Hussman Strategic Advisors Inc. Has $1.70 Million Stock Position in NRG Energy, Inc. (NYSE:NRG)

Hussman Strategic Advisors Inc. lowered its stake in NRG Energy, Inc. (NYSE:NRG - Free Report) by 67.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 17,800 shares of the utilities provider's stock after selling 36,200 shares during the period. Hussman Strategic Advisors Inc.'s holdings in NRG Energy were worth $1,699,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Northern Trust Corp grew its position in NRG Energy by 16.1% in the 4th quarter. Northern Trust Corp now owns 2,282,672 shares of the utilities provider's stock worth $205,943,000 after purchasing an additional 316,445 shares during the last quarter. Russell Investments Group Ltd. grew its position in NRG Energy by 4.2% in the 4th quarter. Russell Investments Group Ltd. now owns 1,414,186 shares of the utilities provider's stock worth $127,614,000 after purchasing an additional 56,944 shares during the last quarter. Prudential Financial Inc. grew its position in NRG Energy by 3.1% in the 4th quarter. Prudential Financial Inc. now owns 1,374,245 shares of the utilities provider's stock worth $123,984,000 after purchasing an additional 41,094 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in NRG Energy by 17.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,223,591 shares of the utilities provider's stock worth $110,392,000 after purchasing an additional 182,438 shares during the last quarter. Finally, Bridgewater Associates LP grew its position in NRG Energy by 47.3% in the 4th quarter. Bridgewater Associates LP now owns 1,185,365 shares of the utilities provider's stock worth $106,944,000 after purchasing an additional 380,564 shares during the last quarter. Institutional investors own 97.72% of the company's stock.

NRG Energy Trading Up 3.1%

Shares of NYSE:NRG traded up $4.59 during mid-day trading on Friday, hitting $151.97. The stock had a trading volume of 3,408,409 shares, compared to its average volume of 2,972,289. The company has a debt-to-equity ratio of 4.61, a quick ratio of 1.02 and a current ratio of 1.06. The company has a market cap of $29.71 billion, a PE ratio of 24.51, a P/E/G ratio of 1.17 and a beta of 1.13. NRG Energy, Inc. has a 12-month low of $65.11 and a 12-month high of $168.57. The company's 50 day moving average is $154.57 and its 200-day moving average is $119.73.

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

Insiders Place Their Bets

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of the company's stock in a transaction that occurred on 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 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.86% of the company's stock.

Wall Street Analysts Forecast Growth

NRG has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price target on shares of NRG Energy from $165.00 to $200.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Citigroup reaffirmed a "buy" rating and issued a $185.00 price target (up from $133.00) on shares of NRG Energy in a research note on Thursday. Barclays set a $197.00 price target on shares of NRG Energy and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Wall Street Zen raised shares of NRG Energy from a "buy" rating to a "strong-buy" rating in a research note on Friday. Finally, Raymond James Financial initiated coverage on shares of NRG Energy in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 price target for the company. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $160.30.

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.