Fox Run Management L.L.C. Has $552,000 Stake in NRG Energy, Inc. $NRG

Key Points

• Fox Run Management L.L.C. reduced its stake in NRG Energy by 24.5%, selling 1,880 shares in the 1st quarter, bringing its total holdings to 5,786 shares worth approximately $552,000.
• Significant investor activity includes Kovitz Investment Group increasing its holdings by 664.8% and Boston Partners raising its stake by 169.5% during the same period.
• NRG Energy reported earnings of $1.68 per share, missing estimates, but had revenue growth of 1.2% year-over-year, totaling $6.74 billion for the quarter.

Fox Run Management L.L.C. decreased its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 24.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,786 shares of the utilities provider's stock after selling 1,880 shares during the period. Fox Run Management L.L.C.'s holdings in NRG Energy were worth $552,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NRG. Brighton Jones LLC raised its stake in shares of NRG Energy by 41.8% during the fourth quarter. Brighton Jones LLC now owns 5,187 shares of the utilities provider's stock worth $468,000 after buying an additional 1,528 shares during the last quarter. Townsquare Capital LLC lifted its stake in shares of NRG Energy by 97.4% in 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 during the period. Mariner LLC boosted its position in shares of NRG Energy by 17.4% in the 4th quarter. Mariner LLC now owns 26,610 shares of the utilities provider's stock worth $2,401,000 after purchasing an additional 3,948 shares during the last quarter. CreativeOne Wealth LLC acquired a new stake in shares of NRG Energy during the fourth quarter worth $310,000. Finally, Jump Financial LLC increased its holdings in NRG Energy by 18.8% in the fourth quarter. Jump Financial LLC now owns 6,734 shares of the utilities provider's stock valued at $608,000 after purchasing an additional 1,064 shares during the last quarter. 97.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NRG has been the subject of several analyst reports. Wall Street Zen lowered NRG Energy from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Guggenheim lifted their price objective 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. Wells Fargo & Company upped their target price on shares of NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Raymond James Financial started coverage on shares of NRG Energy in a research report on Friday, June 13th. They set a "strong-buy" rating and a $195.00 price target on the stock. Finally, Jefferies Financial Group lifted their target price on NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a report on Monday, May 5th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $186.92.

Insider Buying and Selling

In other news, Director Kevin Howell sold 50,000 shares of the firm'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 completion of the transaction, the director owned 55,427 shares in the company, valued at $8,563,471.50. This trade represents a 47.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is owned by company insiders.

NRG Energy Stock Down 0.5%

Shares of NRG Energy stock traded down $0.7170 during trading on Friday, reaching $145.1730. The stock had a trading volume of 1,297,950 shares, compared to its average volume of 3,200,776. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 5.99. The company has a market capitalization of $28.08 billion, a price-to-earnings ratio of 65.69, a P/E/G ratio of 1.21 and a beta of 1.14. The stock has a fifty day moving average price of $155.07 and a two-hundred day moving average price of $128.82. NRG Energy, Inc. has a 52 week low of $76.13 and a 52 week high of $175.96.

NRG Energy (NYSE:NRG - Get Free Report) last announced its earnings results on Wednesday, August 6th. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.72 by ($0.04). NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The firm had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.63 billion. During the same period in the prior year, the business posted $3.37 EPS. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. Sell-side analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, August 1st. NRG Energy's payout ratio is presently 79.64%.

About NRG Energy

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.