Universal Beteiligungs und Servicegesellschaft mbH Increases Position in NRG Energy, Inc. $NRG

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in NRG Energy, Inc. (NYSE:NRG) by 4.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,478 shares of the utilities provider’s stock after purchasing an additional 4,910 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in NRG Energy were worth $17,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Sage Mountain Advisors LLC grew its holdings in NRG Energy by 11.5% during the third quarter. Sage Mountain Advisors LLC now owns 1,866 shares of the utilities provider’s stock valued at $302,000 after purchasing an additional 193 shares during the period. Inscription Capital LLC boosted its stake in NRG Energy by 24.8% in the 3rd quarter. Inscription Capital LLC now owns 3,620 shares of the utilities provider’s stock worth $586,000 after purchasing an additional 720 shares during the period. Americana Partners LLC bought a new position in shares of NRG Energy in the third quarter valued at approximately $360,000. Root Financial Partners LLC purchased a new position in shares of NRG Energy during the 3rd quarter valued at $74,000. Finally, Arkadios Wealth Advisors grew its position in NRG Energy by 16.7% during the third quarter. Arkadios Wealth Advisors now owns 9,917 shares of the utilities provider’s stock worth $1,606,000 after buying an additional 1,417 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NRG has been the topic of a number of research analyst reports. Morgan Stanley reissued an “underperform” rating on shares of NRG Energy in a report on Thursday, November 20th. Wells Fargo & Company boosted 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. BMO Capital Markets increased their target price on shares of NRG Energy from $185.00 to $195.00 and gave the stock a “market perform” rating in a report on Friday, November 7th. UBS Group assumed coverage on shares of NRG Energy in a report on Tuesday, December 9th. They issued a “buy” rating and a $211.00 price target on the stock. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $198.00 price objective on shares of NRG Energy in a research report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, NRG Energy currently has a consensus rating of “Moderate Buy” and an average price target of $186.45.

NRG Energy Price Performance

Shares of NRG opened at $149.37 on Friday. NRG Energy, Inc. has a twelve month low of $79.57 and a twelve month high of $180.54. The firm has a 50 day moving average of $159.37 and a 200 day moving average of $159.72. The company has a quick ratio of 0.99, a current ratio of 1.05 and a debt-to-equity ratio of 8.45. The company has a market capitalization of $28.63 billion, a P/E ratio of 22.33 and a beta of 1.25.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Thursday, November 6th. The utilities provider reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.85. The firm had revenue of $7.64 billion during the quarter, compared to analyst estimates of $7.53 billion. NRG Energy had a net margin of 4.84% and a return on equity of 103.57%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.90 earnings per share. As a group, equities research analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

NRG Energy declared that its board has initiated a share buyback plan on Thursday, November 6th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the utilities provider to buy up to 9.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, VP Virginia Kinney sold 20,000 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $163.82, for a total value of $3,276,400.00. Following the sale, the vice president directly owned 43,191 shares in the company, valued at approximately $7,075,549.62. The trade was a 31.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bruce Chung sold 12,383 shares of the stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $156.56, for a total transaction of $1,938,682.48. Following the transaction, the chief financial officer owned 79,147 shares of the company’s stock, valued at $12,391,254.32. This trade represents a 13.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 192,556 shares of company stock worth $30,826,846 in the last quarter. 0.86% of the stock is currently owned by insiders.

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.