Voya Investment Management LLC lessened its holdings in shares of NRG Energy Inc (NYSE:NRG) by 10.6% in the second quarter, HoldingsChannel.com reports. The firm owned 142,333 shares of the utilities provider’s stock after selling 16,963 shares during the period. Voya Investment Management LLC’s holdings in NRG Energy were worth $4,369,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the business. State of Alaska Department of Revenue boosted its position in NRG Energy by 3.7% during the second quarter. State of Alaska Department of Revenue now owns 51,390 shares of the utilities provider’s stock worth $1,576,000 after purchasing an additional 1,840 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in NRG Energy by 29.0% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,442 shares of the utilities provider’s stock worth $258,000 after purchasing an additional 1,898 shares during the period. Commonwealth Equity Services LLC boosted its position in NRG Energy by 18.4% during the second quarter. Commonwealth Equity Services LLC now owns 12,214 shares of the utilities provider’s stock worth $375,000 after purchasing an additional 1,900 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in NRG Energy by 4.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 46,752 shares of the utilities provider’s stock worth $1,435,000 after purchasing an additional 1,954 shares during the period. Finally, Dorsey Wright & Associates boosted its position in NRG Energy by 1.5% during the second quarter. Dorsey Wright & Associates now owns 136,276 shares of the utilities provider’s stock worth $4,184,000 after purchasing an additional 2,008 shares during the period. Hedge funds and other institutional investors own 98.88% of the company’s stock.

In other news, SVP David Callen sold 9,200 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $33.21, for a total value of $305,532.00. Following the completion of the transaction, the senior vice president now directly owns 39,759 shares in the company, valued at $1,320,396.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Elizabeth R. Killinger sold 24,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $35.84, for a total transaction of $881,664.00. Following the completion of the transaction, the executive vice president now owns 106,125 shares of the company’s stock, valued at $3,803,520. The disclosure for this sale can be found here. Insiders sold 92,975 shares of company stock valued at $3,265,286 over the last 90 days. 0.38% of the stock is owned by company insiders.

A number of brokerages have weighed in on NRG. Bank of America increased their target price on shares of NRG Energy from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday. Citigroup upgraded shares of NRG Energy from a “neutral” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Monday, August 6th. Zacks Investment Research lowered shares of NRG Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 26th. Finally, Macquarie increased their target price on shares of NRG Energy from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, September 20th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. NRG Energy currently has an average rating of “Buy” and a consensus target price of $37.00.

NRG stock opened at $36.45 on Friday. The company has a debt-to-equity ratio of 7.16, a current ratio of 1.30 and a quick ratio of 1.17. NRG Energy Inc has a 12 month low of $23.75 and a 12 month high of $36.67. The company has a market capitalization of $10.86 billion, a PE ratio of 33.44 and a beta of 1.07.

NRG Energy (NYSE:NRG) last released its quarterly earnings data on Thursday, August 2nd. The utilities provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.55). NRG Energy had a negative net margin of 9.30% and a positive return on equity of 29.44%. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter last year, the business posted $0.36 earnings per share. NRG Energy’s revenue was up 8.2% compared to the same quarter last year. equities research analysts predict that NRG Energy Inc will post 4.14 EPS for the current year.

NRG Energy Profile

NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. The company is involved in the generation of electricity using fossil fuel and nuclear sources. The company provides electricity to 2.9 million residential, commercial, and industrial consumers; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; and carbon management and specialty services.

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

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