Robeco Institutional Asset Management B.V. Purchases 87,907 Shares of NRG Energy, Inc. $NRG

Robeco Institutional Asset Management B.V. boosted its position in shares of NRG Energy, Inc. (NYSE:NRG) by 25.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 438,891 shares of the utilities provider’s stock after acquiring an additional 87,907 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.23% of NRG Energy worth $71,078,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in NRG. Toth Financial Advisory Corp purchased a new stake in shares of NRG Energy during the 2nd quarter valued at about $27,000. Bank of Jackson Hole Trust purchased a new position in shares of NRG Energy during the 2nd quarter worth $28,000. Fourth Dimension Wealth LLC bought a new stake in NRG Energy during the second quarter valued at about $32,000. Twin Peaks Wealth Advisors LLC purchased a new stake in NRG Energy in the second quarter worth about $35,000. Finally, Kiker Wealth Management LLC purchased a new stake in NRG Energy in the second quarter worth about $37,000. 97.72% of the stock is currently owned by institutional investors.

Insider Transactions at NRG Energy

In related news, VP Robert J. Gaudette sold 45,000 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $158.76, for a total value of $7,144,200.00. Following the sale, the vice president directly owned 63,920 shares in the company, valued at approximately $10,147,939.20. The trade was a 41.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Virginia Kinney sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $163.82, for a total value of $3,276,400.00. Following the transaction, the vice president owned 43,191 shares of the company’s stock, valued at $7,075,549.62. This represents a 31.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 180,173 shares of company stock valued at $28,888,163 over the last three months. Corporate insiders own 0.61% of the company’s stock.

NRG Energy Trading Down 1.2%

NRG Energy stock opened at $159.61 on Wednesday. NRG Energy, Inc. has a 1 year low of $79.57 and a 1 year high of $180.54. The firm’s 50 day moving average price is $164.49 and its 200-day moving average price is $160.41. The company has a debt-to-equity ratio of 8.45, a current ratio of 1.05 and a quick ratio of 0.99. The stock has a market cap of $30.59 billion, a P/E ratio of 23.86 and a beta of 1.25.

NRG Energy (NYSE:NRG) last posted its earnings results on Thursday, November 6th. The utilities provider reported $2.78 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.85. The company had revenue of $7.64 billion during the quarter, compared to analysts’ expectations of $7.53 billion. NRG Energy had a net margin of 4.84% and a return on equity of 103.57%. NRG Energy’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the company posted $1.90 earnings per share. On average, equities analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy declared that its board has approved a stock buyback plan on Thursday, November 6th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the utilities provider to reacquire up to 9.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

NRG Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were given a dividend of $0.44 per share. The ex-dividend date was Monday, November 3rd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. NRG Energy’s dividend payout ratio (DPR) is presently 26.31%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of NRG Energy in a research note on Monday, December 29th. Scotiabank began coverage on shares of NRG Energy in a report on Monday, September 22nd. They set a “sector outperform” rating and a $212.00 price target on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $198.00 price objective on shares of NRG Energy in a research note on Monday, October 20th. Morgan Stanley restated an “underperform” rating on shares of NRG Energy in a research note on Thursday, November 20th. Finally, UBS Group assumed coverage on shares of NRG Energy in a report on Tuesday, December 9th. They issued a “buy” rating and a $211.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $199.21.

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.