PNC Financial Services Group Inc. Acquires 1,106 Shares of NRG Energy Inc (NYSE:NRG)

PNC Financial Services Group Inc. grew its holdings in NRG Energy Inc (NYSE:NRG) by 4.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,558 shares of the utilities provider’s stock after purchasing an additional […]

PNC Financial Services Group Inc. grew its holdings in NRG Energy Inc (NYSE:NRG) by 4.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,558 shares of the utilities provider’s stock after purchasing an additional 1,106 shares during the period. PNC Financial Services Group Inc.’s holdings in NRG Energy were worth $766,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hoover Financial Advisors Inc. purchased a new position in shares of NRG Energy in the second quarter valued at about $33,000. First Mercantile Trust Co. purchased a new position in shares of NRG Energy in the second quarter valued at about $33,000. Smithfield Trust Co. lifted its position in shares of NRG Energy by 58.4% in the second quarter. Smithfield Trust Co. now owns 990 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 365 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of NRG Energy by 216.3% in the second quarter. Orion Portfolio Solutions LLC now owns 1,028 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 703 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of NRG Energy by 95.5% in the first quarter. Rockefeller Capital Management L.P. now owns 1,314 shares of the utilities provider’s stock worth $36,000 after buying an additional 642 shares in the last quarter. 97.35% of the stock is owned by institutional investors.

A number of equities research analysts recently commented on the company. Morgan Stanley decreased their target price on NRG Energy from $53.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, August 14th. Bank of America boosted their price objective on NRG Energy from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Finally, ValuEngine cut NRG Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, August 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $39.78.

NRG opened at $29.52 on Monday. The stock has a market cap of $7.21 billion, a price-to-earnings ratio of 1.84, a P/E/G ratio of 0.14 and a beta of 0.99. The stock’s 50 day moving average price is $33.17 and its 200-day moving average price is $32.39. NRG Energy Inc has a one year low of $19.54 and a one year high of $41.78. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.25 and a current ratio of 1.43.

NRG Energy (NYSE:NRG) last released its earnings results on Thursday, August 6th. The utilities provider reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.26). The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.81 billion. NRG Energy had a net margin of 44.34% and a return on equity of 130.12%. The company’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.70 EPS. As a group, analysts predict that NRG Energy Inc will post 5.45 earnings per share for the current fiscal 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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