Nordea Investment Management AB Has $5.05 Million Holdings in NRG Energy, Inc. $NRG

Nordea Investment Management AB increased its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 191.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,238 shares of the utilities provider’s stock after acquiring an additional 20,502 shares during the period. Nordea Investment Management AB’s holdings in NRG Energy were worth $5,047,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of NRG Energy by 41.8% in the 4th quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider’s stock valued at $468,000 after purchasing an additional 1,528 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in NRG Energy in the 1st quarter valued at approximately $323,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in NRG Energy by 7.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,257 shares of the utilities provider’s stock valued at $1,934,000 after acquiring an additional 1,381 shares in the last quarter. Woodline Partners LP boosted its position in NRG Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 17,114 shares of the utilities provider’s stock worth $1,634,000 after acquiring an additional 4,949 shares during the last quarter. Finally, Signal Advisors Wealth LLC bought a new position in shares of NRG Energy during the 2nd quarter worth approximately $248,000. 97.72% of the stock is owned by institutional investors and hedge funds.

NRG Energy Trading Down 4.1%

NRG Energy stock opened at $152.05 on Friday. NRG Energy, Inc. has a 52 week low of $79.57 and a 52 week high of $180.54. The company has a debt-to-equity ratio of 8.45, a quick ratio of 0.99 and a current ratio of 1.05. The stock has a market capitalization of $29.14 billion, a P/E ratio of 22.73 and a beta of 1.25. The stock has a 50-day simple moving average of $160.91 and a 200 day simple moving average of $160.00.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Thursday, November 6th. The utilities provider reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.85. NRG Energy had a return on equity of 103.57% and a net margin of 4.84%.The firm had revenue of $7.64 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same quarter in the prior year, the company earned $1.90 earnings per share. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

NRG Energy announced that its board has initiated a stock buyback plan on Thursday, November 6th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the utilities provider to purchase up to 9.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

NRG Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, November 3rd. NRG Energy’s payout ratio is currently 26.31%.

Insider Activity at NRG Energy

In other news, VP Virginia Kinney sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $163.82, for a total transaction of $3,276,400.00. Following the completion of the sale, the vice president owned 43,191 shares in the company, valued at approximately $7,075,549.62. This trade represents a 31.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Brian Curci sold 60,580 shares of NRG Energy stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $161.71, for a total transaction of $9,796,391.80. Following the sale, the vice president directly owned 93,089 shares of the company’s stock, valued at $15,053,422.19. The trade was a 39.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 192,556 shares of company stock valued at $30,826,846 over the last three months. Company insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

NRG has been the topic of a number of research reports. Morgan Stanley reissued an “underperform” rating on shares of NRG Energy in a research report on Thursday, November 20th. Scotiabank assumed coverage on shares of NRG Energy in a research note on Monday, September 22nd. They set a “sector outperform” rating and a $212.00 price objective for the company. BMO Capital Markets lifted their target price on NRG Energy from $185.00 to $195.00 and gave the company a “market perform” rating in a research report on Friday, November 7th. Jefferies Financial Group reiterated a “buy” rating and set a $198.00 target price on shares of NRG Energy in a report on Monday, October 20th. Finally, Wells Fargo & Company raised NRG Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, NRG Energy has a consensus rating of “Moderate Buy” and a consensus target price of $199.21.

About NRG Energy

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.