Achmea Investment Management B.V. Boosts Holdings in NRG Energy, Inc. (NYSE:NRG)

Achmea Investment Management B.V. lifted its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 18.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,095 shares of the utilities provider's stock after acquiring an additional 34,584 shares during the quarter. Achmea Investment Management B.V. owned approximately 0.11% of NRG Energy worth $19,586,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in NRG Energy during the third quarter valued at about $26,000. Covestor Ltd grew its position in NRG Energy by 74.7% during the third quarter. Covestor Ltd now owns 325 shares of the utilities provider's stock valued at $30,000 after buying an additional 139 shares during the period. SBI Securities Co. Ltd. bought a new position in NRG Energy during the fourth quarter valued at about $32,000. UMB Bank n.a. grew its position in NRG Energy by 100.4% during the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider's stock valued at $41,000 after buying an additional 228 shares during the period. Finally, RPg Family Wealth Advisory LLC bought a new position in NRG Energy during the third quarter valued at about $43,000. Institutional investors own 97.72% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Guggenheim increased their target price on shares of NRG Energy from $134.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Morgan Stanley increased 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. Evercore ISI upgraded shares of NRG Energy from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $74.00 to $126.00 in a research report on Tuesday, January 21st. Finally, BMO Capital Markets increased their target price on shares of NRG Energy from $100.00 to $115.00 and gave the stock a "market perform" rating in a research report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, NRG Energy currently has an average rating of "Moderate Buy" and a consensus target price of $123.29.

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Insider Activity at NRG Energy

In other NRG Energy news, CFO Bruce Chung sold 20,000 shares of NRG Energy stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $97.63, for a total transaction of $1,952,600.00. Following the transaction, the chief financial officer now directly owns 69,454 shares of the company's stock, valued at approximately $6,780,794.02. This trade represents a 22.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Robert J. Gaudette sold 60,000 shares of NRG Energy stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total transaction of $5,484,600.00. Following the transaction, the vice president now directly owns 64,448 shares in the company, valued at $5,891,191.68. This trade represents a 48.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by insiders.

NRG Energy Price Performance

NRG traded down $1.30 on Thursday, reaching $91.17. The company had a trading volume of 3,433,506 shares, compared to its average volume of 3,040,707. The business has a 50 day simple moving average of $102.26 and a 200 day simple moving average of $94.30. The company has a market cap of $18.06 billion, a price-to-earnings ratio of 22.91, a P/E/G ratio of 1.01 and a beta of 1.13. The company has a debt-to-equity ratio of 5.57, a quick ratio of 1.10 and a current ratio of 1.17. NRG Energy, Inc. has a 52-week low of $62.40 and a 52-week high of $117.26.

NRG Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a $0.44 dividend. This is an increase from NRG Energy's previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Monday, February 3rd. NRG Energy's dividend payout ratio (DPR) is currently 35.92%.

About NRG Energy

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.