Greenleaf Trust Decreases Position in NRG Energy, Inc. (NYSE:NRG)

Greenleaf Trust lowered its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 10.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,699 shares of the utilities provider’s stock after selling 869 shares during the period. Greenleaf Trust’s holdings in NRG Energy were worth $735,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mizuho Bank Ltd. bought a new position in NRG Energy in the 4th quarter worth approximately $41,000. CIBC Private Wealth Group LLC boosted its holdings in NRG Energy by 64.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 521 shares of the utilities provider’s stock worth $51,000 after buying an additional 205 shares during the period. Park Square Financial Group LLC bought a new position in NRG Energy in the 4th quarter worth approximately $53,000. UMB Bank n.a. boosted its holdings in 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 buying an additional 200 shares during the period. Finally, Huntington National Bank boosted its holdings in NRG Energy by 28.3% in the 4th quarter. Huntington National Bank now owns 662 shares of the utilities provider’s stock worth $60,000 after buying an additional 146 shares during the period. 97.72% of the stock is owned by institutional investors.

NRG Energy Stock Performance

NYSE NRG opened at $150.50 on Friday. NRG Energy, Inc. has a 52-week low of $65.11 and a 52-week high of $168.57. The company has a debt-to-equity ratio of 4.61, a quick ratio of 1.02 and a current ratio of 1.06. The company has a market capitalization of $29.42 billion, a P/E ratio of 24.27, a P/E/G ratio of 1.20 and a beta of 1.13. The company has a fifty day moving average of $151.55 and a 200-day moving average of $117.79.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $1.90. NRG Energy had a net margin of 4.66% and a return on equity of 73.78%. The company had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $8.28 billion. During the same period in the previous year, the firm posted $2.31 EPS. The firm’s revenue was up 15.6% compared to the same quarter last year. As a group, equities research analysts predict that NRG Energy, Inc. will post 6.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on NRG shares. Jefferies Financial Group raised their price objective on shares of NRG Energy from $113.00 to $132.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Raymond James Financial assumed coverage on shares of NRG Energy in a report on Friday, June 13th. They issued a “strong-buy” rating and a $195.00 price objective for the company. Wells Fargo & Company raised their price target on shares of NRG Energy from $165.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, May 13th. Barclays set a $197.00 price target on shares of NRG Energy and gave the company an “overweight” rating in a report on Thursday, June 26th. Finally, The Goldman Sachs Group assumed coverage on shares of NRG Energy in a report on Friday, April 4th. They issued a “buy” rating and a $129.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $151.80.

Insider Activity

In other news, Director Kevin Howell sold 50,000 shares of NRG Energy stock in a transaction on Friday, May 30th. The shares were sold at an average price of $154.50, for a total transaction of $7,725,000.00. Following the completion of the sale, the director directly owned 55,427 shares of the company’s stock, valued at approximately $8,563,471.50. The trade was a 47.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.86% of the company’s stock.

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.