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

Hourglass Capital LLC grew its stake in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 9.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 64,100 shares of the utilities provider's stock after buying an additional 5,500 shares during the quarter. 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 SEC.

Several other institutional investors also recently modified their holdings of NRG. SBI Securities Co. Ltd. bought a new stake in NRG Energy during the 4th quarter worth approximately $32,000. Mizuho Bank Ltd. acquired a new position in shares of NRG Energy during the fourth quarter worth $41,000. Larson Financial Group LLC grew its stake in shares of NRG Energy by 221.0% in the fourth quarter. Larson Financial Group LLC now owns 504 shares of the utilities provider's stock worth $45,000 after purchasing an additional 347 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in NRG Energy by 64.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 521 shares of the utilities provider's stock valued at $51,000 after purchasing an additional 205 shares during the period. Finally, Park Square Financial Group LLC bought a new position in NRG Energy during the 4th quarter worth $53,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

NRG Energy Stock Down 0.6%

NRG Energy stock traded down $0.86 during midday trading on Friday, reaching $150.50. The stock had a trading volume of 1,973,624 shares, compared to its average volume of 2,982,892. The company has a fifty day moving average price of $151.55 and a two-hundred day moving average price of $117.79. NRG Energy, Inc. has a 12 month low of $65.11 and a 12 month 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 has a market capitalization of $29.42 billion, a P/E ratio of 24.27, a PEG ratio of 1.20 and a beta of 1.13.

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, topping analysts' consensus estimates of $0.72 by $1.90. NRG Energy had a return on equity of 73.78% and a net margin of 4.66%. 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 prior year, the firm earned $2.31 earnings per share. NRG Energy's revenue for the quarter was up 15.6% on a year-over-year basis. As a group, equities analysts expect that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Kevin Howell sold 50,000 shares of NRG Energy stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.86% of the company's stock.

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.