew its stake in shares of NRG Energy by 350.4% during the fourth quarter. Teacher Retirement System of Texas now owns 904,265 shares of the utilities provider's stock worth $81,583,000 after purchasing an additional 703,481 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of NRG Energy in the 4th quarter valued at $61,679,000. Finally, GAMMA Investing LLC boosted its position in shares of NRG Energy by 10,483.2% in the 1st quarter. GAMMA Investing LLC now owns 661,347 shares of the utilities provider's stock valued at $63,132,000 after purchasing an additional 655,098 shares during the period. 97.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions 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 completion of the transaction, the director directly owned 55,427 shares in the company, valued at $8,563,471.50. This represents a 47.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.61% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on NRG. Raymond James Financial assumed 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 objective for the company. Barclays set a $197.00 price target on NRG Energy and gave the stock an "overweight" rating in a research note on Thursday, June 26th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $167.00 price objective (up previously from $115.00) on shares of NRG Energy in a research report on Wednesday, May 14th. Guggenheim raised their price objective on shares of NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Finally, The Goldman Sachs Group started coverage on NRG Energy in a research report on Friday, April 4th. They set a "buy" rating and a $129.00 price objective for the company. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $151.80.

NRG Energy Price Performance

Shares of NRG stock traded up $0.24 during mid-day trading on Monday, reaching $158.63. The company's stock had a trading volume of 1,929,173 shares, compared to its average volume of 2,980,373. NRG Energy, Inc. has a 1-year low of $65.11 and a 1-year high of $168.57. The company has a debt-to-equity ratio of 4.61, a quick ratio of 1.02 and a current ratio of 1.06. The company has a market cap of $31.01 billion, a P/E ratio of 25.59, a PEG ratio of 1.26 and a beta of 1.13. The firm's 50-day moving average is $148.48 and its two-hundred day moving average is $116.51.

NRG Energy (NYSE:NRG - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $1.90. The firm had revenue of $8.59 billion during the quarter, compared to analyst estimates of $8.28 billion. NRG Energy had a return on equity of 73.78% and a net margin of 4.66%. The business's revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.31 earnings per share. On average, research analysts predict 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 Thursday, May 15th. Investors of record on Thursday, May 1st were paid a dividend of $0.44 per share. The ex-dividend date was Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.11%. NRG Energy's dividend payout ratio (DPR) is presently 28.39%.

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.