Convergence Investment Partners LLC Sells 5,381 Shares of NRG Energy, Inc. $NRG

Convergence Investment Partners LLC lessened its position in shares of NRG Energy, Inc. (NYSE:NRG) by 27.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,076 shares of the utilities provider’s stock after selling 5,381 shares during the quarter. Convergence Investment Partners LLC’s holdings in NRG Energy were worth $2,057,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of NRG Energy by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,191,133 shares of the utilities provider’s stock worth $320,145,000 after purchasing an additional 21,666 shares during the period. Parallel Advisors LLC increased its holdings in NRG Energy by 3.0% during the first quarter. Parallel Advisors LLC now owns 2,523 shares of the utilities provider’s stock valued at $369,000 after buying an additional 74 shares during the last quarter. Swiss National Bank boosted its stake in shares of NRG Energy by 11.6% during the 1st quarter. Swiss National Bank now owns 591,700 shares of the utilities provider’s stock worth $86,471,000 after acquiring an additional 61,700 shares during the last quarter. Hanseatic Management Services Inc. bought a new stake in shares of NRG Energy during the 1st quarter valued at $706,000. Finally, Mediolanum International Funds Ltd purchased a new stake in shares of NRG Energy in the 1st quarter worth $12,807,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NRG shares. Scotiabank upped their price target on NRG Energy from $223.00 to $226.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. Morgan Stanley set a $165.00 target price on shares of NRG Energy in a report on Wednesday, June 24th. Raymond James Financial set a $210.00 price target on shares of NRG Energy in a research report on Monday, April 27th. Barclays decreased their price objective on shares of NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Finally, Siebert Williams Shank assumed coverage on shares of NRG Energy in a research note on Monday, July 6th. They set a “buy” rating and a $184.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $199.93.

NRG Energy Stock Performance

NYSE:NRG opened at $130.74 on Tuesday. The company has a market cap of $27.58 billion, a price-to-earnings ratio of 153.81 and a beta of 1.21. NRG Energy, Inc. has a 1 year low of $120.11 and a 1 year high of $189.96. The stock’s 50 day simple moving average is $135.18 and its two-hundred day simple moving average is $149.37. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.78.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.48 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.30). NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The business had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $8.43 billion. During the same quarter last year, the business earned $2.68 EPS. NRG Energy’s revenue for the quarter was up 19.5% compared to the same quarter last year. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, equities analysts anticipate that NRG Energy, Inc. will post 8.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Virginia Kinney sold 20,000 shares of NRG Energy stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $127.52, for a total value of $2,550,400.00. Following the completion of the transaction, the vice president owned 45,111 shares in the company, valued at approximately $5,752,554.72. This trade represents a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.43% of the company’s stock.

NRG Energy Company Profile

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.