Tredje AP fonden Has $4.02 Million Position in NRG Energy, Inc. $NRG

Tredje AP fonden lifted its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 38.8% in the third quarter, Holdings Channel.com reports. The fund owned 24,789 shares of the utilities provider’s stock after acquiring an additional 6,928 shares during the quarter. Tredje AP fonden’s holdings in NRG Energy were worth $4,015,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in NRG Energy by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 5,411,045 shares of the utilities provider’s stock valued at $865,437,000 after purchasing an additional 39,253 shares in the last quarter. Holocene Advisors LP lifted its holdings in NRG Energy by 113.3% during the second quarter. Holocene Advisors LP now owns 1,444,271 shares of the utilities provider’s stock worth $231,921,000 after acquiring an additional 767,014 shares during the period. Legal & General Group Plc grew its stake in NRG Energy by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 975,218 shares of the utilities provider’s stock valued at $156,601,000 after purchasing an additional 19,997 shares during the period. First Trust Advisors LP increased its position in NRG Energy by 36.4% in the second quarter. First Trust Advisors LP now owns 887,413 shares of the utilities provider’s stock worth $142,501,000 after buying an additional 237,009 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC grew its stake in shares of NRG Energy by 492.5% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 883,781 shares of the utilities provider’s stock worth $141,918,000 after acquiring an additional 734,624 shares during the period. Institutional investors and hedge funds own 97.72% of the company’s stock.

Analyst Ratings Changes

NRG has been the topic of a number of research reports. Zacks Research cut NRG Energy from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Wells Fargo & Company increased their target price on shares of NRG Energy from $202.00 to $206.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Jefferies Financial Group decreased their price target on NRG Energy from $198.00 to $181.00 and set a “buy” rating on the stock in a report on Tuesday, January 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NRG Energy in a research note on Monday, December 29th. Finally, Morgan Stanley set a $153.00 target price on NRG Energy in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $185.73.

Insider Activity

In related news, VP Brian Curci sold 60,580 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $161.71, for a total transaction of $9,796,391.80. Following the completion of the transaction, the vice president owned 93,089 shares in the company, valued at $15,053,422.19. The trade was a 39.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Robert J. Gaudette sold 45,000 shares of the stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $158.76, for a total transaction of $7,144,200.00. Following the sale, the vice president directly owned 63,920 shares of the company’s stock, valued at $10,147,939.20. The trade was a 41.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 172,556 shares of company stock worth $27,550,446. Company insiders own 0.86% of the company’s stock.

NRG Energy Price Performance

NRG Energy stock opened at $179.17 on Friday. The stock has a market cap of $38.46 billion, a price-to-earnings ratio of 26.78 and a beta of 1.27. The firm has a 50-day moving average of $156.86 and a two-hundred day moving average of $160.11. NRG Energy, Inc. has a 1 year low of $79.57 and a 1 year high of $180.54. The company has a debt-to-equity ratio of 8.45, a current ratio of 1.05 and a quick ratio of 0.99.

NRG Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were given a dividend of $0.475 per share. This is a boost from NRG Energy’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 1.1%. NRG Energy’s dividend payout ratio is presently 28.40%.

NRG Energy declared that its board has initiated a share buyback program on Thursday, November 6th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the utilities provider to buy up to 9.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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.