NRG Energy, Inc. (NYSE:NRG) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 80.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,462 shares of the utilities provider's stock after selling 141,719 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in NRG Energy were worth $3,396,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in NRG Energy during the fourth quarter valued at about $32,000. Mizuho Bank Ltd. purchased a new stake in NRG Energy during the fourth quarter valued at about $41,000. Larson Financial Group LLC grew its position in NRG Energy by 221.0% during the fourth 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 during the period. CIBC Private Wealth Group LLC grew its position in NRG Energy by 64.9% during 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. Finally, Park Square Financial Group LLC purchased a new stake in NRG Energy during the fourth quarter valued at about $53,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 value of $7,725,000.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.86% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NRG shares. Barclays set a $197.00 price target on NRG Energy and gave the company an "overweight" rating in a research report on Thursday, June 26th. Wells Fargo & Company boosted their price target on NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Guggenheim upped their target price on NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. BMO Capital Markets reiterated a "market perform" rating and set a $167.00 target price (up from $115.00) on shares of NRG Energy in a report on Wednesday, May 14th. Finally, The Goldman Sachs Group started coverage on NRG Energy in a report on Friday, April 4th. They issued a "buy" rating and a $129.00 price target for the company. Two research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $151.80.

NRG Energy Stock Up 0.8%

NRG traded up $1.17 on Thursday, reaching $151.44. The company's stock had a trading volume of 2,093,041 shares, compared to its average volume of 2,979,088. The stock has a market cap of $29.61 billion, a price-to-earnings ratio of 24.43, a price-to-earnings-growth 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 company has a debt-to-equity ratio of 4.61, a current ratio of 1.06 and a quick ratio of 1.02. The business's 50 day moving average is $150.13 and its 200 day moving average is $116.98.

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

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.