Profund Advisors LLC lessened its stake in NRG Energy Inc (NYSE:NRG) by 25.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,339 shares of the utilities provider’s stock after selling 6,770 shares during the quarter. Profund Advisors LLC’s holdings in NRG Energy were worth $621,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. IFP Advisors Inc raised its holdings in shares of NRG Energy by 112.2% in the 1st quarter. IFP Advisors Inc now owns 4,352 shares of the utilities provider’s stock worth $133,000 after purchasing an additional 2,301 shares during the period. Stifel Financial Corp raised its holdings in shares of NRG Energy by 7.8% in the 1st quarter. Stifel Financial Corp now owns 35,007 shares of the utilities provider’s stock worth $1,067,000 after purchasing an additional 2,528 shares during the period. Itau Unibanco Holding S.A. raised its holdings in shares of NRG Energy by 122.7% in the 4th quarter. Itau Unibanco Holding S.A. now owns 4,815 shares of the utilities provider’s stock worth $137,000 after purchasing an additional 2,653 shares during the period. GWM Advisors LLC raised its holdings in shares of NRG Energy by 6.1% in the 1st quarter. GWM Advisors LLC now owns 50,128 shares of the utilities provider’s stock worth $1,521,000 after purchasing an additional 2,866 shares during the period. Finally, LPL Financial LLC raised its holdings in shares of NRG Energy by 13.2% in the 4th quarter. LPL Financial LLC now owns 25,347 shares of the utilities provider’s stock worth $722,000 after purchasing an additional 2,949 shares during the period. 97.31% of the stock is currently owned by institutional investors.
A number of research firms recently commented on NRG. UBS Group lifted their price target on shares of NRG Energy from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, March 28th. TheStreet upgraded shares of NRG Energy from a “d+” rating to a “c-” rating in a research note on Wednesday, March 21st. ValuEngine lowered shares of NRG Energy from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded shares of NRG Energy from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective for the company in a research note on Tuesday, April 24th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $29.00 price objective on shares of NRG Energy in a research note on Thursday, March 15th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $33.20.
NRG Energy stock opened at $33.38 on Friday. NRG Energy Inc has a 1-year low of $15.95 and a 1-year high of $35.17. The company has a market capitalization of $10.51 billion, a P/E ratio of 30.62 and a beta of 0.94. The company has a quick ratio of 1.09, a current ratio of 1.23 and a debt-to-equity ratio of 6.82.
NRG Energy (NYSE:NRG) last released its quarterly earnings data on Thursday, May 3rd. The utilities provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.73. NRG Energy had a negative net margin of 16.04% and a positive return on equity of 26.42%. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.08 billion. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. sell-side analysts forecast that NRG Energy Inc will post 3.29 EPS for the current year.
NRG Energy declared that its board has authorized a share repurchase plan on Thursday, March 1st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the utilities provider to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
NRG Energy Profile
NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. The company is involved in the generation of electricity using fossil fuel and nuclear sources. The company provides electricity to 2.9 million residential, commercial, and industrial consumers; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; and carbon management and specialty services.
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