49 Wealth Management LLC bought a new position in NRG Energy, Inc. (NYSE:NRG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,440 shares of the utilities provider's stock, valued at approximately $328,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new stake in shares of NRG Energy during the 4th quarter valued at about $32,000. Mizuho Bank Ltd. bought a new stake in shares of NRG Energy during the 4th quarter valued at about $41,000. Larson Financial Group LLC grew its position in shares of NRG Energy by 221.0% during the 4th 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. CIBC Private Wealth Group LLC grew its position in shares of NRG Energy by 64.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 521 shares of the utilities provider's stock valued at $51,000 after buying an additional 205 shares during the last quarter. Finally, Park Square Financial Group LLC bought a new stake in shares of NRG Energy during the 4th quarter valued at about $53,000. Institutional investors own 97.72% of the company's stock.
Insider Buying and Selling
In related news, Director Kevin Howell sold 50,000 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the completion of the sale, the director directly owned 55,427 shares of the company's stock, valued at $8,563,471.50. This represents a 47.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is currently owned by corporate insiders.
NRG Energy Price Performance
NRG stock traded down $0.86 on Friday, hitting $150.50. 1,973,624 shares of the company's stock traded hands, compared to its average volume of 2,982,892. NRG Energy, Inc. has a 1-year low of $65.11 and a 1-year high of $168.57. The stock has a market cap of $29.42 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 1.20 and a beta of 1.13. The stock has a fifty day moving average of $151.55 and a 200-day moving average of $117.79. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 4.61.
NRG Energy (NYSE:NRG - Get Free Report) last released its earnings results on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, beating the consensus estimate of $0.72 by $1.90. NRG Energy had a net margin of 4.66% and a return on equity of 73.78%. The business had revenue of $8.59 billion during the quarter, compared to analyst estimates of $8.28 billion. During the same period in the prior year, the business earned $2.31 earnings per share. The business's quarterly revenue was up 15.6% on a year-over-year basis. On average, analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
NRG has been the subject of a number of recent research reports. BMO Capital Markets reaffirmed a "market perform" rating and set a $167.00 price objective (up previously from $115.00) on shares of NRG Energy in a research report on Wednesday, May 14th. Raymond James Financial started coverage on shares of NRG Energy in a research report on Friday, June 13th. They set a "strong-buy" rating and a $195.00 price objective for the company. The Goldman Sachs Group started coverage on shares of NRG Energy in a research note on Friday, April 4th. They set a "buy" rating and a $129.00 target price for the company. Barclays set a $197.00 target price on shares of NRG Energy and gave the company an "overweight" rating in a research note on Thursday, June 26th. Finally, Jefferies Financial Group boosted their target price on shares of NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $151.80.
Read Our Latest Report on NRG Energy
NRG Energy Profile
(
Free Report)
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.
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