NRG Energy, Inc. (NYSE:NRG) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 8.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,074,257 shares of the utilities provider's stock after selling 93,319 shares during the period. Los Angeles Capital Management LLC owned 0.53% of NRG Energy worth $102,549,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its stake in NRG Energy by 99.2% during the first quarter. Envestnet Asset Management Inc. now owns 413,911 shares of the utilities provider's stock valued at $39,512,000 after acquiring an additional 206,096 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in shares of NRG Energy by 54.4% in the 1st quarter. Exchange Traded Concepts LLC now owns 6,215 shares of the utilities provider's stock worth $593,000 after buying an additional 2,190 shares in the last quarter. Graham Capital Management L.P. purchased a new position in shares of NRG Energy in the 4th quarter worth $276,000. State of Alaska Department of Revenue grew its stake in shares of NRG Energy by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 23,728 shares of the utilities provider's stock worth $2,265,000 after buying an additional 630 shares in the last quarter. Finally, Townsquare Capital LLC grew 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 worth $472,000 after buying an additional 2,582 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NRG shares. BMO Capital Markets restated a "market perform" rating and issued a $167.00 target price (up previously from $115.00) on shares of NRG Energy in a report on Wednesday, May 14th. Raymond James Financial started coverage on shares of NRG Energy in a report on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 price target for the company. The Goldman Sachs Group started coverage on shares of NRG Energy in a report on Friday, April 4th. They issued a "buy" rating and a $129.00 price target for the company. Wells Fargo & Company boosted their price target on shares of NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Finally, Citigroup restated a "buy" rating and issued a $185.00 price target (up previously from $133.00) on shares of NRG Energy in a report on Thursday. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $160.30.

Insider Activity at NRG Energy

In related news, Director Kevin Howell sold 50,000 shares of NRG Energy stock in a transaction on Friday, May 30th. The shares were 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 trade represents a 47.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.61% of the stock is owned by insiders.

NRG Energy Trading Up 3.1%

NRG stock traded up $4.59 during mid-day trading on Friday, hitting $151.97. 3,408,409 shares of the company were exchanged, compared to its average volume of 2,970,347. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 4.61. The firm has a market capitalization of $29.71 billion, a P/E ratio of 24.51, a PEG ratio of 1.27 and a beta of 1.13. The business has a fifty day simple moving average of $154.57 and a 200-day simple moving average of $119.94. NRG Energy, Inc. has a 12-month low of $65.11 and a 12-month high of $168.57.

NRG Energy (NYSE:NRG - Get Free Report) last issued 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. NRG Energy had a net margin of 4.66% and a return on equity of 73.78%. The firm had revenue of $8.59 billion for the quarter, compared to analysts' expectations of $8.28 billion. During the same quarter last year, the company earned $2.31 earnings per share. The firm's revenue was up 15.6% compared to the same quarter last year. On average, equities research analysts predict that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

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.