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

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 89,494 shares of the utilities provider's stock, valued at approximately $8,074,000.

Several other hedge funds have also recently modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new position in NRG Energy in the fourth quarter valued at about $32,000. Mizuho Bank Ltd. acquired a new position in NRG Energy during the fourth quarter worth $41,000. Princeton Global Asset Management LLC grew its holdings in NRG Energy by 414.9% in the fourth quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider's stock valued at $44,000 after purchasing an additional 390 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of NRG Energy by 221.0% during the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock worth $45,000 after buying an additional 347 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in shares of NRG Energy by 64.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 521 shares of the utilities provider's stock worth $51,000 after buying an additional 205 shares in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Stock Performance

NRG Energy stock traded down $4.11 during midday trading on Wednesday, reaching $156.93. 3,204,221 shares of the stock traded hands, compared to its average volume of 3,007,066. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $162.33. The company has a current ratio of 1.17, a quick ratio of 1.10 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 PEG ratio of 1.01 and a beta of 1.13. The firm has a fifty day moving average price of $121.62 and a two-hundred day moving average price of $106.87.

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

NRG Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

NRG has been the topic of a number of analyst reports. Morgan Stanley raised their target price on shares of NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. Wells Fargo & Company increased their target price on NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. BMO Capital Markets reissued a "market perform" rating and set a $167.00 price target (up previously from $115.00) on shares of NRG Energy in a research report on Wednesday, May 14th. Guggenheim raised their price objective on NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Finally, Wall Street Zen lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, NRG Energy has a consensus rating of "Moderate Buy" and a consensus price target of $140.75.

Insider Buying and Selling

In other news, Director Kevin Howell sold 50,000 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the transaction, the director now directly owns 55,427 shares in the company, valued at $8,563,471.50. The trade was a 47.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.61% of the company's stock.

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.