DekaBank Deutsche Girozentrale lowered its position in NRG Energy, Inc. (NYSE:NRG – Get Rating) by 25.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,785 shares of the utilities provider’s stock after selling 27,910 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in NRG Energy were worth $2,553,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. AIA Group Ltd grew its stake in NRG Energy by 50.9% in the fourth quarter. AIA Group Ltd now owns 4,212 shares of the utilities provider’s stock valued at $134,000 after purchasing an additional 1,420 shares in the last quarter. Kestra Advisory Services LLC grew its stake in NRG Energy by 3.7% in the fourth quarter. Kestra Advisory Services LLC now owns 16,856 shares of the utilities provider’s stock valued at $536,000 after purchasing an additional 595 shares in the last quarter. AE Wealth Management LLC boosted its stake in shares of NRG Energy by 25.7% during the 4th quarter. AE Wealth Management LLC now owns 377,147 shares of the utilities provider’s stock worth $12,001,000 after acquiring an additional 77,117 shares in the last quarter. United Capital Management of KS Inc. boosted its stake in shares of NRG Energy by 0.9% during the 4th quarter. United Capital Management of KS Inc. now owns 46,114 shares of the utilities provider’s stock worth $1,467,000 after acquiring an additional 423 shares in the last quarter. Finally, Islay Capital Management LLC boosted its stake in shares of NRG Energy by 30.4% during the 4th quarter. Islay Capital Management LLC now owns 10,255 shares of the utilities provider’s stock worth $326,000 after acquiring an additional 2,388 shares in the last quarter. Hedge funds and other institutional investors own 99.98% of the company’s stock.
NRG Energy Price Performance
NYSE NRG opened at $34.57 on Friday. NRG Energy, Inc. has a twelve month low of $30.25 and a twelve month high of $47.82. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.19 and a current ratio of 1.25. The stock has a market capitalization of $8.03 billion, a PE ratio of 6.83, a P/E/G ratio of 1.18 and a beta of 1.03. The stock has a 50-day simple moving average of $33.65 and a 200 day simple moving average of $36.15.
Analyst Ratings Changes
Several analysts have recently issued reports on the company. TheStreet downgraded NRG Energy from a “b-” rating to a “c” rating in a research note on Thursday, February 16th. Bank of America upgraded NRG Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $35.00 to $36.00 in a research note on Monday, March 20th. Morgan Stanley upped their price target on NRG Energy from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, StockNews.com initiated coverage on NRG Energy in a research note on Thursday, March 16th. They set a “sell” rating for the company. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, NRG Energy has an average rating of “Hold” and a consensus price target of $41.25.
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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