Danske Bank A S Purchases 25,968 Shares of NRG Energy, Inc. $NRG

Danske Bank A S lifted its position in NRG Energy, Inc. (NYSE:NRG) by 33.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 103,214 shares of the utilities provider’s stock after buying an additional 25,968 shares during the quarter. Danske Bank A S’s holdings in NRG Energy were worth $16,436,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in NRG. Quent Capital LLC bought a new stake in NRG Energy during the third quarter worth approximately $25,000. Atlantic Union Bankshares Corp boosted its position in NRG Energy by 90.4% during 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 period. BOKF NA boosted its position in NRG Energy by 3,714.3% during 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 period. Beaird Harris Wealth Management LLC boosted its position in NRG Energy by 1,970.6% during 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 period. Finally, First Horizon Corp bought a new stake in NRG Energy during the third quarter worth approximately $67,000. Institutional investors own 97.72% of the company’s stock.

NRG Energy Stock Down 0.1%

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

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

NRG Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NRG shares. Raymond James Financial set a $210.00 target price on NRG Energy in a research report on Monday, April 27th. Barclays decreased their target price on NRG Energy from $203.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Wolfe Research raised NRG Energy from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a research report on Wednesday, March 18th. Wells Fargo & Company upped their target price on NRG Energy from $202.00 to $206.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Finally, The Goldman Sachs Group started coverage on NRG Energy in a research report on Friday, March 6th. They set a “buy” rating and a $197.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $197.57.

Insider Activity at NRG Energy

In other news, VP Virginia Kinney sold 5,000 shares of the company’s 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 completion of the transaction, the vice president directly owned 55,495 shares in the company, valued at $8,693,291.75. The trade was a 8.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.43% of the stock is currently owned by company insiders.

NRG Energy 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.