Morgan Stanley Sells 289,388 Shares of NRG Energy Inc (NYSE:NRG)

Morgan Stanley trimmed its holdings in NRG Energy Inc (NYSE:NRG) by 28.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 730,450 shares of the utilities provider’s stock after selling 289,388 shares during the quarter. Morgan Stanley owned about 0.30% of NRG Energy worth $19,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Orion Portfolio Solutions LLC bought a new stake in NRG Energy during the fourth quarter worth about $32,000. Synovus Financial Corp lifted its holdings in shares of NRG Energy by 436.6% during the first quarter. Synovus Financial Corp now owns 1,159 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 943 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of NRG Energy by 95.5% in the 1st quarter. Rockefeller Capital Management L.P. now owns 1,314 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 642 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in shares of NRG Energy by 4,782.8% in the 1st quarter. Valeo Financial Advisors LLC now owns 1,416 shares of the utilities provider’s stock worth $42,000 after buying an additional 1,387 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new stake in shares of NRG Energy in the 1st quarter worth approximately $42,000. 98.22% of the stock is owned by institutional investors.

A number of research firms have recently commented on NRG. UBS Group cut their target price on NRG Energy from $44.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Morgan Stanley upped their price target on shares of NRG Energy from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 17th. Vertical Research upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Tuesday, March 3rd. Cfra downgraded shares of NRG Energy from a “hold” rating to a “sell” rating and dropped their target price for the stock from $37.00 to $28.00 in a research note on Thursday, May 7th. Finally, ValuEngine cut shares of NRG Energy from a “sell” rating to a “strong sell” rating in a report on Monday, June 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $40.33.

NRG opened at $32.56 on Wednesday. NRG Energy Inc has a twelve month low of $19.54 and a twelve month high of $41.78. The company has a quick ratio of 1.09, a current ratio of 1.22 and a debt-to-equity ratio of 4.09. The firm has a 50 day moving average price of $34.40 and a 200-day moving average price of $34.48. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 2.09, a PEG ratio of 0.15 and a beta of 1.09.

NRG Energy (NYSE:NRG) last announced its earnings results on Thursday, May 7th. The utilities provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.20). The company had revenue of $2.02 billion for the quarter. NRG Energy had a net margin of 42.14% and a negative return on equity of 15,555.52%. As a group, analysts expect that NRG Energy Inc will post 5.18 earnings per share for the current year.

NRG Energy Company Profile

NRG Energy, Inc, together with its subsidiaries, operates as an energy company in the United States. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.1 million residential, industrial, and commercial consumers. It generates electricity using natural gas, coal, oil, solar, nuclear, wind, fossil fuel, and nuclear sources.

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

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