Wells Fargo & Company MN increased its stake in NRG Energy Inc (NYSE:NRG) by 14.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 213,558 shares of the utilities provider’s stock after acquiring an additional 27,098 shares during the period. Wells Fargo & Company MN owned about 0.07% of NRG Energy worth $5,465,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NRG. Fieldpoint Private Securities LLC purchased a new position in NRG Energy during the 2nd quarter valued at about $112,000. Parkwood LLC purchased a new position in NRG Energy during the 3rd quarter valued at about $205,000. Thrivent Financial For Lutherans increased its holdings in NRG Energy by 4.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 12,070 shares of the utilities provider’s stock valued at $208,000 after purchasing an additional 510 shares during the period. Quantitative Systematic Strategies LLC purchased a new position in NRG Energy during the 3rd quarter valued at about $211,000. Finally, Advisor Partners LLC purchased a new position in NRG Energy during the 3rd quarter valued at about $225,000. 97.25% of the stock is owned by institutional investors.

NRG Energy Inc (NRG) opened at $28.88 on Thursday. NRG Energy Inc has a twelve month low of $12.30 and a twelve month high of $29.78. The company has a current ratio of 1.28, a quick ratio of 1.11 and a debt-to-equity ratio of 4.24. The firm has a market capitalization of $9,140.00, a P/E ratio of -11.46 and a beta of 1.29.

NRG Energy (NYSE:NRG) last posted its earnings results on Thursday, November 2nd. The utilities provider reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.51). NRG Energy had a positive return on equity of 8.82% and a negative net margin of 13.48%. The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter last year, the company posted $1.27 EPS. The firm’s revenue was down 10.9% on a year-over-year basis. sell-side analysts expect that NRG Energy Inc will post 0.56 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded NRG Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday. ValuEngine downgraded NRG Energy from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Bank of America initiated coverage on NRG Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $31.00 target price on the stock. Finally, SunTrust Banks reiterated a “hold” rating and set a $25.00 target price on shares of NRG Energy in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $24.67.

In other news, Director Barry T. Smitherman bought 2,541 shares of NRG Energy stock in a transaction on Monday, November 6th. The shares were purchased at an average price of $28.38 per share, for a total transaction of $72,113.58. Following the acquisition, the director now owns 49,000 shares of the company’s stock, valued at $1,390,620. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

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About NRG Energy

NRG Energy, Inc (NRG) is an integrated power company. The Company is engaged in producing, selling and delivering electricity and related products and services in various markets in the United States. The Company’s segments include Generation, Retail, Renewables, NRG Yield, Inc (NRG Yield) and Corporate activities.

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

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