Advisory Services Network LLC Has $220,000 Position in NRG Energy, Inc. (NYSE:NRG)

Advisory Services Network LLC reduced its stake in NRG Energy, Inc. (NYSE:NRG) by 48.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,375 shares of the utilities provider’s stock after selling 4,997 shares during the period. Advisory Services Network LLC’s holdings in NRG Energy were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in NRG Energy by 12.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 45,214 shares of the utilities provider’s stock worth $1,822,000 after buying an additional 5,170 shares during the period. Rockefeller Capital Management L.P. lifted its position in shares of NRG Energy by 8.8% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 4,755 shares of the utilities provider’s stock worth $190,000 after purchasing an additional 386 shares during the period. Van ECK Associates Corp acquired a new position in shares of NRG Energy in the 2nd quarter worth approximately $26,000. Toronto Dominion Bank lifted its position in shares of NRG Energy by 3.3% in the 2nd quarter. Toronto Dominion Bank now owns 141,802 shares of the utilities provider’s stock worth $5,715,000 after purchasing an additional 4,595 shares during the period. Finally, Cibc World Markets Corp lifted its position in shares of NRG Energy by 357.0% in the 2nd quarter. Cibc World Markets Corp now owns 106,614 shares of the utilities provider’s stock worth $4,297,000 after purchasing an additional 83,287 shares during the period. Institutional investors own 97.07% of the company’s stock.

NYSE:NRG opened at $40.89 on Friday. The company has a fifty day moving average of $39.04 and a 200-day moving average of $40.94. The firm has a market capitalization of $10.01 billion, a P/E ratio of 4.10, a P/E/G ratio of 0.14 and a beta of 0.89. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 1.95. NRG Energy, Inc. has a twelve month low of $31.94 and a twelve month high of $46.10.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Thursday, November 4th. The utilities provider reported $6.60 EPS for the quarter, beating the Zacks’ consensus estimate of $2.08 by $4.52. The business had revenue of $6.61 billion during the quarter, compared to analyst estimates of $3.85 billion. NRG Energy had a net margin of 11.11% and a return on equity of 80.94%. NRG Energy’s quarterly revenue was up 135.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.02 EPS. On average, analysts anticipate that NRG Energy, Inc. will post 5.73 EPS for the current fiscal year.

NRG Energy declared that its board has initiated a share buyback program on Monday, December 6th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the utilities provider to repurchase up to 10.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Separately, UBS Group lowered shares of NRG Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $44.00 to $42.00 in a research note on Wednesday, January 5th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $48.83.

In other NRG Energy news, VP Elizabeth R. Killinger sold 33,000 shares of the business’s stock in a transaction on Monday, January 3rd. The shares were sold at an average price of $42.53, for a total transaction of $1,403,490.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher Moser purchased 1,911 shares of the firm’s stock in a transaction on Monday, November 22nd. The shares were acquired at an average price of $36.63 per share, with a total value of $69,999.93. The disclosure for this purchase can be found here. Insiders own 0.83% of the company’s stock.

About NRG Energy

NRG Energy, Inc engages in the production, sale, and distribution of energy and energy services. It operates through the following segments: Generation, Retail, and Corporate. The Generation segment includes all power plant activities, domestic and international, as well as renewables. The Retail segment includes mass customers and business solutions, and other distributed and reliability products.

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Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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