SeaBridge Investment Advisors LLC Invests $233,000 in NRG Energy, Inc. (NYSE:NRG)

SeaBridge Investment Advisors LLC acquired a new position in NRG Energy, Inc. (NYSE:NRG - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,437 shares of the utilities provider's stock, valued at approximately $233,000.

Other large investors have also modified their holdings of the company. Envestnet Asset Management Inc. increased its holdings in shares of NRG Energy by 99.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 413,911 shares of the utilities provider's stock worth $39,512,000 after acquiring an additional 206,096 shares during the period. Exchange Traded Concepts LLC grew its position in NRG Energy by 54.4% in the 1st quarter. Exchange Traded Concepts LLC now owns 6,215 shares of the utilities provider's stock valued at $593,000 after buying an additional 2,190 shares in the last quarter. Graham Capital Management L.P. bought a new position in NRG Energy in the 4th quarter valued at about $276,000. State of Alaska Department of Revenue grew its position in NRG Energy by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 23,728 shares of the utilities provider's stock valued at $2,265,000 after buying an additional 630 shares in the last quarter. Finally, Townsquare Capital LLC grew its position in NRG Energy by 97.4% in the 4th quarter. Townsquare Capital LLC now owns 5,233 shares of the utilities provider's stock valued at $472,000 after buying an additional 2,582 shares in the last quarter. Institutional investors and hedge funds own 97.72% of the company's stock.

NRG Energy Trading Up 3.1%

NRG stock traded up $4.59 during mid-day trading on Friday, reaching $151.97. 3,408,409 shares of the stock traded hands, compared to its average volume of 2,971,519. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 4.61. NRG Energy, Inc. has a 52-week low of $65.11 and a 52-week high of $168.57. The company has a market cap of $29.71 billion, a P/E ratio of 24.51, a P/E/G ratio of 1.15 and a beta of 1.13. The stock's fifty day moving average is $153.92 and its 200-day moving average is $119.31.

NRG Energy (NYSE:NRG - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $1.90. NRG Energy had a net margin of 4.66% and a return on equity of 73.78%. The company had revenue of $8.59 billion during 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. The business's quarterly revenue was up 15.6% on a year-over-year basis. As a group, sell-side analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Citigroup reiterated a "buy" rating and issued a $185.00 target price (up previously from $133.00) on shares of NRG Energy in a research report on Thursday. Barclays set a $197.00 price objective on shares of NRG Energy and gave the company an "overweight" rating in a research report on Thursday, June 26th. Raymond James Financial began 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. Wall Street Zen upgraded shares of NRG Energy from a "hold" rating to a "buy" rating in a research report on Friday, June 27th. Finally, Jefferies Financial Group raised their price objective on shares of NRG Energy from $113.00 to $132.00 and gave the company 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 given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $160.30.

Insider Buying and Selling

In other news, Director Kevin Howell sold 50,000 shares of the 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 completion of the sale, the director directly owned 55,427 shares of the company's stock, valued at $8,563,471.50. This 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 can be accessed through this link. Corporate 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.