DekaBank Deutsche Girozentrale Boosts Stock Position in NRG Energy, Inc. (NYSE:NRG)

DekaBank Deutsche Girozentrale lifted its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 90.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,134 shares of the utilities provider's stock after buying an additional 28,616 shares during the period. DekaBank Deutsche Girozentrale's holdings in NRG Energy were worth $5,618,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Mather Group LLC. boosted its position in shares of NRG Energy by 12.1% during the first quarter. Mather Group LLC. now owns 900 shares of the utilities provider's stock valued at $86,000 after buying an additional 97 shares during the last quarter. Private Trust Co. NA boosted its position in shares of NRG Energy by 8.7% during the first quarter. Private Trust Co. NA now owns 1,482 shares of the utilities provider's stock valued at $141,000 after buying an additional 119 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in NRG Energy by 4.8% in the first quarter. Stratos Wealth Partners LTD. now owns 2,836 shares of the utilities provider's stock worth $271,000 after purchasing an additional 129 shares during the last quarter. Independent Advisor Alliance boosted its position in NRG Energy by 5.9% in the fourth quarter. Independent Advisor Alliance now owns 2,619 shares of the utilities provider's stock worth $236,000 after purchasing an additional 146 shares during the last quarter. Finally, Huntington National Bank boosted its position in NRG Energy by 28.3% in the fourth quarter. Huntington National Bank now owns 662 shares of the utilities provider's stock worth $60,000 after purchasing an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 97.72% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Wall Street Zen raised NRG Energy from a "hold" rating to a "buy" rating in a research report on Friday, June 27th. Jefferies Financial Group boosted their price objective on NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Raymond James Financial assumed coverage on NRG Energy in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 price objective on the stock. Barclays set a $197.00 price objective on NRG Energy and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Finally, Wells Fargo & Company boosted their target price on NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $151.80.

NRG Energy Stock Performance

Shares of NYSE:NRG traded down $0.86 during midday trading on Friday, reaching $150.50. 1,973,624 shares of the company traded hands, compared to its average volume of 2,987,358. 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, Inc. has a 12 month low of $65.11 and a 12 month high of $168.57. The firm has a market capitalization 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. The firm's fifty day moving average price is $151.55 and its two-hundred day moving average price is $118.13.

NRG Energy (NYSE:NRG - Get Free Report) last released its quarterly earnings data 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. NRG Energy had a return on equity of 73.78% and a net margin of 4.66%. The company had revenue of $8.59 billion for the quarter, compared to analyst estimates of $8.28 billion. During the same period in the previous year, the company posted $2.31 EPS. The firm's revenue for the quarter was up 15.6% compared to the same quarter last year. On average, equities analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

Insider Activity

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of the company's stock in a transaction dated 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 transaction, the director directly 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.61% 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.