Alps Advisors Inc. Purchases 2,093 Shares of NRG Energy, Inc. (NYSE:NRG)

Alps Advisors Inc. boosted its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 28.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,523 shares of the utilities provider's stock after acquiring an additional 2,093 shares during the quarter. Alps Advisors Inc.'s holdings in NRG Energy were worth $909,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NRG. Mizuho Bank Ltd. acquired a new stake in shares of NRG Energy during the 4th quarter valued at about $41,000. CIBC Private Wealth Group LLC lifted its holdings 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. Park Square Financial Group LLC acquired a new stake in shares of NRG Energy during the 4th quarter valued at about $53,000. Huntington National Bank lifted its holdings in shares of NRG Energy by 28.3% during the 4th quarter. Huntington National Bank now owns 662 shares of the utilities provider's stock valued at $60,000 after buying an additional 146 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of NRG Energy by 44.0% during the 1st quarter. UMB Bank n.a. now owns 655 shares of the utilities provider's stock valued at $63,000 after buying an additional 200 shares during the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NRG. Jefferies Financial Group lifted their price target on NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a report on Monday, May 5th. Wall Street Zen raised NRG Energy from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. Citigroup reissued a "buy" rating and issued a $185.00 price objective (up from $133.00) on shares of NRG Energy in a research note on Thursday. BMO Capital Markets reissued a "market perform" rating and issued a $167.00 price objective (up from $115.00) on shares of NRG Energy in a research note on Wednesday, May 14th. Finally, Guggenheim raised their price objective on NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $160.30.

NRG Energy Stock Performance

NYSE NRG traded up $2.53 during trading on Thursday, hitting $147.49. The company's stock had a trading volume of 2,263,014 shares, compared to its average volume of 2,969,771. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 4.61. The firm has a 50 day moving average price of $153.92 and a 200 day moving average price of $119.31. The firm has a market cap of $28.84 billion, a P/E ratio of 23.79, a price-to-earnings-growth ratio of 1.15 and a beta of 1.13. NRG Energy, Inc. has a 52 week low of $65.11 and a 52 week high of $168.57.

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

Insider Buying and Selling

In other news, Director Kevin Howell sold 50,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the sale, the director directly owned 55,427 shares in the company, valued at approximately $8,563,471.50. The trade was a 47.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.86% of the stock is currently owned by corporate insiders.

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.