Nisa Investment Advisors LLC Sells 25,491 Shares of NRG Energy, Inc. (NYSE:NRG)

Nisa Investment Advisors LLC decreased its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 23.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,154 shares of the utilities provider's stock after selling 25,491 shares during the quarter. Nisa Investment Advisors LLC's holdings in NRG Energy were worth $8,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in NRG Energy in the fourth quarter valued at $32,000. Exchange Traded Concepts LLC lifted its holdings in NRG Energy by 54.4% in the first 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 during the period. Graham Capital Management L.P. purchased a new stake in NRG Energy in the fourth quarter worth about $276,000. State of Alaska Department of Revenue lifted its holdings in NRG Energy by 2.7% in the first 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 during the period. Finally, Townsquare Capital LLC lifted its holdings in NRG Energy by 97.4% in the fourth 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 during the period. Institutional investors own 97.72% of the company's stock.

Insider Buying and Selling at NRG Energy

In other news, Director Kevin Howell sold 50,000 shares of the business's stock in a transaction dated 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 sale, the director directly owned 55,427 shares in the company, valued at $8,563,471.50. The trade was a 47.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.86% of the stock is currently owned by company insiders.

NRG Energy Price Performance

Shares of NRG traded down $0.86 during trading hours 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 market cap of $29.42 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 1.20 and a beta of 1.13. NRG Energy, Inc. has a 52-week low of $65.11 and a 52-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's 50-day moving average price is $151.55 and its two-hundred day moving average price is $117.96.

NRG Energy (NYSE:NRG - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, topping the consensus estimate of $0.72 by $1.90. The business had revenue of $8.59 billion for the quarter, compared to analysts' expectations of $8.28 billion. NRG Energy had a net margin of 4.66% and a return on equity of 73.78%. The business's quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.31 EPS. On average, analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

Analysts Set New Price Targets

NRG has been the subject of several recent research reports. Raymond James Financial initiated coverage on shares of NRG Energy in a report on Friday, June 13th. They set a "strong-buy" rating and a $195.00 target price for the company. BMO Capital Markets reaffirmed a "market perform" rating and issued a $167.00 target price (up previously from $115.00) on shares of NRG Energy in a research report on Wednesday, May 14th. Guggenheim lifted their target price on shares of 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 lifted their price target on shares of NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Finally, The Goldman Sachs Group started coverage on shares of NRG Energy in a research note on Friday, April 4th. They set a "buy" rating and a $129.00 price target on the stock. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, NRG Energy presently has an average rating of "Moderate Buy" and an average target price of $151.80.

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.