Financial Counselors Inc. purchased a new position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,064 shares of the utilities provider's stock, valued at approximately $292,000.
Several other institutional investors have also added to or reduced their stakes in NRG. Boston Partners acquired a new stake in shares of NRG Energy during the fourth quarter worth $94,346,000. Appaloosa LP raised its stake in NRG Energy by 81.5% in the 4th quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider's stock worth $163,749,000 after purchasing an additional 815,180 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in NRG Energy by 350.4% in the 4th quarter. Teacher Retirement System of Texas now owns 904,265 shares of the utilities provider's stock valued at $81,583,000 after purchasing an additional 703,481 shares during the period. GAMMA Investing LLC grew its position in shares of NRG Energy by 10,483.2% during the 1st quarter. GAMMA Investing LLC now owns 661,347 shares of the utilities provider's stock worth $63,132,000 after purchasing an additional 655,098 shares in the last quarter. Finally, Leigh Baldwin & CO. LLC bought a new position in shares of NRG Energy during the fourth quarter worth approximately $54,881,000. 97.72% of the stock is currently owned by institutional investors.
Insider Buying and Selling at NRG Energy
In related news, Director Kevin Howell sold 50,000 shares of the business's stock in a transaction 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 owned 55,427 shares in the company, valued at $8,563,471.50. The trade was a 47.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.61% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on NRG shares. Barclays set a $197.00 price target on NRG Energy and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Jefferies Financial Group upped their target price on NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Guggenheim raised their price target on NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Wells Fargo & Company boosted their price target on NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Finally, Raymond James Financial started coverage on shares of NRG Energy in a research note on Friday, June 13th. They set a "strong-buy" rating and a $195.00 price objective on the stock. Two investment 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. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $151.80.
Get Our Latest Stock Report on NRG Energy
NRG Energy Price Performance
NYSE NRG traded down $0.86 during trading on Friday, hitting $150.50. 1,973,624 shares of the company's stock were exchanged, compared to its average volume of 2,987,358. The stock's 50 day moving average price is $151.55 and its two-hundred day moving average price is $118.13. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $168.57. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 4.61. The company has a market cap of $29.42 billion, a PE ratio of 24.27, a P/E/G ratio of 1.20 and a beta of 1.13.
NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, beating the consensus estimate of $0.72 by $1.90. The business had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $8.28 billion. NRG Energy had a net margin of 4.66% and a return on equity of 73.78%. The firm's revenue was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.31 EPS. Research analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current year.
About NRG Energy
(
Free Report)
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.
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