NRG Energy, Inc. (NYSE:NRG) Stock Position Raised by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC boosted its position in NRG Energy, Inc. (NYSE:NRGFree Report) by 12.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,049 shares of the utilities provider’s stock after buying an additional 544 shares during the quarter. Impact Partnership Wealth LLC’s holdings in NRG Energy were worth $482,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NRG. Key Financial Inc acquired a new position in NRG Energy during the first quarter valued at approximately $30,000. Mizuho Bank Ltd. acquired a new stake in NRG Energy during the 4th quarter worth approximately $41,000. CIBC Private Wealth Group LLC lifted its position in shares of NRG Energy by 64.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 521 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 205 shares during the period. Park Square Financial Group LLC bought a new position in shares of NRG Energy in the fourth quarter valued at $53,000. Finally, UMB Bank n.a. grew its stake in shares of NRG Energy by 44.0% in the 1st quarter. UMB Bank n.a. now owns 655 shares of the utilities provider’s stock worth $63,000 after acquiring an additional 200 shares in the last quarter. 97.72% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Kevin Howell sold 50,000 shares of the company’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $154.50, for a total value of $7,725,000.00. Following the sale, the director directly owned 55,427 shares of the company’s stock, valued at approximately $8,563,471.50. This represents a 47.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.86% of the company’s stock.

NRG Energy Price Performance

NYSE:NRG traded up $4.59 during trading hours on Friday, reaching $151.97. 3,408,409 shares of the company traded hands, compared to its average volume of 2,972,289. The firm’s 50-day moving average is $154.57 and its 200-day moving average is $119.73. The stock has a market cap of $29.71 billion, a P/E ratio of 24.51, a P/E/G ratio of 1.17 and a beta of 1.13. The company has a debt-to-equity ratio of 4.61, a current ratio of 1.06 and a quick ratio of 1.02. NRG Energy, Inc. has a 1-year low of $65.11 and a 1-year high of $168.57.

NRG Energy (NYSE:NRGGet Free Report) last posted its earnings results on Monday, May 12th. The utilities provider reported $2.62 EPS for the quarter, beating the consensus estimate of $0.72 by $1.90. The company had revenue of $8.59 billion during the quarter, compared to analyst estimates of $8.28 billion. NRG Energy had a return on equity of 73.78% and a net margin of 4.66%. The business’s revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.31 earnings per share. Equities research analysts expect that NRG Energy, Inc. will post 6.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NRG has been the topic of a number of recent research reports. Wells Fargo & Company increased their price target on shares of NRG Energy from $165.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, May 13th. Citigroup reaffirmed a “buy” rating and issued a $185.00 price target (up previously from $133.00) on shares of NRG Energy in a research report on Thursday. Guggenheim boosted their price target on NRG Energy from $138.00 to $173.00 and gave the company a “buy” rating in a research note on Tuesday, May 13th. Jefferies Financial Group lifted their price objective on NRG Energy from $113.00 to $132.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Finally, Barclays set a $197.00 price target on NRG Energy and gave the stock an “overweight” rating in a report on Thursday, June 26th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, NRG Energy presently has an average rating of “Buy” and an average price target of $160.30.

View Our Latest Analysis on NRG Energy

About NRG Energy

(Free Report)

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.

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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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