Robeco Institutional Asset Management B.V. Increases Stake in NRG Energy, Inc. (NYSE:NRG)

Robeco Institutional Asset Management B.V. lifted its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 7.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 384,013 shares of the utilities provider's stock after purchasing an additional 25,765 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.19% of NRG Energy worth $34,646,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC increased its position in NRG Energy by 203.6% in the second quarter. NewEdge Advisors LLC now owns 33,189 shares of the utilities provider's stock worth $2,584,000 after buying an additional 22,257 shares in the last quarter. Cetera Investment Advisers increased its holdings in NRG Energy by 3.4% in the 2nd quarter. Cetera Investment Advisers now owns 76,412 shares of the utilities provider's stock worth $5,950,000 after acquiring an additional 2,547 shares in the last quarter. New Century Financial Group LLC bought a new stake in NRG Energy during the 2nd quarter worth approximately $216,000. Clearbridge Investments LLC purchased a new position in NRG Energy during the second quarter valued at approximately $1,012,000. Finally, Sanctuary Advisors LLC bought a new position in shares of NRG Energy in the second quarter worth approximately $1,120,000. Hedge funds and other institutional investors own 97.72% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on NRG. Wells Fargo & Company boosted their price objective on NRG Energy from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, November 11th. BMO Capital Markets upped their price target on NRG Energy from $94.00 to $100.00 and gave the stock a "market perform" rating in a research note on Tuesday, November 19th. Citigroup lifted their price objective on shares of NRG Energy from $84.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Jefferies Financial Group raised shares of NRG Energy from a "hold" rating to a "buy" rating and boosted their target price for the stock from $93.00 to $113.00 in a report on Tuesday, November 26th. Finally, Guggenheim raised their target price on shares of NRG Energy from $77.00 to $118.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $111.43.

NRG Energy Trading Up 1.4 %

Shares of NYSE:NRG traded up $1.46 during trading on Monday, hitting $103.46. The company had a trading volume of 1,332,891 shares, compared to its average volume of 3,382,207. The stock has a market cap of $20.96 billion, a price-to-earnings ratio of 26.00, a price-to-earnings-growth ratio of 1.21 and a beta of 1.15. The company has a debt-to-equity ratio of 5.57, a current ratio of 1.17 and a quick ratio of 1.10. The company has a fifty day simple moving average of $98.17 and a two-hundred day simple moving average of $89.47. NRG Energy, Inc. has a one year low of $51.26 and a one year high of $115.38.

NRG Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.44 per share. This is a boost from NRG Energy's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 1.70%. NRG Energy's payout ratio is 40.95%.

Insider Activity

In related news, VP Robert J. Gaudette sold 60,000 shares of the firm's 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 completion of the sale, the vice president now directly owns 64,448 shares of the company's stock, valued at approximately $5,891,191.68. This trade represents a 48.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bruce Chung sold 20,000 shares of the company's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $97.63, for a total value of $1,952,600.00. Following the completion of the transaction, the chief financial officer now directly owns 69,454 shares in the company, valued at $6,780,794.02. This trade represents a 22.36 % decrease in their position. The disclosure for this sale can be found here. 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.