Advisor Group Inc. decreased its holdings in NRG Energy (NYSE:NRG) by 74.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,122 shares of the utilities provider’s stock after selling 45,187 shares during the quarter. Advisor Group Inc.’s holdings in NRG Energy were worth $430,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC raised its position in NRG Energy by 3,685.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,785 shares of the utilities provider’s stock valued at $108,000 after purchasing an additional 3,685 shares during the last quarter. NuWave Investment Management LLC bought a new position in NRG Energy in the 4th quarter valued at $116,000. Invictus RG bought a new position in NRG Energy in the 3rd quarter valued at $110,000. Itau Unibanco Holding S.A. raised its position in NRG Energy by 122.7% in the 4th quarter. Itau Unibanco Holding S.A. now owns 4,815 shares of the utilities provider’s stock valued at $137,000 after purchasing an additional 2,653 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in NRG Energy by 54.7% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,076 shares of the utilities provider’s stock valued at $175,000 after purchasing an additional 2,148 shares during the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.
Several equities analysts have issued reports on NRG shares. UBS started coverage on NRG Energy in a research report on Friday, February 23rd. They issued a “buy” rating and a $33.00 price objective for the company. TheStreet upgraded NRG Energy from a “d+” rating to a “c-” rating in a research report on Wednesday, March 21st. Zacks Investment Research upgraded NRG Energy from a “sell” rating to a “hold” rating in a research report on Monday, February 12th. SunTrust Banks reiterated a “hold” rating and issued a $29.00 price objective on shares of NRG Energy in a research report on Thursday, March 15th. Finally, ValuEngine downgraded NRG Energy from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $28.14.
NRG Energy (NYSE:NRG) last released its earnings results on Thursday, March 1st. The utilities provider reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.59. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.23 billion. NRG Energy had a positive return on equity of 9.46% and a negative net margin of 19.56%. equities research analysts expect that NRG Energy will post 2.76 EPS for the current year.
NRG Energy announced that its board has approved a stock buyback plan on Thursday, March 1st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the utilities provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.
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About NRG Energy
NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. The company is involved in the generation of electricity using fossil fuel and nuclear sources. The company provides electricity to 2.9 million residential, commercial, and industrial consumers; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; and carbon management and specialty services.
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