Boston Partners Invests $94.35 Million in NRG Energy, Inc. (NYSE:NRG)

Boston Partners purchased a new position in NRG Energy, Inc. (NYSE:NRG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,045,189 shares of the utilities provider’s stock, valued at approximately $94,346,000.

Other large investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of NRG Energy in the 4th quarter worth $32,000. UMB Bank n.a. raised its stake in NRG Energy by 100.4% in the fourth quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock valued at $41,000 after buying an additional 228 shares during the last quarter. RPg Family Wealth Advisory LLC purchased a new stake in NRG Energy in the third quarter valued at about $43,000. Princeton Global Asset Management LLC raised its stake in NRG Energy by 414.9% in the fourth quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider’s stock valued at $44,000 after buying an additional 390 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in NRG Energy by 221.0% in the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider’s stock valued at $45,000 after buying an additional 347 shares during the last quarter. 97.72% of the stock is owned by institutional investors.

NRG Energy Trading Down 1.6 %

Shares of NYSE:NRG opened at $94.57 on Wednesday. NRG Energy, Inc. has a 52-week low of $63.84 and a 52-week high of $117.26. The stock has a market cap of $19.26 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 1.01 and a beta of 1.13. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The business has a 50-day moving average price of $102.07 and a 200-day moving average price of $94.70.

NRG Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.86%. This is a positive change from NRG Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, February 3rd. NRG Energy’s dividend payout ratio (DPR) is 35.92%.

Insider Buying and Selling

In other NRG Energy news, VP Robert J. Gaudette sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $91.41, for a total value of $5,484,600.00. Following the sale, the vice president now directly owns 64,448 shares of the company’s stock, valued at approximately $5,891,191.68. This trade represents a 48.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bruce Chung sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $97.63, for a total value of $1,952,600.00. Following the completion of the sale, the chief financial officer now directly owns 69,454 shares in the company, valued at approximately $6,780,794.02. The trade was a 22.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Morgan Stanley increased their price target on NRG Energy from $86.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Wells Fargo & Company increased their price target on NRG Energy from $140.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Guggenheim increased their price target on NRG Energy from $134.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. BMO Capital Markets raised their price objective on NRG Energy from $100.00 to $115.00 and gave the stock a “market perform” rating in a research note on Monday, March 3rd. Finally, Jefferies Financial Group upgraded NRG Energy from a “hold” rating to a “buy” rating and raised their price objective for the stock from $93.00 to $113.00 in a research note on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, NRG Energy currently has an average rating of “Moderate Buy” and an average target price of $123.29.

About NRG Energy

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.