Robeco Institutional Asset Management B.V. Has $56.36 Million Stock Holdings in NRG Energy, Inc. $NRG

Key Points

• Robeco Institutional Asset Management B.V. reduced its holdings in NRG Energy by 9.5%, ending the quarter with 350,984 shares valued at approximately $56.36 million.
• Insider Dak Liyanearachchi sold 10,672 shares of NRG Energy, marking an 18.01% reduction in their stake, and they now hold 48,571 shares valued at around $7.5 million.
• The company recently declared a quarterly dividend of $0.44 per share, contributing to a 1.1% dividend yield and a payout ratio of 79.64%.

Robeco Institutional Asset Management B.V. cut its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 9.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 350,984 shares of the utilities provider's stock after selling 36,632 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.18% of NRG Energy worth $56,361,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. GW&K Investment Management LLC lifted its stake in shares of NRG Energy by 23.8% in the first quarter. GW&K Investment Management LLC now owns 672 shares of the utilities provider's stock worth $64,000 after buying an additional 129 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of NRG Energy by 99.2% in the first quarter. Envestnet Asset Management Inc. now owns 413,911 shares of the utilities provider's stock worth $39,512,000 after buying an additional 206,096 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of NRG Energy by 54.4% in the first quarter. Exchange Traded Concepts LLC now owns 6,215 shares of the utilities provider's stock worth $593,000 after buying an additional 2,190 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of NRG Energy by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 23,728 shares of the utilities provider's stock worth $2,265,000 after buying an additional 630 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of NRG Energy by 28.4% in the first quarter. Janney Montgomery Scott LLC now owns 16,815 shares of the utilities provider's stock worth $1,605,000 after buying an additional 3,721 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Dak Liyanearachchi sold 10,672 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $155.00, for a total value of $1,654,160.00. Following the sale, the vice president directly owned 48,571 shares in the company, valued at $7,528,505. This trade represents a 18.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.86% of the company's stock.

NRG Energy Stock Up 3.3%

NRG opened at $167.20 on Friday. The firm's 50-day simple moving average is $156.94 and its 200-day simple moving average is $140.33. The company has a debt-to-equity ratio of 5.99, a quick ratio of 0.88 and a current ratio of 0.93. NRG Energy, Inc. has a twelve month low of $79.57 and a twelve month high of $175.96. The firm has a market cap of $32.34 billion, a price-to-earnings ratio of 75.66, a PEG ratio of 1.32 and a beta of 1.14.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.68 EPS for the quarter, missing analysts' consensus estimates of $1.72 by ($0.04). NRG Energy had a return on equity of 88.22% and a net margin of 1.78%.The company had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.63 billion. During the same period in the prior year, the company earned $3.37 EPS. The firm's revenue was up 1.2% compared to the same quarter last year. Equities research analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 1st. NRG Energy's dividend payout ratio (DPR) is 79.64%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NRG. Melius began coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $308.00 target price on the stock. Melius Research began coverage on shares of NRG Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $308.00 target price on the stock. Citigroup boosted their target price on shares of NRG Energy from $133.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Raymond James Financial began coverage on shares of NRG Energy in a research report on Friday, June 13th. They set a "strong-buy" rating and a $195.00 target price on the stock. Finally, Wall Street Zen lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $188.85.

NRG Energy Company 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.

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