Xponance Inc. reduced its position in NRG Energy, Inc. (NYSE:NRG - Free Report) by 16.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,138 shares of the utilities provider's stock after selling 8,080 shares during the quarter. Xponance Inc.'s holdings in NRG Energy were worth $4,022,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Boston Partners acquired a new stake in shares of NRG Energy during the fourth quarter worth $94,346,000. Teacher Retirement System of Texas lifted its stake in shares of NRG Energy by 350.4% during the fourth quarter. Teacher Retirement System of Texas now owns 904,265 shares of the utilities provider's stock worth $81,583,000 after buying an additional 703,481 shares during the period. GAMMA Investing LLC lifted its stake in shares of NRG Energy by 10,483.2% during the first quarter. GAMMA Investing LLC now owns 661,347 shares of the utilities provider's stock worth $63,132,000 after buying an additional 655,098 shares during the period. Leigh Baldwin & CO. LLC acquired a new stake in shares of NRG Energy during the fourth quarter worth $54,881,000. Finally, Bridgewater Associates LP lifted its stake in shares of NRG Energy by 47.3% during the fourth quarter. Bridgewater Associates LP now owns 1,185,365 shares of the utilities provider's stock worth $106,944,000 after buying an additional 380,564 shares during the period. 97.72% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at NRG Energy
In other news, Director Kevin Howell sold 50,000 shares of the business'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 of the company's stock, valued at $8,563,471.50. The trade was 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 available at this link. 0.61% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
NRG has been the subject of several research reports. The Goldman Sachs Group initiated coverage on shares of NRG Energy in a research note on Friday, April 4th. They set a "buy" rating and a $129.00 price objective for the company. Guggenheim lifted their price objective on shares of NRG Energy from $138.00 to $173.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Raymond James Financial initiated coverage on shares of NRG Energy in a research report on Friday, June 13th. They set a "strong-buy" rating and a $195.00 target price for the company. Barclays set a $197.00 target price on shares of NRG Energy and gave the company an "overweight" rating in a research report on Thursday, June 26th. Finally, BMO Capital Markets restated a "market perform" rating and set a $167.00 target price (up from $115.00) on shares of NRG Energy in a research report on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $151.80.
Read Our Latest Report on NRG
NRG Energy Stock Down 0.6%
NRG stock opened at $150.50 on Monday. 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 firm has a 50-day simple moving average of $151.55 and a 200-day simple moving average of $118.13. The company has a quick ratio of 1.02, a current ratio of 1.06 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.
NRG Energy (NYSE:NRG - Get Free Report) last released its earnings results on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $1.90. The business had revenue of $8.59 billion during the quarter, compared to analysts' expectations of $8.28 billion. NRG Energy had a net margin of 4.66% and a return on equity of 73.78%. The company's quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.31 earnings per share. Equities analysts forecast that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.
NRG Energy Profile
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Free Report)
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.
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