NRG Energy, Inc. (NYSE:NRG) Shares Purchased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. raised its holdings in shares of NRG Energy, Inc. (NYSE:NRG) by 4.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,836 shares of the utilities provider’s stock after acquiring an additional 129 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in NRG Energy were worth $271,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Northern Trust Corp boosted its position in shares of NRG Energy by 16.1% during the 4th quarter. Northern Trust Corp now owns 2,282,672 shares of the utilities provider’s stock worth $205,943,000 after acquiring an additional 316,445 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of NRG Energy by 4.2% in the 4th quarter. Russell Investments Group Ltd. now owns 1,414,186 shares of the utilities provider’s stock valued at $127,614,000 after purchasing an additional 56,944 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of NRG Energy by 3.1% in the 4th quarter. Prudential Financial Inc. now owns 1,374,245 shares of the utilities provider’s stock valued at $123,984,000 after purchasing an additional 41,094 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of NRG Energy by 17.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,223,591 shares of the utilities provider’s stock valued at $110,392,000 after purchasing an additional 182,438 shares during the last quarter. Finally, Bridgewater Associates LP lifted its holdings in shares of NRG Energy by 47.3% in the 4th quarter. Bridgewater Associates LP now owns 1,185,365 shares of the utilities provider’s stock valued at $106,944,000 after purchasing an additional 380,564 shares during the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NRG has been the subject of several research reports. Raymond James Financial initiated coverage on NRG Energy in a report on Friday, June 13th. They issued a “strong-buy” rating and a $195.00 target price for the company. Barclays set a $197.00 target price on NRG Energy and gave the company an “overweight” rating in a report on Thursday, June 26th. Wells Fargo & Company boosted their target price on NRG Energy from $165.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, May 13th. BMO Capital Markets reissued a “market perform” rating and issued a $167.00 target price (up from $115.00) on shares of NRG Energy in a report on Wednesday, May 14th. Finally, Jefferies Financial Group boosted their target price on NRG Energy from $113.00 to $132.00 and gave the company a “buy” rating in a report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.80.

Insider Activity

In other news, Director Kevin Howell sold 50,000 shares of the stock in a transaction that occurred on 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 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 filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.86% of the company’s stock.

NRG Energy Stock Down 1.3%

NRG opened at $145.03 on Thursday. The business has a 50 day moving average price of $153.38 and a two-hundred day moving average price of $118.93. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 4.61. The company has a market cap of $28.35 billion, a PE ratio of 23.39, a P/E/G ratio of 1.17 and a beta of 1.13. NRG Energy, Inc. has a 52 week low of $65.11 and a 52 week high of $168.57.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data 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 firm had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $8.28 billion. NRG Energy had a return on equity of 73.78% and a net margin of 4.66%. The firm’s revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.31 EPS. As a group, research analysts anticipate that NRG Energy, Inc. will post 6.36 EPS for the current year.

About NRG Energy

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.