Deutsche Bank AG Sells 147,213 Shares of NRG Energy, Inc. (NYSE:NRG)

Deutsche Bank AG trimmed its position in NRG Energy, Inc. (NYSE:NRG) by 13.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 979,587 shares of the utilities provider’s stock after selling 147,213 shares during the quarter. Deutsche Bank AG’s holdings in NRG Energy were worth $88,378,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in shares of NRG Energy during the fourth quarter valued at approximately $32,000. UMB Bank n.a. grew its position in NRG Energy by 100.4% in the 4th quarter. UMB Bank n.a. now owns 455 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 228 shares during the period. Mizuho Bank Ltd. bought a new stake in NRG Energy during the 4th quarter valued at $41,000. Princeton Global Asset Management LLC raised its holdings in NRG Energy by 414.9% during the fourth quarter. Princeton Global Asset Management LLC now owns 484 shares of the utilities provider’s stock worth $44,000 after buying an additional 390 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of 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 in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NRG shares. Jefferies Financial Group boosted their target price on shares of NRG Energy from $113.00 to $132.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Evercore ISI raised NRG Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $74.00 to $126.00 in a report on Tuesday, January 21st. Wells Fargo & Company increased their price objective on NRG Energy from $140.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. StockNews.com cut NRG Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Finally, BMO Capital Markets increased their price target on NRG Energy from $100.00 to $115.00 and gave the company a “market perform” rating in a research report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $126.38.

NRG Energy Stock Performance

NRG stock opened at $119.25 on Monday. 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 firm has a market cap of $24.29 billion, a PE ratio of 29.96, a P/E/G ratio of 1.01 and a beta of 1.00. The business has a 50 day moving average of $99.45 and a 200-day moving average of $98.83. NRG Energy, Inc. has a 12-month low of $65.11 and a 12-month high of $124.67.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a $0.44 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.48%. NRG Energy’s dividend payout ratio (DPR) is presently 35.92%.

NRG Energy Profile

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.