Universal Beteiligungs und Servicegesellschaft mbH Boosts Stock Position in NRG Energy, Inc. (NYSE:NRG)

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 74.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 156,495 shares of the utilities provider's stock after buying an additional 67,001 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.08% of NRG Energy worth $14,939,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of NRG. Guidance Capital Inc. increased its holdings in NRG Energy by 3.9% in the 1st quarter. Guidance Capital Inc. now owns 14,663 shares of the utilities provider's stock worth $1,400,000 after purchasing an additional 549 shares in the last quarter. Choreo LLC raised its position in shares of NRG Energy by 35.6% during the first quarter. Choreo LLC now owns 8,302 shares of the utilities provider's stock worth $793,000 after acquiring an additional 2,179 shares during the last quarter. HighPoint Advisor Group LLC raised its position in shares of NRG Energy by 2.5% during the first quarter. HighPoint Advisor Group LLC now owns 39,275 shares of the utilities provider's stock worth $3,749,000 after acquiring an additional 955 shares during the last quarter. Kayne Anderson Capital Advisors LP bought a new position in shares of NRG Energy during the first quarter worth about $4,081,000. Finally, GW&K Investment Management LLC raised its position in shares of 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 acquiring an additional 129 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors.

NRG Energy Stock Up 1.1%

NRG Energy stock traded up $1.77 during mid-day trading on Monday, reaching $158.36. The stock had a trading volume of 511,537 shares, compared to its average volume of 3,202,779. The company has a debt-to-equity ratio of 4.61, a quick ratio of 1.02 and a current ratio of 1.06. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $168.57. The stock's 50-day simple moving average is $154.71 and its 200-day simple moving average is $122.16. The firm has a market capitalization of $30.96 billion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 1.30 and a beta of 1.13.

NRG Energy (NYSE:NRG - Get Free Report) last announced its earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $1.90. The company had revenue of $8.59 billion for the quarter, compared to analysts' expectations of $8.28 billion. NRG Energy had a return on equity of 73.78% and a net margin of 4.66%. NRG Energy's quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.31 earnings per share. On average, sell-side analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $1.76 annualized dividend and a dividend yield of 1.11%. NRG Energy's payout ratio is 28.39%.

Insider Activity

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 stock was sold at an average price of $154.50, for a total value of $7,725,000.00. Following the transaction, the director owned 55,427 shares of the company's stock, valued at approximately $8,563,471.50. The trade was a 47.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NRG has been the subject of several recent analyst reports. Barclays set a $197.00 target price on NRG Energy and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Wells Fargo & Company lifted their target price on NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. BMO Capital Markets reiterated a "market perform" rating and issued a $167.00 target price (up from $115.00) on shares of NRG Energy in a report on Wednesday, May 14th. Raymond James Financial assumed coverage on NRG Energy in a report on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 target price for the company. Finally, Jefferies Financial Group lifted their target price on NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $160.30.

NRG Energy Profile

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.