Crossmark Global Holdings Inc. Has $3.53 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Crossmark Global Holdings Inc. lifted its holdings in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 33.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,949 shares of the utilities provider's stock after purchasing an additional 9,349 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in NRG Energy were worth $3,527,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of NRG. SBI Securities Co. Ltd. acquired a new stake in NRG Energy in the 4th quarter valued at approximately $32,000. Mizuho Bank Ltd. bought a new stake in NRG Energy in the 4th quarter valued at approximately $41,000. Larson Financial Group LLC lifted its stake in NRG Energy by 221.0% in the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock valued at $45,000 after acquiring an additional 347 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in NRG Energy by 64.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 521 shares of the utilities provider's stock valued at $51,000 after acquiring an additional 205 shares in the last quarter. Finally, Park Square Financial Group LLC bought a new stake in NRG Energy in the 4th quarter valued at approximately $53,000. Institutional investors and hedge funds own 97.72% of the company's stock.

NRG Energy Stock Performance

Shares of NRG stock traded up $1.17 during trading on Thursday, reaching $151.44. 2,101,741 shares of the company's stock were exchanged, compared to its average volume of 2,984,102. 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 stock has a market capitalization of $29.61 billion, a PE ratio of 24.43, a PEG ratio of 1.19 and a beta of 1.13. NRG Energy, Inc. has a twelve month low of $65.11 and a twelve month high of $168.57. The firm's fifty day moving average price is $150.87 and its 200-day moving average price is $117.39.

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

Insider Buying and Selling at NRG Energy

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of the company's stock in a transaction on 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 transaction, the director directly owned 55,427 shares of the company's stock, valued at $8,563,471.50. This represents a 47.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.86% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Guggenheim boosted their target price on NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Jefferies Financial Group boosted their target price on NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Raymond James Financial assumed coverage on NRG Energy in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 target price on the stock. Barclays set a $197.00 target price on NRG Energy and gave the company an "overweight" rating in a research note on Thursday, June 26th. Finally, Wall Street Zen raised NRG Energy from a "hold" rating to a "buy" rating in a research report on Friday, June 27th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, NRG Energy currently has an average rating of "Moderate Buy" and a consensus target price of $151.80.

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.