Wedge Capital Management L L P NC Has $12.66 Million Stock Holdings in NRG Energy, Inc. (NYSE:NRG)

Wedge Capital Management L L P NC trimmed its holdings in NRG Energy, Inc. (NYSE:NRG - Free Report) by 2.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 132,630 shares of the utilities provider's stock after selling 3,680 shares during the quarter. Wedge Capital Management L L P NC owned 0.07% of NRG Energy worth $12,661,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Schechter Investment Advisors LLC lifted its stake in NRG Energy by 0.8% during the fourth quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider's stock valued at $1,436,000 after buying an additional 120 shares in the last quarter. Avestar Capital LLC lifted its stake in NRG Energy by 4.7% during the fourth quarter. Avestar Capital LLC now owns 3,046 shares of the utilities provider's stock valued at $275,000 after buying an additional 138 shares in the last quarter. Independent Advisor Alliance lifted its stake in NRG Energy by 5.9% during the fourth quarter. Independent Advisor Alliance now owns 2,619 shares of the utilities provider's stock valued at $236,000 after buying an additional 146 shares in the last quarter. Huntington National Bank lifted its stake in NRG Energy by 28.3% during the fourth quarter. Huntington National Bank now owns 662 shares of the utilities provider's stock valued at $60,000 after buying an additional 146 shares in the last quarter. Finally, Keybank National Association OH lifted its stake in NRG Energy by 5.0% during the fourth quarter. Keybank National Association OH now owns 3,302 shares of the utilities provider's stock valued at $298,000 after buying an additional 157 shares in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NRG Energy news, Director Kevin Howell sold 50,000 shares of the stock in a transaction that occurred on 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 now owns 55,427 shares in the company, valued at $8,563,471.50. This trade represents a 47.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.86% of the stock is currently owned by corporate insiders.

NRG Energy Stock Up 0.1%

Shares of NRG traded up $0.16 during trading hours on Wednesday, reaching $148.84. The company's stock had a trading volume of 4,046,056 shares, compared to its average volume of 2,991,421. The company has a 50 day moving average of $127.45 and a two-hundred day moving average of $108.86. NRG Energy, Inc. has a 1-year low of $65.11 and a 1-year high of $162.33. The firm has a market cap of $29.10 billion, a price-to-earnings ratio of 37.40, a P/E/G ratio of 1.01 and a beta of 1.13. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57.

NRG Energy (NYSE:NRG - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $1.90. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. The firm had revenue of $8.59 billion for the quarter, compared to the consensus estimate of $8.28 billion. During the same quarter in the prior year, the company posted $2.31 earnings per share. The firm's revenue was up 15.6% on a year-over-year basis. As a group, research analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a $0.44 dividend. The ex-dividend date was Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.18%. NRG Energy's dividend payout ratio is currently 28.39%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. BMO Capital Markets reaffirmed a "market perform" rating and set a $167.00 price objective (up from $115.00) on shares of NRG Energy in a research note on Wednesday, May 14th. Wall Street Zen downgraded NRG Energy from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Guggenheim upped their target price on NRG Energy from $138.00 to $173.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Jefferies Financial Group upped their target price on NRG Energy from $113.00 to $132.00 and gave the company a "buy" rating in a report on Monday, May 5th. Finally, The Goldman Sachs Group began coverage on NRG Energy in a report on Friday, April 4th. They issued a "buy" rating and a $129.00 target price on the stock. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.75.

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.