Diversify Wealth Management LLC Raises Stock Position in NRG Energy, Inc. (NYSE:NRG)

Diversify Wealth Management LLC grew its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 30.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,802 shares of the utilities provider's stock after purchasing an additional 7,515 shares during the period. Diversify Wealth Management LLC's holdings in NRG Energy were worth $3,036,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of NRG. Northern Trust Corp grew its stake in NRG Energy by 16.1% during the fourth quarter. Northern Trust Corp now owns 2,282,672 shares of the utilities provider's stock valued at $205,943,000 after acquiring an additional 316,445 shares in the last quarter. Russell Investments Group Ltd. grew its stake in NRG Energy by 4.2% during the fourth quarter. Russell Investments Group Ltd. now owns 1,414,186 shares of the utilities provider's stock valued at $127,614,000 after acquiring an additional 56,944 shares in the last quarter. Prudential Financial Inc. grew its stake in NRG Energy by 3.1% during the fourth quarter. Prudential Financial Inc. now owns 1,374,245 shares of the utilities provider's stock valued at $123,984,000 after acquiring an additional 41,094 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in NRG Energy by 17.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,223,591 shares of the utilities provider's stock valued at $110,392,000 after acquiring an additional 182,438 shares in the last quarter. Finally, Bridgewater Associates LP grew its stake in NRG Energy by 47.3% during the fourth quarter. Bridgewater Associates LP now owns 1,185,365 shares of the utilities provider's stock valued at $106,944,000 after acquiring an additional 380,564 shares in the last quarter. Institutional investors own 97.72% of the company's stock.

NRG Energy Trading Down 0.6%

NYSE:NRG traded down $0.86 during midday trading on Friday, reaching $150.50. 1,973,624 shares of the stock traded hands, compared to its average volume of 2,987,358. The company has a fifty day moving average of $151.55 and a 200 day moving average of $117.96. NRG Energy, Inc. has a 12 month low of $65.11 and a 12 month high of $168.57. The company has a debt-to-equity ratio of 4.61, a quick ratio of 1.02 and a current ratio of 1.06. The stock has a market capitalization of $29.42 billion, a P/E ratio of 24.27, a PEG ratio of 1.20 and a beta of 1.13.

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NRG shares. Jefferies Financial Group boosted their price objective 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. Wall Street Zen raised shares of NRG Energy from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. Barclays set a $197.00 price target on shares of NRG Energy and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Guggenheim boosted their price target on shares of NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Finally, BMO Capital Markets reissued a "market perform" rating and issued a $167.00 price target (up previously from $115.00) on shares of NRG Energy in a research note on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, NRG Energy has a consensus rating of "Moderate Buy" and an average target price of $151.80.

Insider Buying and Selling

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of the business's stock in a transaction on 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 directly owned 55,427 shares of the company's stock, valued at approximately $8,563,471.50. The trade was a 47.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.86% of the stock is owned by corporate insiders.

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.