Janus Henderson Group PLC lessened its position in NRG Energy Inc (NYSE:NRG) by 33.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,920,194 shares of the utilities provider’s stock after selling 2,480,373 shares during the period. Janus Henderson Group PLC’s holdings in NRG Energy were worth $195,578,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Eaton Vance Management lifted its holdings in shares of NRG Energy by 0.6% in the 4th quarter. Eaton Vance Management now owns 48,570 shares of the utilities provider’s stock worth $1,931,000 after acquiring an additional 286 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in NRG Energy by 1.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 29,799 shares of the utilities provider’s stock valued at $1,185,000 after acquiring an additional 337 shares in the last quarter. Patriot Financial Group Insurance Agency LLC bought a new stake in NRG Energy during the fourth quarter valued at about $28,000. Orion Portfolio Solutions LLC purchased a new position in NRG Energy in the fourth quarter valued at about $32,000. Finally, GWM Advisors LLC lifted its position in shares of NRG Energy by 1.0% during the fourth quarter. GWM Advisors LLC now owns 84,222 shares of the utilities provider’s stock valued at $3,347,000 after buying an additional 829 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.
Shares of NYSE NRG opened at $26.29 on Thursday. NRG Energy Inc has a fifty-two week low of $19.54 and a fifty-two week high of $43.56. The company has a market cap of $6.45 billion, a PE ratio of 1.57, a P/E/G ratio of 0.11 and a beta of 0.82. The company has a debt-to-equity ratio of 3.79, a quick ratio of 1.15 and a current ratio of 1.31. The business has a 50-day simple moving average of $33.40 and a two-hundred day simple moving average of $37.64.
NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.16). The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $3.01 billion. NRG Energy had a net margin of 45.19% and a negative return on equity of 120.17%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 EPS. On average, sell-side analysts predict that NRG Energy Inc will post 5.51 earnings per share for the current fiscal year.
In other news, VP Elizabeth R. Killinger sold 52,500 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $37.77, for a total value of $1,982,925.00. Following the sale, the vice president now directly owns 137,956 shares of the company’s stock, valued at approximately $5,210,598.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brian Curci sold 18,500 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $37.76, for a total transaction of $698,560.00. Following the completion of the sale, the senior vice president now owns 49,424 shares in the company, valued at approximately $1,866,250.24. The disclosure for this sale can be found here. Insiders sold a total of 84,372 shares of company stock valued at $3,210,481 in the last 90 days. 0.70% of the stock is currently owned by company insiders.
A number of analysts have recently weighed in on NRG shares. Vertical Research upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Tuesday, March 3rd. TheStreet upgraded shares of NRG Energy from a “c” rating to a “b” rating in a research note on Thursday, February 27th. BMO Capital Markets initiated coverage on shares of NRG Energy in a research report on Wednesday, February 19th. They set a “market perform” rating and a $43.50 target price for the company. Morgan Stanley lowered their target price on shares of NRG Energy from $55.00 to $54.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Finally, ValuEngine raised shares of NRG Energy from a “sell” rating to a “hold” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $46.56.
NRG Energy Profile
NRG Energy, Inc, together with its subsidiaries, operates as an energy company in the United States. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.1 million residential, industrial, and commercial consumers. It generates electricity using natural gas, coal, oil, solar, nuclear, wind, fossil fuel, and nuclear sources.
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