Hourglass Capital LLC Grows Holdings in NRG Energy, Inc. (NYSE:NRG)

Hourglass Capital LLC raised its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 9.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,100 shares of the utilities provider's stock after acquiring an additional 5,500 shares during the period. NRG Energy makes up 1.6% of Hourglass Capital LLC's holdings, making the stock its 26th biggest holding. Hourglass Capital LLC's holdings in NRG Energy were worth $6,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new position in NRG Energy in the fourth quarter worth approximately $32,000. Mizuho Bank Ltd. purchased a new stake in shares of NRG Energy during the 4th quarter worth approximately $41,000. Larson Financial Group LLC lifted its position in shares of NRG Energy by 221.0% during the 4th quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock worth $45,000 after buying an additional 347 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of NRG Energy by 64.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 521 shares of the utilities provider's stock worth $51,000 after buying an additional 205 shares during the last quarter. Finally, Park Square Financial Group LLC acquired a new position in shares of NRG Energy in the 4th quarter valued at $53,000. Hedge funds and other institutional investors own 97.72% of the company's stock.

Analyst Upgrades and Downgrades

NRG has been the topic of a number of recent research reports. Raymond James Financial initiated coverage on shares of NRG Energy in a report on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of NRG Energy in a report on Friday, April 4th. They issued a "buy" rating and a $129.00 target price on the stock. Jefferies Financial Group boosted their price objective on shares of NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Barclays set a $197.00 price objective on shares of NRG Energy and gave the company an "overweight" rating in a research note on Thursday, June 26th. Finally, BMO Capital Markets reissued a "market perform" rating and issued a $167.00 price objective (up from $115.00) on shares of NRG Energy in a research note on Wednesday, May 14th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $151.80.

NRG Energy Price Performance

Shares of NYSE NRG traded up $1.17 during trading on Thursday, hitting $151.44. 2,093,041 shares of the company were exchanged, compared to its average volume of 2,979,088. The company has a market cap of $29.61 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 1.20 and a beta of 1.13. NRG Energy, Inc. has a 1 year low of $65.11 and a 1 year high of $168.57. The firm's fifty day moving average price is $150.13 and its 200 day moving average price is $116.98. The company has a debt-to-equity ratio of 4.61, a current ratio of 1.06 and a quick ratio of 1.02.

NRG Energy (NYSE:NRG - Get Free Report) last issued its 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. NRG Energy had a net margin of 4.66% and a return on equity of 73.78%. The company had revenue of $8.59 billion for the quarter, compared to analyst estimates of $8.28 billion. During the same period in the previous year, the firm earned $2.31 EPS. The business's revenue was up 15.6% on a year-over-year basis. On average, sell-side analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

Insider Transactions at NRG Energy

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of the company'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 transaction, the director directly owned 55,427 shares in the company, valued at approximately $8,563,471.50. This represents a 47.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.86% of the company's stock.

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.