4,605 Shares in NRG Energy, Inc. (NYSE:NRG) Acquired by Personal CFO Solutions LLC

Personal CFO Solutions LLC bought a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 4,605 shares of the utilities provider's stock, valued at approximately $440,000.

A number of other institutional investors also recently modified their holdings of NRG. SBI Securities Co. Ltd. bought a new stake in NRG Energy during the 4th quarter valued at $32,000. Mizuho Bank Ltd. bought a new stake in NRG Energy during the 4th quarter valued at $41,000. Larson Financial Group LLC increased its stake in 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 purchasing an additional 347 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in 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 purchasing an additional 205 shares in the last quarter. Finally, Park Square Financial Group LLC bought a new stake in NRG Energy during the 4th quarter valued at $53,000. Institutional investors and hedge funds own 97.72% of the company's stock.

NRG Energy Price Performance

Shares of NRG Energy stock traded down $0.86 on Friday, reaching $150.50. The stock had a trading volume of 1,973,624 shares, compared to its average volume of 2,987,358. NRG Energy, Inc. has a 1 year low of $65.11 and a 1 year high of $168.57. The company has a market cap of $29.42 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 1.20 and a beta of 1.13. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 4.61. The business's 50 day moving average is $151.55 and its two-hundred day moving average is $117.96.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $1.90. NRG Energy had a net margin of 4.66% and a return on equity of 73.78%. The firm had revenue of $8.59 billion for the quarter, compared to the consensus estimate of $8.28 billion. During the same period in the prior year, the firm posted $2.31 earnings per share. The company's revenue for the quarter was up 15.6% on a year-over-year basis. As a group, research analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current year.

Wall Street Analyst Weigh In

NRG has been the subject of several recent analyst reports. Jefferies Financial Group upped their target price on shares of NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Wells Fargo & Company upped their target price on shares of NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Wall Street Zen upgraded shares of NRG Energy from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. Raymond James Financial assumed coverage on shares of NRG Energy in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 target price for the company. Finally, Barclays set a $197.00 price target on shares of NRG Energy and gave the stock an "overweight" rating in a report on Thursday, June 26th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $151.80.

Insider Activity

In related news, Director Kevin Howell sold 50,000 shares of the company's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $154.50, for a total value of $7,725,000.00. Following the transaction, the director directly owned 55,427 shares in the company, valued at approximately $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 accessible through the SEC website. Insiders own 0.86% of the company's stock.

NRG Energy Company 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.