NRG Energy, Inc. $NRG Shares Purchased by Danske Bank A S

Key Points

• Danske Bank A/S increased its stake in NRG by 33.6% in Q4 to 103,214 shares (about $16.44 million), while institutional investors collectively own roughly 97.7% of the stock.
• NRG reported Q4 EPS of $1.04, missing consensus of $1.19, but revenue beat at $7.75 billion; the quarter showed a 2.81% net margin and a very high return on equity (109.48%).
• The consensus analyst view is a "Moderate Buy" with an average target of $197.57 amid mixed analyst actions, and the company declared a quarterly dividend of $0.475 (annualized $1.90, ~1.2% yield) payable May 15.

Danske Bank A S boosted its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 33.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 103,214 shares of the utilities provider's stock after purchasing an additional 25,968 shares during the period. Danske Bank A S owned approximately 0.05% of NRG Energy worth $16,436,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Quent Capital LLC bought a new stake in NRG Energy in the third quarter worth about $25,000. Atlantic Union Bankshares Corp raised its position in NRG Energy by 90.4% in the third quarter. Atlantic Union Bankshares Corp now owns 179 shares of the utilities provider's stock worth $29,000 after acquiring an additional 85 shares in the last quarter. BOKF NA raised its position in NRG Energy by 3,714.3% in the third quarter. BOKF NA now owns 267 shares of the utilities provider's stock worth $43,000 after acquiring an additional 260 shares in the last quarter. Beaird Harris Wealth Management LLC raised its position in NRG Energy by 1,970.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the utilities provider's stock worth $57,000 after acquiring an additional 335 shares in the last quarter. Finally, First Horizon Corp acquired a new stake in NRG Energy during the 3rd quarter worth about $67,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the company. Weiss Ratings downgraded NRG Energy from a "buy (b)" rating to a "hold (c+)" rating in a report on Thursday, February 26th. BNP Paribas Exane assumed coverage on NRG Energy in a research note on Wednesday, March 18th. They set an "outperform" rating and a $232.00 target price on the stock. Jefferies Financial Group lowered their target price on NRG Energy from $198.00 to $181.00 and set a "buy" rating on the stock in a research note on Tuesday, January 27th. Wells Fargo & Company lifted their target price on NRG Energy from $202.00 to $206.00 and gave the company an "overweight" rating in a research note on Tuesday, January 20th. Finally, Raymond James Financial set a $210.00 target price on NRG Energy in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, NRG Energy currently has a consensus rating of "Moderate Buy" and an average target price of $197.57.

Insider Activity at NRG Energy

In related news, VP Virginia Kinney sold 5,000 shares of the business's stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $156.65, for a total value of $783,250.00. Following the completion of the sale, the vice president owned 55,495 shares of the company's stock, valued at approximately $8,693,291.75. The trade was a 8.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.43% of the company's stock.

NRG Energy Trading Down 0.1%

NYSE:NRG opened at $153.24 on Monday. The company has a debt-to-equity ratio of 15.92, a current ratio of 1.64 and a quick ratio of 1.58. NRG Energy, Inc. has a fifty-two week low of $114.00 and a fifty-two week high of $189.96. The stock's 50-day moving average is $159.13 and its two-hundred day moving average is $160.74. The stock has a market cap of $32.88 billion, a PE ratio of 38.89 and a beta of 1.32.

NRG Energy (NYSE:NRG - Get Free Report) last released its earnings results on Tuesday, February 24th. The utilities provider reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.15). The business had revenue of $7.75 billion for the quarter, compared to analysts' expectations of $6.68 billion. NRG Energy had a net margin of 2.81% and a return on equity of 109.48%. The company's revenue was up 13.7% compared to the same quarter last year. During the same period last year, the firm earned $1.56 EPS. As a group, equities research analysts forecast that NRG Energy, Inc. will post 8.98 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, May 15th. Investors of record on Friday, May 1st will be paid a $0.475 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a $1.90 annualized dividend and a dividend yield of 1.2%. NRG Energy's payout ratio is presently 48.22%.

NRG Energy Profile

NRG Energy NYSE: NRG is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG's generation mix includes conventional thermal plants as well as renewable and distributed energy resources.

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