PFA Pension Forsikringsaktieselskab Makes New Investment in NRG Energy, Inc. $NRG

Key Points

• PFA Pension Forsikringsaktieselskab opened a new position in NRG Energy by acquiring 192,165 shares worth about $30.83 million, equal to roughly 0.10% of the company at quarter-end.
• Wall Street sentiment is broadly positive—MarketBeat shows a consensus rating of “Moderate Buy” with a consensus target price of $197.57, and several firms (including Evercore) issuing upgrades and targets up to $215.
• NRG's latest quarter showed $1.04 EPS (missing the $1.19 estimate) but revenue of $7.75 billion (beating expectations), and the company declared a $0.475 quarterly dividend (ex-dividend May 1; annualized yield ~1.2%).

PFA Pension Forsikringsaktieselskab acquired a new position in NRG Energy, Inc. (NYSE:NRG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 192,165 shares of the utilities provider's stock, valued at approximately $30,829,000. PFA Pension Forsikringsaktieselskab owned approximately 0.10% of NRG Energy at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Reaves W H & Co. Inc. raised its holdings in NRG Energy by 122.8% in the third quarter. Reaves W H & Co. Inc. now owns 295,471 shares of the utilities provider's stock worth $47,852,000 after purchasing an additional 162,874 shares in the last quarter. MidWestOne Financial Group Inc. increased its holdings in shares of NRG Energy by 58.1% during the third quarter. MidWestOne Financial Group Inc. now owns 19,992 shares of the utilities provider's stock valued at $3,238,000 after acquiring an additional 7,344 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of NRG Energy by 7.6% during the third quarter. Schroder Investment Management Group now owns 1,225,329 shares of the utilities provider's stock valued at $198,442,000 after acquiring an additional 86,528 shares in the last quarter. Border to Coast Pensions Partnership Ltd bought a new position in shares of NRG Energy during the third quarter valued at $27,003,000. Finally, Korea Investment CORP increased its holdings in shares of NRG Energy by 13.4% during the third quarter. Korea Investment CORP now owns 277,027 shares of the utilities provider's stock valued at $44,865,000 after acquiring an additional 32,672 shares in the last quarter. Institutional investors own 97.72% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wolfe Research upgraded NRG Energy from a "peer perform" rating to an "outperform" rating and set a $190.00 price target for the company in a report on Wednesday, March 18th. Evercore assumed coverage on NRG Energy in a report on Wednesday, February 25th. They set an "outperform" rating and a $215.00 price target for the company. Wells Fargo & Company raised their price target on NRG Energy from $202.00 to $206.00 and gave the company an "overweight" rating in a report on Tuesday, January 20th. The Goldman Sachs Group assumed coverage on NRG Energy in a report on Friday, March 6th. They set a "buy" rating and a $197.00 price target for the company. Finally, Weiss Ratings downgraded NRG Energy from a "buy (b)" rating to a "hold (c+)" rating in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $197.57.

NRG Energy Trading Down 0.1%

NRG Energy stock 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 one year low of $114.00 and a one year high of $189.96. The stock has a market capitalization of $32.88 billion, a PE ratio of 38.89 and a beta of 1.32. The business's fifty day moving average is $159.13 and its 200 day moving average is $160.74.

NRG Energy (NYSE:NRG - Get Free Report) last released its quarterly earnings data on Tuesday, February 24th. The utilities provider reported $1.04 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.15). NRG Energy had a net margin of 2.81% and a return on equity of 109.48%. The business had revenue of $7.75 billion for the quarter, compared to analysts' expectations of $6.68 billion. During the same period last year, the business earned $1.56 earnings per share. The company's quarterly revenue was up 13.7% on a year-over-year basis. On average, sell-side analysts predict that NRG Energy, Inc. will post 8.98 EPS for the current year.

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be given a dividend of $0.475 per share. 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 dividend payout ratio (DPR) is 48.22%.

Insider Activity at NRG Energy

In related news, VP Virginia Kinney sold 5,000 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $156.65, for a total transaction of $783,250.00. Following the sale, the vice president directly owned 55,495 shares of the company's stock, valued at $8,693,291.75. This trade represents a 8.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.43% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.