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

PFA Pension Forsikringsaktieselskab bought a new position in NRG Energy, Inc. (NYSE:NRG) during the 4th quarter, Holdings Channel.com reports. The fund bought 192,165 shares of the utilities provider’s stock, valued at approximately $30,829,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quent Capital LLC purchased a new position in NRG Energy in the third quarter worth about $25,000. Atlantic Union Bankshares Corp boosted its position in NRG Energy by 90.4% in the third quarter. Atlantic Union Bankshares Corp now owns 179 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 85 shares during the last quarter. BOKF NA boosted its position in NRG Energy by 3,714.3% in the third quarter. BOKF NA now owns 267 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 260 shares during the last quarter. Beaird Harris Wealth Management LLC boosted its position in NRG Energy by 1,970.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the utilities provider’s stock worth $57,000 after purchasing an additional 335 shares during the last quarter. Finally, First Horizon Corp purchased a new position in NRG Energy in the third quarter worth about $67,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

NRG Energy Stock Down 0.1%

Shares of NRG opened at $153.24 on Monday. The business’s 50 day moving average is $159.13 and its 200 day moving average is $160.74. The company has a market capitalization of $32.88 billion, a PE ratio of 38.89 and a beta of 1.32. NRG Energy, Inc. has a 12-month low of $114.00 and a 12-month high of $189.96. The company has a current ratio of 1.64, a quick ratio of 1.58 and a debt-to-equity ratio of 15.92.

NRG Energy (NYSE:NRG) last issued its earnings results on Tuesday, February 24th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.15). The business had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $6.68 billion. NRG Energy had a net margin of 2.81% and a return on equity of 109.48%. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the business posted $1.56 EPS. Research analysts expect that NRG Energy, Inc. will post 8.98 earnings per share for the current fiscal year.

NRG Energy Announces Dividend

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

Insider Transactions at NRG Energy

In related news, VP Virginia Kinney sold 5,000 shares of NRG Energy stock in a transaction that occurred 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 owned 55,495 shares of the company’s stock, valued at approximately $8,693,291.75. This trade represents a 8.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NRG. Weiss Ratings cut NRG Energy from a “buy (b)” rating to a “hold (c+)” rating in a research report on Thursday, February 26th. Jefferies Financial Group lowered their price objective on NRG Energy from $198.00 to $181.00 and set a “buy” rating on the stock in a research report on Tuesday, January 27th. Zacks Research raised NRG Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Wells Fargo & Company lifted their price objective on NRG Energy from $202.00 to $206.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Finally, Barclays lowered their price objective on NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $197.57.

NRG Energy Company 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.