Morgan Stanley trimmed its holdings in shares of NRG Energy Inc (NYSE:NRG) by 28.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 730,450 shares of the utilities provider’s stock after selling 289,388 shares during the period. Morgan Stanley’s holdings in NRG Energy were worth $19,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Alliancebernstein L.P. raised its holdings in shares of NRG Energy by 62.6% in the 4th quarter. Alliancebernstein L.P. now owns 7,418,351 shares of the utilities provider’s stock valued at $294,879,000 after purchasing an additional 2,857,395 shares in the last quarter. Janus Henderson Group PLC increased its holdings in NRG Energy by 49.3% during the first quarter. Janus Henderson Group PLC now owns 7,344,429 shares of the utilities provider’s stock valued at $200,209,000 after buying an additional 2,424,235 shares during the period. Wellington Management Group LLP increased its holdings in NRG Energy by 15.3% during the first quarter. Wellington Management Group LLP now owns 5,208,232 shares of the utilities provider’s stock valued at $141,977,000 after buying an additional 690,269 shares during the period. Renaissance Technologies LLC raised its stake in NRG Energy by 199.1% in the fourth quarter. Renaissance Technologies LLC now owns 4,755,569 shares of the utilities provider’s stock worth $189,034,000 after buying an additional 3,165,853 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in NRG Energy by 2.3% during the 1st quarter. Geode Capital Management LLC now owns 4,173,498 shares of the utilities provider’s stock valued at $113,563,000 after acquiring an additional 95,019 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.
Shares of NRG Energy stock opened at $32.56 on Wednesday. The company has a 50 day moving average price of $34.40 and a 200 day moving average price of $34.48. The firm has a market capitalization of $7.71 billion, a P/E ratio of 2.09, a PEG ratio of 0.15 and a beta of 1.09. The company has a quick ratio of 1.09, a current ratio of 1.22 and a debt-to-equity ratio of 4.09. NRG Energy Inc has a 52 week low of $19.54 and a 52 week high of $41.78.
NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.20). NRG Energy had a negative return on equity of 15,555.52% and a net margin of 42.14%. The company had revenue of $2.02 billion during the quarter. As a group, research analysts anticipate that NRG Energy Inc will post 5.18 earnings per share for the current fiscal year.
NRG has been the subject of several recent research reports. Vertical Research raised NRG Energy from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Tuesday, March 3rd. ValuEngine lowered NRG Energy from a “sell” rating to a “strong sell” rating in a research note on Monday, June 1st. Citigroup decreased their price target on shares of NRG Energy from $49.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Zacks Investment Research downgraded shares of NRG Energy from a “buy” rating to a “hold” rating and set a $34.00 price objective on the stock. in a research report on Wednesday, May 13th. Finally, Cfra lowered shares of NRG Energy from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $37.00 to $28.00 in a research note on Thursday, May 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. NRG Energy presently has an average rating of “Hold” and a consensus target price of $40.33.
NRG Energy Company Profile
NRG Energy, Inc, together with its subsidiaries, operates as an energy company in the United States. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.1 million residential, industrial, and commercial consumers. It generates electricity using natural gas, coal, oil, solar, nuclear, wind, fossil fuel, and nuclear sources.
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