Schechter Investment Advisors LLC increased its position in shares of NRG Energy, Inc. (NYSE:NRG - Free Report) by 11.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,812 shares of the utilities provider's stock after purchasing an additional 1,896 shares during the quarter. Schechter Investment Advisors LLC's holdings in NRG Energy were worth $1,700,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of NRG. Mizuho Bank Ltd. acquired a new position in NRG Energy in the fourth quarter valued at approximately $41,000. CIBC Private Wealth Group LLC lifted 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 acquiring an additional 205 shares during the period. Park Square Financial Group LLC acquired a new position in NRG Energy in the fourth quarter valued at approximately $53,000. UMB Bank n.a. lifted its holdings in NRG Energy by 44.0% in the first quarter. UMB Bank n.a. now owns 655 shares of the utilities provider's stock valued at $63,000 after acquiring an additional 200 shares during the period. Finally, Huntington National Bank lifted its holdings in NRG Energy by 28.3% in the fourth quarter. Huntington National Bank now owns 662 shares of the utilities provider's stock valued at $60,000 after acquiring an additional 146 shares during the period. Institutional investors and hedge funds own 97.72% of the company's stock.
Insider Activity at NRG Energy
In related news, Director Kevin Howell sold 50,000 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the transaction, the director owned 55,427 shares of the company's stock, valued at approximately $8,563,471.50. This represents a 47.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is currently owned by company insiders.
NRG Energy Stock Performance
NYSE NRG opened at $150.50 on Monday. NRG Energy, Inc. has a fifty-two week low of $65.11 and a fifty-two week high of $168.57. The stock's fifty day moving average is $151.55 and its two-hundred day moving average is $118.13. The firm has a market capitalization 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. The company has a debt-to-equity ratio of 4.61, a quick ratio of 1.02 and a current ratio of 1.06.
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, beating the consensus estimate of $0.72 by $1.90. NRG Energy had a return on equity of 73.78% and a net margin of 4.66%. The business had revenue of $8.59 billion for the quarter, compared to analyst estimates of $8.28 billion. During the same quarter in the prior year, the company posted $2.31 EPS. The company's quarterly revenue was up 15.6% on a year-over-year basis. On average, research analysts anticipate that NRG Energy, Inc. will post 6.36 earnings per share for the current year.
Analyst Upgrades and Downgrades
NRG has been the subject of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on NRG Energy in a research report on Friday, April 4th. They issued a "buy" rating and a $129.00 price objective for the company. Guggenheim boosted their price objective on NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Wells Fargo & Company boosted their price objective on NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Jefferies Financial Group boosted their price objective on NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Finally, BMO Capital Markets reiterated a "market perform" rating and set a $167.00 price target (up from $115.00) on shares of NRG Energy in a research report on Wednesday, May 14th. Two investment 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 company's stock. According to MarketBeat.com, NRG Energy has an average rating of "Moderate Buy" and an average price target of $151.80.
Check Out Our Latest Report on NRG Energy
NRG Energy Company Profile
(
Free Report)
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.
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