CX Institutional Acquires New Stake in NRG Energy, Inc. (NYSE:NRG)

CX Institutional purchased a new stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,724 shares of the utilities provider's stock, valued at approximately $165,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in NRG Energy during the first quarter valued at $1,345,000. GAMMA Investing LLC raised its position in shares of NRG Energy by 10.9% during the 1st quarter. GAMMA Investing LLC now owns 6,928 shares of the utilities provider's stock worth $661,000 after purchasing an additional 679 shares during the last quarter. Tounjian Advisory Partners LLC purchased a new position in NRG Energy in the 1st quarter valued at about $1,078,000. Farther Finance Advisors LLC boosted its holdings in NRG Energy by 114.4% in the 1st quarter. Farther Finance Advisors LLC now owns 3,952 shares of the utilities provider's stock worth $389,000 after buying an additional 2,109 shares during the last quarter. Finally, Park Avenue Securities LLC increased its stake in NRG Energy by 83.7% during the 1st quarter. Park Avenue Securities LLC now owns 11,753 shares of the utilities provider's stock worth $1,122,000 after buying an additional 5,355 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

NRG Energy Trading Down 1.3%

Shares of NRG stock traded down $2.05 on Tuesday, hitting $151.89. 2,532,034 shares of the stock traded hands, compared to its average volume of 2,987,883. 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 twelve month low of $65.11 and a twelve month high of $162.33. The firm's 50-day moving average price is $131.40 and its two-hundred day moving average price is $110.14. The stock has a market capitalization of $29.70 billion, a PE ratio of 20.61, a PEG ratio of 1.30 and a beta of 1.13.

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

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a $0.44 dividend. The ex-dividend date was Thursday, May 1st. This represents a $1.76 annualized dividend and a yield of 1.16%. NRG Energy's payout ratio is 28.39%.

Analyst Upgrades and Downgrades

NRG has been the topic of several research reports. The Goldman Sachs Group assumed coverage on NRG Energy in a research report on Friday, April 4th. They issued a "buy" rating and a $129.00 target price on the stock. BMO Capital Markets restated a "market perform" rating and issued a $167.00 price objective (up previously from $115.00) on shares of NRG Energy in a report on Wednesday, May 14th. Morgan Stanley upped their target price on shares of NRG Energy from $86.00 to $99.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. Jefferies Financial Group raised their price target 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. Finally, Wall Street Zen lowered shares of NRG Energy from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, NRG Energy currently has an average rating of "Moderate Buy" and an average price target of $146.78.

Insiders Place Their Bets

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of the 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 completion of the transaction, the director now owns 55,427 shares of the company's stock, valued at $8,563,471.50. This trade represents a 47.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.61% of the stock is owned by 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.