Siemens Fonds Invest GmbH Invests $212,000 in NRG Energy, Inc. (NYSE:NRG)

Siemens Fonds Invest GmbH acquired a new stake in NRG Energy, Inc. (NYSE:NRG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,306 shares of the utilities provider's stock, valued at approximately $212,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Boston Partners purchased a new stake in NRG Energy in the fourth quarter valued at approximately $94,346,000. Appaloosa LP increased its position 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 purchasing an additional 815,180 shares in the last quarter. Teacher Retirement System of Texas increased its stake in NRG Energy by 350.4% in the fourth quarter. Teacher Retirement System of Texas now owns 904,265 shares of the utilities provider's stock valued at $81,583,000 after purchasing an additional 703,481 shares during the period. Raymond James Financial Inc. purchased a new position in NRG Energy in the 4th quarter valued at $61,679,000. Finally, Leigh Baldwin & CO. LLC purchased a new stake in shares of NRG Energy in the fourth quarter valued at approximately $54,881,000. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Trading Down 2.6%

NYSE NRG traded down $4.11 during trading on Wednesday, reaching $156.93. 3,204,221 shares of the stock traded hands, compared to its average volume of 3,007,066. The stock's 50-day moving average price is $121.62 and its 200 day moving average price is $106.87. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The firm has a market cap of $30.68 billion, a price-to-earnings ratio of 39.43, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $162.33.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $1.90. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. The company had revenue of $8.59 billion for the quarter, compared to analyst estimates of $8.28 billion. During the same period in the previous year, the company posted $2.31 earnings per share. The company's quarterly revenue was up 15.6% compared to the same quarter last year. Analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Thursday, May 1st. NRG Energy's payout ratio is 28.39%.

Analyst Ratings Changes

Several analysts have recently commented on NRG shares. The Goldman Sachs Group initiated coverage on shares of NRG Energy in a research report on Friday, April 4th. They issued a "buy" rating and a $129.00 price target on the stock. Guggenheim increased their price target on NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Jefferies Financial Group upped their price objective on NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Wall Street Zen downgraded NRG Energy from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Morgan Stanley raised their price target on shares of NRG Energy from $86.00 to $99.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $140.75.

Insiders Place Their Bets

In other news, Director Kevin Howell sold 50,000 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $8,563,471.50. This represents a 47.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.61% of the company's stock.

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.