Alpine Woods Capital Investors LLC Makes New Investment in NRG Energy, Inc. (NYSE:NRG)

Alpine Woods Capital Investors LLC bought a new position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,863 shares of the utilities provider's stock, valued at approximately $560,000.

Several other large investors have also recently bought and sold shares of the stock. Boston Partners acquired a new position in shares of NRG Energy during the fourth quarter valued at about $94,346,000. Appaloosa LP increased its stake in NRG Energy by 81.5% during the fourth quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider's stock valued at $163,749,000 after acquiring an additional 815,180 shares during the period. Teacher Retirement System of Texas raised its holdings in NRG Energy by 350.4% in the 4th quarter. Teacher Retirement System of Texas now owns 904,265 shares of the utilities provider's stock valued at $81,583,000 after acquiring an additional 703,481 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of NRG Energy by 10,483.2% in the 1st quarter. GAMMA Investing LLC now owns 661,347 shares of the utilities provider's stock worth $63,132,000 after acquiring an additional 655,098 shares during the period. Finally, Leigh Baldwin & CO. LLC acquired a new stake in shares of NRG Energy during the 4th quarter worth approximately $54,881,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NRG Energy

In related news, Director Kevin Howell sold 50,000 shares of the company's stock in a transaction dated 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 transaction, the director owned 55,427 shares in the company, valued at $8,563,471.50. This represents a 47.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.61% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on NRG. BMO Capital Markets reaffirmed a "market perform" rating and issued a $167.00 target price (up from $115.00) on shares of NRG Energy in a research report on Wednesday, May 14th. Guggenheim raised their price objective on shares of NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Jefferies Financial Group upped 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. Raymond James Financial began coverage on shares of NRG Energy in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 price target for the company. Finally, Wells Fargo & Company lifted their price objective on NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, NRG Energy has a consensus rating of "Moderate Buy" and an average target price of $151.80.

NRG Energy Price Performance

NRG Energy stock traded down $0.86 during trading hours on Friday, hitting $150.50. 1,973,624 shares of the stock were exchanged, compared to its average volume of 2,987,358. The stock has a market capitalization of $29.42 billion, a P/E ratio of 24.27, a P/E/G ratio of 1.20 and a beta of 1.13. The business's 50-day moving average is $151.55 and its two-hundred day moving average is $118.13. The company has a debt-to-equity ratio of 4.61, a quick ratio of 1.02 and a current ratio of 1.06. NRG Energy, Inc. has a 12 month low of $65.11 and a 12 month high of $168.57.

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

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.