AQR Capital Management LLC trimmed its stake in shares of NRG Energy Inc (NYSE:NRG) by 60.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 99,836 shares of the utilities provider’s stock after selling 153,665 shares during the quarter. AQR Capital Management LLC’s holdings in NRG Energy were worth $3,734,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Stratos Wealth Partners LTD. bought a new stake in shares of NRG Energy during the 3rd quarter worth $145,000. Wealthsource Partners LLC bought a new stake in shares of NRG Energy during the 3rd quarter worth $204,000. Moody National Bank Trust Division bought a new stake in shares of NRG Energy during the 3rd quarter worth $206,000. Virtus ETF Advisers LLC bought a new stake in shares of NRG Energy during the 3rd quarter worth $211,000. Finally, Conning Inc. bought a new stake in shares of NRG Energy during the 3rd quarter worth $231,000. Institutional investors and hedge funds own 97.51% of the company’s stock.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded NRG Energy from a “sell” rating to a “hold” rating in a research report on Monday, October 22nd. ValuEngine downgraded NRG Energy from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Citigroup upped their price objective on NRG Energy from $38.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, December 10th. SunTrust Banks upped their price objective on NRG Energy from $35.00 to $36.00 and gave the stock a “hold” rating in a research report on Monday, October 29th. Finally, Bank of America upped their price objective on NRG Energy from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, September 27th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. NRG Energy currently has an average rating of “Buy” and a consensus price target of $41.00.
Shares of NRG opened at $40.30 on Friday. NRG Energy Inc has a 12-month low of $23.75 and a 12-month high of $43.08. The company has a quick ratio of 1.42, a current ratio of 1.57 and a debt-to-equity ratio of 7.16. The stock has a market capitalization of $11.47 billion, a price-to-earnings ratio of 36.97 and a beta of 0.83.
NRG Energy (NYSE:NRG) last issued its earnings results on Thursday, November 8th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.18). NRG Energy had a positive return on equity of 61.11% and a negative net margin of 11.52%. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same period in the previous year, the company earned $0.60 EPS. NRG Energy’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, research analysts forecast that NRG Energy Inc will post 3 earnings per share for the current fiscal year.
In other news, VP Robert J. Gaudette sold 18,571 shares of the stock in a transaction dated Thursday, January 10th. The stock was sold at an average price of $39.42, for a total value of $732,068.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christopher Moser sold 34,296 shares of the stock in a transaction dated Friday, January 4th. The shares were sold at an average price of $38.23, for a total value of $1,311,136.08. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate insiders.
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NRG Energy Company 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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