PFG Advisors purchased a new position in shares of NRG Energy Inc (NYSE:NRG) in the fourth quarter, Holdings Channel reports. The fund purchased 29,025 shares of the utilities provider’s stock, valued at approximately $1,148,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. JS Capital Management LLC acquired a new stake in shares of NRG Energy in the third quarter worth approximately $105,000. Stratos Wealth Partners LTD. acquired a new stake in shares of NRG Energy in the third quarter worth approximately $145,000. Wealthsource Partners LLC acquired a new stake in shares of NRG Energy in the third quarter worth approximately $204,000. Moody National Bank Trust Division acquired a new stake in shares of NRG Energy in the third quarter worth approximately $206,000. Finally, Virtus ETF Advisers LLC acquired a new stake in shares of NRG Energy in the third quarter worth approximately $211,000. Institutional investors and hedge funds own 97.53% of the company’s stock.
In other news, VP Robert J. Gaudette sold 18,571 shares of the business’s stock in a transaction on Thursday, January 10th. The shares were sold at an average price of $39.42, for a total transaction of $732,068.82. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Christopher Moser sold 34,296 shares of the business’s stock in a transaction on Friday, January 4th. The stock was sold at an average price of $38.23, for a total transaction of $1,311,136.08. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.
NRG stock traded down $0.80 during midday trading on Friday, reaching $40.26. 1,939,151 shares of the company’s stock traded hands, compared to its average volume of 3,691,760. The stock has a market cap of $11.80 billion, a price-to-earnings ratio of 36.93 and a beta of 0.83. The company has a quick ratio of 1.42, a current ratio of 1.57 and a debt-to-equity ratio of 7.16. NRG Energy Inc has a fifty-two week low of $23.75 and a fifty-two week high of $43.08.
NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Thursday, November 8th. The utilities provider reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.18). The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $4.04 billion. NRG Energy had a negative net margin of 11.52% and a positive return on equity of 61.11%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the firm earned $0.60 earnings per share. On average, equities analysts forecast that NRG Energy Inc will post 3 EPS for the current fiscal year.
Several equities research analysts recently issued reports on NRG shares. ValuEngine raised shares of NRG Energy from a “hold” rating to a “buy” rating in a research report on Saturday, October 6th. Bank of America raised their target price on shares of NRG Energy from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, September 27th. Zacks Investment Research raised shares of NRG Energy from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Friday, January 4th. Citigroup raised their target price on shares of NRG Energy from $38.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, December 10th. Finally, SunTrust Banks raised their target price on shares of NRG Energy from $35.00 to $36.00 and gave the stock a “hold” rating in a research report on Monday, October 29th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $41.00.
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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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