Robeco Institutional Asset Management B.V. Boosts Position in NRG Energy, Inc. $NRG

Key Points

• Robeco Institutional Asset Management boosted its stake in NRG by 20.5% in Q4 to 529,039 shares (about $84.24M), and institutional investors now own roughly 97.72% of the stock.
• NRG missed Q4 EPS estimates ($1.04 vs. $1.19 expected) but reported revenue of $7.75B—beating estimates and up 13.7% year-over-year.
• The company raised its quarterly dividend to $0.475 (annualized $1.90, ~1.2% yield), and analysts have a consensus rating of “Moderate Buy” with a mean price target of about $198.21.

Robeco Institutional Asset Management B.V. lifted its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 20.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 529,039 shares of the utilities provider's stock after acquiring an additional 90,148 shares during the period. Robeco Institutional Asset Management B.V. owned 0.28% of NRG Energy worth $84,244,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Diversify Advisory Services LLC raised its holdings in NRG Energy by 6.8% in the 4th quarter. Diversify Advisory Services LLC now owns 1,999 shares of the utilities provider's stock valued at $304,000 after buying an additional 128 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in NRG Energy by 5.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 396,729 shares of the utilities provider's stock valued at $63,175,000 after buying an additional 21,922 shares during the period. V Square Quantitative Management LLC purchased a new stake in NRG Energy in the 4th quarter valued at about $732,000. Personal CFO Solutions LLC raised its holdings in NRG Energy by 10.7% in the 4th quarter. Personal CFO Solutions LLC now owns 2,685 shares of the utilities provider's stock valued at $428,000 after buying an additional 260 shares during the period. Finally, Prime Capital Investment Advisors LLC raised its holdings in NRG Energy by 5.1% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 7,117 shares of the utilities provider's stock valued at $1,133,000 after buying an additional 347 shares during the period. Hedge funds and other institutional investors own 97.72% of the company's stock.

NRG Energy Stock Performance

Shares of NRG Energy stock opened at $164.23 on Monday. NRG Energy, Inc. has a one year low of $90.84 and a one year high of $189.96. The company has a market cap of $35.24 billion, a PE ratio of 41.68 and a beta of 1.35. The company has a debt-to-equity ratio of 15.92, a quick ratio of 1.58 and a current ratio of 1.64. The business has a 50-day simple moving average of $159.24 and a 200-day simple moving average of $161.26.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The utilities provider reported $1.04 EPS for the quarter, missing analysts' consensus estimates of $1.19 by ($0.15). NRG Energy had a return on equity of 109.48% and a net margin of 2.81%.The company had revenue of $7.75 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same period in the prior year, the firm posted $1.56 earnings per share. The business's quarterly revenue was up 13.7% compared to the same quarter last year. On average, equities research analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were given a dividend of $0.475 per share. This is a boost from NRG Energy's previous quarterly dividend of $0.44. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, February 2nd. NRG Energy's dividend payout ratio is presently 48.22%.

Wall Street Analyst Weigh In

NRG has been the topic of a number of recent research reports. BNP Paribas Exane initiated coverage on shares of NRG Energy in a research note on Wednesday, March 18th. They set an "outperform" rating and a $232.00 price target on the stock. The Goldman Sachs Group initiated coverage on shares of NRG Energy in a research note on Friday, March 6th. They set a "buy" rating and a $197.00 price target on the stock. Raymond James Financial reiterated a "strong-buy" rating and set a $225.00 price target on shares of NRG Energy in a research note on Monday, February 23rd. Morgan Stanley set a $153.00 price target on shares of NRG Energy in a research note on Tuesday, February 17th. Finally, Jefferies Financial Group cut their price target on shares of NRG Energy from $198.00 to $181.00 and set a "buy" rating on the stock in a research note on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, NRG Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $198.21.

Insider Activity at NRG Energy

In other news, VP Virginia Kinney sold 5,000 shares of the business's stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $156.65, for a total transaction of $783,250.00. Following the completion of the transaction, the vice president directly 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.43% of the company's stock.

About NRG Energy

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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