WESPAC Advisors LLC Takes Position in NRG Energy, Inc. (NYSE:NRG)

WESPAC Advisors LLC purchased a new stake in NRG Energy, Inc. (NYSE:NRG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,464 shares of the utilities provider's stock, valued at approximately $713,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp increased its position in shares of NRG Energy by 16.1% during the fourth quarter. Northern Trust Corp now owns 2,282,672 shares of the utilities provider's stock worth $205,943,000 after buying an additional 316,445 shares during the period. Appaloosa LP increased its position in shares of NRG Energy by 81.5% during the fourth quarter. Appaloosa LP now owns 1,815,000 shares of the utilities provider's stock worth $163,749,000 after buying an additional 815,180 shares during the period. Russell Investments Group Ltd. increased its position in shares of NRG Energy by 4.2% during the fourth quarter. Russell Investments Group Ltd. now owns 1,414,186 shares of the utilities provider's stock worth $127,614,000 after buying an additional 56,944 shares during the period. Prudential Financial Inc. increased its position in shares of NRG Energy by 3.1% during the fourth quarter. Prudential Financial Inc. now owns 1,374,245 shares of the utilities provider's stock worth $123,984,000 after buying an additional 41,094 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in NRG Energy by 17.5% in the fourth 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 period. 97.72% of the stock is currently owned by institutional investors and hedge funds.

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 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 filing with the SEC, which is accessible through this link. Company insiders own 0.86% of the company's stock.

NRG Energy Stock Down 0.6%

Shares of NRG traded down $0.86 during trading hours on Friday, reaching $150.50. 1,973,624 shares of the stock traded hands, compared to its average volume of 2,982,892. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 4.61. The stock has a fifty day simple moving average of $151.55 and a 200 day simple moving average of $117.79. 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 $29.42 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 1.20 and a beta of 1.13.

NRG Energy (NYSE:NRG - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share 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 for the quarter, compared to analyst estimates of $8.28 billion. During the same period last year, the firm earned $2.31 earnings per share. The firm's revenue was up 15.6% on a year-over-year basis. On average, equities analysts forecast that NRG Energy, Inc. will post 6.36 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Wall Street Zen upgraded shares of NRG Energy from a "hold" rating to a "buy" rating in a report on Friday, June 27th. Raymond James Financial assumed coverage on shares of NRG Energy in a report on Friday, June 13th. They issued a "strong-buy" rating and a $195.00 price target for the company. Barclays set a $197.00 price target on shares of NRG Energy and gave the stock an "overweight" rating in a report on Thursday, June 26th. Wells Fargo & Company raised their price objective on shares of NRG Energy from $165.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. 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 note on Monday, May 5th. Two 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 stock. According to data from MarketBeat, NRG Energy has an average rating of "Moderate Buy" and an average price target of $151.80.

NRG Energy Profile

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.