SageView Advisory Group LLC Takes $170,000 Position in NRG Energy, Inc. (NYSE:NRG)

SageView Advisory Group LLC acquired a new position in shares of NRG Energy, Inc. (NYSE:NRG) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,508 shares of the utilities provider’s stock, valued at approximately $170,000.

Other large investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of NRG Energy by 20.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 259,880 shares of the utilities provider’s stock worth $17,591,000 after acquiring an additional 43,580 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in NRG Energy by 2.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 288,619 shares of the utilities provider’s stock valued at $19,537,000 after acquiring an additional 7,880 shares during the period. Patton Fund Management Inc. bought a new stake in NRG Energy during the 1st quarter valued at $8,019,000. Entropy Technologies LP bought a new position in shares of NRG Energy in the first quarter worth $1,112,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of NRG Energy by 11.1% during the first quarter. Russell Investments Group Ltd. now owns 1,610,562 shares of the utilities provider’s stock valued at $109,007,000 after purchasing an additional 160,415 shares during the period. Institutional investors own 97.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on NRG. Wells Fargo & Company boosted their target price on NRG Energy from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, May 15th. BMO Capital Markets lifted their target price on NRG Energy from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, May 8th. Finally, Morgan Stanley upped their price target on shares of NRG Energy from $70.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, NRG Energy presently has a consensus rating of “Hold” and an average target price of $68.00.

NRG Energy Stock Up 1.1 %

Shares of NYSE NRG traded up $0.80 during mid-day trading on Friday, reaching $74.43. 1,732,224 shares of the company traded hands, compared to its average volume of 3,596,583. The company’s fifty day moving average is $80.15 and its two-hundred day moving average is $67.90. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.95 and a current ratio of 1.01. NRG Energy, Inc. has a fifty-two week low of $35.97 and a fifty-two week high of $87.58. The stock has a market cap of $15.52 billion, a PE ratio of 10.51 and a beta of 1.07.

NRG Energy (NYSE:NRG) last announced its earnings results on Tuesday, May 7th. The utilities provider reported $0.80 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.12). NRG Energy had a return on equity of 42.60% and a net margin of 5.76%. The firm had revenue of $7.43 billion during the quarter. On average, analysts expect that NRG Energy, Inc. will post 4.5 earnings per share for the current year.

Insider Activity

In other NRG Energy news, insider Rasesh M. Patel sold 24,546 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $83.41, for a total value of $2,047,381.86. Following the sale, the insider now owns 266,064 shares of the company’s stock, valued at approximately $22,192,398.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is owned by company insiders.

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.