PFA Pension Forsikringsaktieselskab Makes New Investment in NRG Energy, Inc. $NRG

PFA Pension Forsikringsaktieselskab acquired a new position in NRG Energy, Inc. (NYSE:NRG) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 192,165 shares of the utilities provider’s stock, valued at approximately $30,829,000. PFA Pension Forsikringsaktieselskab owned approximately 0.10% of NRG Energy at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Reaves W H & Co. Inc. raised its holdings in NRG Energy by 122.8% in the third quarter. Reaves W H & Co. Inc. now owns 295,471 shares of the utilities provider’s stock worth $47,852,000 after purchasing an additional 162,874 shares in the last quarter. MidWestOne Financial Group Inc. increased its holdings in shares of NRG Energy by 58.1% during the third quarter. MidWestOne Financial Group Inc. now owns 19,992 shares of the utilities provider’s stock valued at $3,238,000 after acquiring an additional 7,344 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of NRG Energy by 7.6% during the third quarter. Schroder Investment Management Group now owns 1,225,329 shares of the utilities provider’s stock valued at $198,442,000 after acquiring an additional 86,528 shares in the last quarter. Border to Coast Pensions Partnership Ltd bought a new position in shares of NRG Energy during the third quarter valued at $27,003,000. Finally, Korea Investment CORP increased its holdings in shares of NRG Energy by 13.4% during the third quarter. Korea Investment CORP now owns 277,027 shares of the utilities provider’s stock valued at $44,865,000 after acquiring an additional 32,672 shares in the last quarter. Institutional investors own 97.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wolfe Research upgraded NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 price target for the company in a report on Wednesday, March 18th. Evercore assumed coverage on NRG Energy in a report on Wednesday, February 25th. They set an “outperform” rating and a $215.00 price target for the company. Wells Fargo & Company raised their price target on NRG Energy from $202.00 to $206.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. The Goldman Sachs Group assumed coverage on NRG Energy in a report on Friday, March 6th. They set a “buy” rating and a $197.00 price target for the company. Finally, Weiss Ratings downgraded NRG Energy from a “buy (b)” rating to a “hold (c+)” rating in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $197.57.

NRG Energy Trading Down 0.1%

NRG Energy stock opened at $153.24 on Monday. The company has a debt-to-equity ratio of 15.92, a current ratio of 1.64 and a quick ratio of 1.58. NRG Energy, Inc. has a one year low of $114.00 and a one year high of $189.96. The stock has a market capitalization of $32.88 billion, a PE ratio of 38.89 and a beta of 1.32. The business’s fifty day moving average is $159.13 and its 200 day moving average is $160.74.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Tuesday, February 24th. The utilities provider reported $1.04 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.15). NRG Energy had a net margin of 2.81% and a return on equity of 109.48%. The business had revenue of $7.75 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same period last year, the business earned $1.56 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. On average, sell-side analysts predict that NRG Energy, Inc. will post 8.98 EPS for the current year.

NRG Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, May 1st. This represents a $1.90 annualized dividend and a dividend yield of 1.2%. NRG Energy’s dividend payout ratio (DPR) is 48.22%.

Insider Activity at NRG Energy

In related news, VP Virginia Kinney sold 5,000 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $156.65, for a total transaction of $783,250.00. Following the sale, the vice president directly owned 55,495 shares of the company’s stock, valued at $8,693,291.75. This trade represents a 8.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.43% of the stock is owned by company insiders.

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.