Transce3nd LLC Has $1.15 Million Stock Position in NRG Energy, Inc. (NYSE:NRG)

Transce3nd LLC trimmed its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 3.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,001 shares of the utilities provider’s stock after selling 433 shares during the period. Transce3nd LLC’s holdings in NRG Energy were worth $1,145,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of NRG. Mather Group LLC. increased its position in NRG Energy by 12.1% in the 1st quarter. Mather Group LLC. now owns 900 shares of the utilities provider’s stock worth $86,000 after purchasing an additional 97 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in NRG Energy by 13.0% in the 1st quarter. Cullen Frost Bankers Inc. now owns 904 shares of the utilities provider’s stock worth $86,000 after purchasing an additional 104 shares during the last quarter. Private Trust Co. NA increased its position in NRG Energy by 8.7% in the 1st quarter. Private Trust Co. NA now owns 1,482 shares of the utilities provider’s stock worth $141,000 after purchasing an additional 119 shares during the last quarter. Allworth Financial LP increased its position in NRG Energy by 19.2% in the 1st quarter. Allworth Financial LP now owns 758 shares of the utilities provider’s stock worth $72,000 after purchasing an additional 122 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its position in NRG Energy by 4.8% in the 1st quarter. Stratos Wealth Partners LTD. now owns 2,836 shares of the utilities provider’s stock worth $271,000 after purchasing an additional 129 shares during the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Kevin Howell sold 50,000 shares of NRG Energy stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the completion of the transaction, the director owned 55,427 shares in the company, valued at approximately $8,563,471.50. This trade represents a 47.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. The Goldman Sachs Group assumed coverage on NRG Energy in a research note on Friday, April 4th. They set a “buy” rating and a $129.00 price target for the company. Jefferies Financial Group upped their price target on NRG Energy from $113.00 to $132.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. BMO Capital Markets reiterated a “market perform” rating and set a $167.00 price target (up previously from $115.00) on shares of NRG Energy in a research note on Wednesday, May 14th. Wells Fargo & Company upped their price target on NRG Energy from $165.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 13th. Finally, Barclays set a $197.00 price target on NRG Energy and gave the stock an “overweight” rating in a research note on Thursday, June 26th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $160.30.

NRG Energy Stock Performance

Shares of NRG Energy stock opened at $147.49 on Friday. The company has a market capitalization of $28.84 billion, a PE ratio of 23.79, a PEG ratio of 1.15 and a beta of 1.13. NRG Energy, Inc. has a 12 month low of $65.11 and a 12 month high of $168.57. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 4.61. The stock’s fifty day simple moving average is $153.92 and its 200 day simple moving average is $119.31.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $1.90. NRG Energy had a return on equity of 73.78% and a net margin of 4.66%. The firm had revenue of $8.59 billion for the quarter, compared to the consensus estimate of $8.28 billion. During the same quarter last year, the business posted $2.31 EPS. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. On average, research analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current year.

NRG Energy Profile

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.