Convergence Investment Partners LLC Sells 5,381 Shares of NRG Energy, Inc. $NRG

Convergence Investment Partners LLC trimmed its position in shares of NRG Energy, Inc. (NYSE:NRG) by 27.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,076 shares of the utilities provider’s stock after selling 5,381 shares during the quarter. Convergence Investment Partners LLC’s holdings in NRG Energy were worth $2,057,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. MV Capital Management Inc. purchased a new position in shares of NRG Energy during the 4th quarter worth about $27,000. Motiv8 Investments LLC purchased a new stake in NRG Energy in the 4th quarter worth about $27,000. Core Wealth Advisors LLC bought a new stake in NRG Energy in the fourth quarter worth about $28,000. EMC Capital Management bought a new stake in NRG Energy in the fourth quarter worth about $30,000. Finally, SHP Wealth Management purchased a new position in shares of NRG Energy during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Insider Buying and Selling at NRG Energy

In other NRG Energy news, VP Virginia Kinney sold 20,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $127.52, for a total value of $2,550,400.00. Following the completion of the sale, the vice president directly owned 45,111 shares in the company, valued at approximately $5,752,554.72. This represents a 30.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NRG. Barclays reduced their price target on NRG Energy from $203.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Wells Fargo & Company boosted their price objective on NRG Energy from $203.00 to $209.00 and gave the company an “overweight” rating in a report on Thursday. Morgan Stanley set a $165.00 price objective on NRG Energy in a research report on Wednesday, June 24th. Raymond James Financial set a $210.00 target price on NRG Energy in a research note on Monday, April 27th. Finally, Scotiabank lifted their target price on NRG Energy from $223.00 to $226.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $199.93.

NRG Energy Stock Performance

Shares of NYSE:NRG opened at $130.74 on Tuesday. The firm’s 50 day simple moving average is $135.18 and its 200-day simple moving average is $149.37. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.78 and a current ratio of 0.84. NRG Energy, Inc. has a one year low of $120.11 and a one year high of $189.96. The firm has a market cap of $27.58 billion, a PE ratio of 153.81 and a beta of 1.21.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.30). The firm had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $8.43 billion. NRG Energy had a net margin of 0.74% and a return on equity of 70.67%. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.68 EPS. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, equities analysts predict that NRG Energy, Inc. will post 8.89 EPS for the current year.

NRG Energy Company Profile

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.