7,858 Shares in NRG Energy, Inc. (NYSE:NRG) Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC acquired a new position in NRG Energy, Inc. (NYSE:NRG - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,858 shares of the utilities provider's stock, valued at approximately $750,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NRG. Exchange Traded Concepts LLC boosted its stake in NRG Energy by 54.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 6,215 shares of the utilities provider's stock valued at $593,000 after purchasing an additional 2,190 shares in the last quarter. Graham Capital Management L.P. bought a new position in NRG Energy during the 4th quarter valued at $276,000. State of Alaska Department of Revenue boosted its stake in NRG Energy by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 23,728 shares of the utilities provider's stock valued at $2,265,000 after purchasing an additional 630 shares in the last quarter. Townsquare Capital LLC boosted its stake in NRG Energy by 97.4% during the 4th quarter. Townsquare Capital LLC now owns 5,233 shares of the utilities provider's stock valued at $472,000 after purchasing an additional 2,582 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in NRG Energy by 28.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 16,815 shares of the utilities provider's stock valued at $1,605,000 after purchasing an additional 3,721 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

NRG Energy Stock Down 0.6%

Shares of NRG traded down $0.86 during mid-day trading on Friday, reaching $150.50. The company's stock had a trading volume of 1,973,624 shares, compared to its average volume of 2,987,358. The business has a fifty day moving average of $151.55 and a 200 day moving average of $117.96. The company has a market cap of $29.42 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 1.20 and a beta of 1.13. NRG Energy, Inc. has a 1 year low of $65.11 and a 1 year high of $168.57. The company has a quick ratio of 1.02, a current ratio of 1.06 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $1.90. The company had revenue of $8.59 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the company earned $2.31 earnings per share. As a group, analysts forecast that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Kevin Howell sold 50,000 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $154.50, for a total value of $7,725,000.00. Following the completion of the sale, the director owned 55,427 shares in the company, 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 this link. 0.86% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays set a $197.00 price objective on NRG Energy and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Wall Street Zen raised NRG Energy from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. The Goldman Sachs Group assumed coverage on NRG Energy in a research note on Friday, April 4th. They set a "buy" rating and a $129.00 price objective for the company. BMO Capital Markets reissued a "market perform" rating and set 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 stock a "buy" rating in a research note on Tuesday, May 13th. Two research 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 MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $151.80.

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.