Penserra Capital Management LLC Increases Stock Position in NRG Energy, Inc. (NYSE:NRG)

Penserra Capital Management LLC grew its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 1,481.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,127 shares of the utilities provider's stock after acquiring an additional 7,613 shares during the period. Penserra Capital Management LLC's holdings in NRG Energy were worth $775,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in shares of NRG Energy in the 4th quarter valued at $32,000. Exchange Traded Concepts LLC boosted its holdings in NRG Energy by 54.4% during the first quarter. Exchange Traded Concepts LLC now owns 6,215 shares of the utilities provider's stock worth $593,000 after buying an additional 2,190 shares in the last quarter. Graham Capital Management L.P. purchased a new stake in NRG Energy during the fourth quarter worth $276,000. State of Alaska Department of Revenue boosted its holdings in NRG Energy by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 23,728 shares of the utilities provider's stock worth $2,265,000 after buying an additional 630 shares in the last quarter. Finally, Townsquare Capital LLC boosted its holdings in NRG Energy by 97.4% during the fourth quarter. Townsquare Capital LLC now owns 5,233 shares of the utilities provider's stock worth $472,000 after buying an additional 2,582 shares in the last quarter. 97.72% of the stock is owned by hedge funds and other institutional investors.

NRG Energy Price Performance

Shares of NYSE NRG traded down $0.86 during mid-day trading on Friday, reaching $150.50. The company's stock had a trading volume of 1,973,624 shares, compared to its average volume of 2,987,358. The stock has a 50-day moving average of $151.55 and a two-hundred day moving average of $117.96. The stock has a market capitalization of $29.42 billion, a P/E ratio of 24.27, a P/E/G 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, Inc. has a 1-year low of $65.11 and a 1-year high of $168.57.

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 (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 firm had revenue of $8.59 billion during the quarter, compared to analysts' expectations of $8.28 billion. During the same period last year, the business earned $2.31 earnings per share. NRG Energy's revenue was up 15.6% compared to the same quarter last year. On average, equities research analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on NRG shares. Wall Street Zen raised shares of NRG Energy from a "hold" rating to a "buy" rating in a report on Friday, June 27th. The Goldman Sachs Group assumed coverage on shares of NRG Energy in a report on Friday, April 4th. They set a "buy" rating and a $129.00 price target on the stock. Raymond James Financial assumed coverage on shares of NRG Energy in a research report on Friday, June 13th. They set a "strong-buy" rating and a $195.00 price objective for the company. 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. Finally, Jefferies Financial Group upped their price objective on shares of NRG Energy from $113.00 to $132.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Two equities research 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of $151.80.

Insider Transactions at NRG Energy

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