Washington Trust Bank decreased its holdings in shares of NRG Energy Inc (NYSE:NRG) by 8.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,076 shares of the utilities provider’s stock after selling 11,465 shares during the quarter. Washington Trust Bank’s holdings in NRG Energy were worth $3,932,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in NRG. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of 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 buying an additional 1,898 shares in the last quarter. IFP Advisors Inc raised its stake in NRG Energy by 112.2% in the first quarter. IFP Advisors Inc now owns 4,352 shares of the utilities provider’s stock valued at $133,000 after purchasing an additional 2,301 shares in the last quarter. Levin Capital Strategies L.P. raised its stake in NRG Energy by 5.3% in the first quarter. Levin Capital Strategies L.P. now owns 49,626 shares of the utilities provider’s stock valued at $1,515,000 after purchasing an additional 2,500 shares in the last quarter. Stifel Financial Corp raised its stake in NRG Energy by 7.8% in the first quarter. Stifel Financial Corp now owns 35,007 shares of the utilities provider’s stock valued at $1,067,000 after purchasing an additional 2,528 shares in the last quarter. Finally, GWM Advisors LLC raised its stake in NRG Energy by 6.1% in the first quarter. GWM Advisors LLC now owns 50,128 shares of the utilities provider’s stock valued at $1,521,000 after purchasing an additional 2,866 shares in the last quarter. 97.31% of the stock is owned by institutional investors and hedge funds.

NRG Energy traded down $0.41, reaching $30.56, during midday trading on Tuesday, MarketBeat Ratings reports. The company had a trading volume of 134,162 shares, compared to its average volume of 5,826,025. NRG Energy Inc has a 1-year low of $15.95 and a 1-year high of $35.17. The company has a quick ratio of 1.09, a current ratio of 1.23 and a debt-to-equity ratio of 6.82. The company has a market cap of $9.67 billion, a PE ratio of 28.41 and a beta of 0.99.

NRG Energy (NYSE:NRG) last released its earnings results on Thursday, May 3rd. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.73. NRG Energy had a positive return on equity of 26.42% and a negative net margin of 16.04%. The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.08 billion. The business’s quarterly revenue was up 1.6% on a year-over-year basis. analysts anticipate that NRG Energy Inc will post 3.29 EPS for the current fiscal year.

A number of research analysts recently commented on NRG shares. UBS Group boosted their price target on NRG Energy from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, March 28th. SunTrust Banks reaffirmed a “hold” rating and issued a $29.00 price target on shares of NRG Energy in a research note on Thursday, March 15th. Zacks Investment Research raised NRG Energy from a “hold” rating to a “strong-buy” rating and set a $36.00 price target for the company in a research note on Tuesday, April 24th. TheStreet raised NRG Energy from a “d+” rating to a “c-” rating in a research note on Wednesday, March 21st. Finally, Bank of America started coverage on NRG Energy in a research note on Thursday, May 24th. They issued a “buy” rating and a $37.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $33.20.

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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