Metropolitan Life Insurance Co. NY reduced its holdings in shares of NRG Energy Inc (NYSE:NRG) by 3.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,012 shares of the utilities provider’s stock after selling 3,966 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in NRG Energy were worth $3,285,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the stock. State of Alaska Department of Revenue grew its holdings in shares of NRG Energy by 3.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 51,390 shares of the utilities provider’s stock valued at $1,576,000 after purchasing an additional 1,840 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in NRG Energy by 29.0% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,442 shares of the utilities provider’s stock worth $258,000 after acquiring an additional 1,898 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of NRG Energy by 18.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 12,214 shares of the utilities provider’s stock worth $375,000 after purchasing an additional 1,900 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of NRG Energy by 4.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 46,752 shares of the utilities provider’s stock worth $1,435,000 after purchasing an additional 1,954 shares during the period. Finally, Dorsey Wright & Associates lifted its position in shares of NRG Energy by 1.5% in the 2nd quarter. Dorsey Wright & Associates now owns 136,276 shares of the utilities provider’s stock worth $4,184,000 after purchasing an additional 2,008 shares during the period. Institutional investors own 98.90% of the company’s stock.
In related news, EVP Elizabeth R. Killinger sold 24,600 shares of NRG Energy stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $35.84, for a total transaction of $881,664.00. Following the completion of the transaction, the executive vice president now directly owns 106,125 shares of the company’s stock, valued at approximately $3,803,520. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP David Callen sold 9,200 shares of NRG Energy stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $33.21, for a total transaction of $305,532.00. Following the transaction, the senior vice president now directly owns 39,759 shares of the company’s stock, valued at $1,320,396.39. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,975 shares of company stock valued at $3,265,286. 0.38% of the stock is currently owned by corporate insiders.
NYSE:NRG opened at $36.24 on Friday. NRG Energy Inc has a 12 month low of $22.90 and a 12 month high of $36.67. The company has a debt-to-equity ratio of 7.16, a current ratio of 1.30 and a quick ratio of 1.17. The stock has a market capitalization of $10.85 billion, a PE ratio of 15.55 and a beta of 1.07.
NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.55). NRG Energy had a negative net margin of 9.30% and a positive return on equity of 29.44%. The business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same period last year, the business earned $0.36 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis. research analysts forecast that NRG Energy Inc will post 4.14 earnings per share for the current year.
NRG Energy Profile
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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