Legal & General Group Plc cut its holdings in NRG Energy Inc (NYSE:NRG) by 10.8% during the 1st quarter, HoldingsChannel reports. The fund owned 1,282,314 shares of the utilities provider’s stock after selling 154,863 shares during the quarter. Legal & General Group Plc’s holdings in NRG Energy were worth $39,149,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. MetLife Investment Advisors LLC acquired a new position in shares of NRG Energy in the fourth quarter valued at about $2,651,000. Toronto Dominion Bank grew its stake in shares of NRG Energy by 27.0% in the first quarter. Toronto Dominion Bank now owns 142,006 shares of the utilities provider’s stock valued at $4,335,000 after acquiring an additional 30,158 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of NRG Energy by 0.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,663,411 shares of the utilities provider’s stock valued at $50,784,000 after acquiring an additional 12,715 shares in the last quarter. American International Group Inc. grew its stake in shares of NRG Energy by 45.0% in the fourth quarter. American International Group Inc. now owns 129,986 shares of the utilities provider’s stock valued at $3,702,000 after acquiring an additional 40,351 shares in the last quarter. Finally, Hartree Partners LP acquired a new position in shares of NRG Energy in the first quarter valued at about $3,708,000. Institutional investors and hedge funds own 97.31% of the company’s stock.
Several research firms recently commented on NRG. UBS Group upped their price target on shares of NRG Energy from $36.00 to $37.00 and gave the company a “buy” rating in a research note 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. Zacks Investment Research downgraded shares of NRG Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 26th. SunTrust Banks restated a “hold” rating and issued a $29.00 price target on shares of NRG Energy in a research note on Thursday, March 15th. Finally, ValuEngine downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 17th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. NRG Energy currently has a consensus rating of “Buy” and a consensus price target of $33.20.
Shares of NRG Energy opened at $30.70 on Friday, Marketbeat Ratings reports. The stock has a market cap of $9.67 billion, a price-to-earnings ratio of 28.17 and a beta of 0.94. The company has a debt-to-equity ratio of 6.82, a quick ratio of 1.09 and a current ratio of 1.23. NRG Energy Inc has a 12-month low of $15.95 and a 12-month high of $35.17.
NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Thursday, May 3rd. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.73. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.08 billion. NRG Energy had a negative net margin of 16.04% and a positive return on equity of 26.42%. The firm’s revenue was up 1.6% compared to the same quarter last year. analysts predict that NRG Energy Inc will post 3.29 EPS for the current fiscal year.
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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