NRG Energy, Inc. (NYSE:NRG) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 0.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 387,616 shares of the utilities provider's stock after purchasing an additional 3,603 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.19% of NRG Energy worth $37,002,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Banco Santander S.A. boosted its stake in shares of NRG Energy by 0.3% in the fourth quarter. Banco Santander S.A. now owns 2,828,000 shares of the utilities provider's stock worth $255,142,000 after acquiring an additional 7,500 shares during the last quarter. Northern Trust Corp boosted its stake in NRG Energy by 16.1% during the 4th quarter. Northern Trust Corp now owns 2,282,672 shares of the utilities provider's stock worth $205,943,000 after purchasing an additional 316,445 shares during the last quarter. Appaloosa LP grew its holdings in shares of NRG Energy by 81.5% during the fourth quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider's stock worth $163,749,000 after buying an additional 815,180 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of NRG Energy by 4.2% in the fourth quarter. Russell Investments Group Ltd. now owns 1,414,186 shares of the utilities provider's stock valued at $127,614,000 after buying an additional 56,944 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of NRG Energy by 3.1% in the fourth quarter. Prudential Financial Inc. now owns 1,374,245 shares of the utilities provider's stock valued at $123,984,000 after buying an additional 41,094 shares during the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group began coverage on shares of NRG Energy in a research report on Friday, April 4th. They set a "buy" rating and a $129.00 price target on the stock. Guggenheim boosted their target price on NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. BMO Capital Markets restated a "market perform" rating and issued a $167.00 price target (up from $115.00) on shares of NRG Energy in a research report on Wednesday, May 14th. Wall Street Zen raised NRG Energy from a "hold" rating to a "buy" rating in a report on Friday. Finally, Barclays set a $197.00 price objective on NRG Energy and gave the stock an "overweight" rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $151.80.

Insider Activity at NRG Energy

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $154.50, for a total value of $7,725,000.00. Following the completion of the transaction, the director now owns 55,427 shares in the company, valued at $8,563,471.50. The trade was a 47.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.86% of the company's stock.

NRG Energy Trading Up 0.8%

Shares of NYSE NRG traded up $1.25 during midday trading on Friday, reaching $162.79. 9,662,378 shares of the stock were exchanged, compared to its average volume of 2,971,656. The company has a 50 day simple moving average of $141.87 and a 200 day simple moving average of $113.59. 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 stock has a market capitalization of $31.83 billion, a P/E ratio of 26.26, a PEG ratio of 1.29 and a beta of 1.13. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $168.57.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $1.90. The firm had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $8.28 billion. NRG Energy had a return on equity of 73.78% and a net margin of 4.66%. The company's quarterly revenue was up 15.6% on a year-over-year basis. During the same period last year, the company earned $2.31 EPS. As a group, equities analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Thursday, May 1st. NRG Energy's dividend payout ratio (DPR) is 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.