Metropolitan Life Insurance Co. NY lessened its position in shares of NRG Energy Inc (NYSE:NRG) by 46.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 110,581 shares of the utilities provider’s stock after selling 96,604 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in NRG Energy were worth $3,149,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Tiedemann Wealth Management LLC increased its position in NRG Energy by 49.3% during the third quarter. Tiedemann Wealth Management LLC now owns 18,199 shares of the utilities provider’s stock valued at $101,000 after acquiring an additional 6,011 shares during the last quarter. Tower Research Capital LLC TRC increased its position in NRG Energy by 3,685.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,785 shares of the utilities provider’s stock valued at $108,000 after acquiring an additional 3,685 shares during the last quarter. Invictus RG purchased a new stake in NRG Energy during the third quarter valued at $110,000. NuWave Investment Management LLC purchased a new stake in NRG Energy in the fourth quarter worth about $116,000. Finally, Itau Unibanco Holding S.A. increased its position in NRG Energy by 122.7% in the fourth quarter. Itau Unibanco Holding S.A. now owns 4,815 shares of the utilities provider’s stock worth $137,000 after buying an additional 2,653 shares in the last quarter. Institutional investors own 97.31% of the company’s stock.
NRG has been the subject of a number of analyst reports. TheStreet cut NRG Energy from a “c” rating to a “d+” rating in a research report on Thursday, March 1st. SunTrust Banks restated a “hold” rating and issued a $29.00 price target on shares of NRG Energy in a research report on Thursday, March 15th. Zacks Investment Research upgraded NRG Energy from a “sell” rating to a “hold” rating in a research report on Monday, February 12th. ValuEngine cut NRG Energy from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, UBS started coverage on NRG Energy in a research note on Friday, February 23rd. They issued a “buy” rating and a $33.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. NRG Energy currently has an average rating of “Buy” and an average target price of $27.38.
NRG Energy (NYSE:NRG) last released its quarterly earnings data on Thursday, March 1st. The utilities provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.59. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.23 billion. NRG Energy had a positive return on equity of 9.46% and a negative net margin of 19.56%. research analysts forecast that NRG Energy Inc will post 2.61 EPS for the current year.
NRG Energy declared that its board has authorized a share repurchase program on Thursday, March 1st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the utilities provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
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NRG Energy Company Profile
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.
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