Robeco Institutional Asset Management B.V. maintained its stake in shares of NRG Energy Inc. (NYSE:NRG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,204 shares of the company’s stock at the end of the second quarter. Robeco Institutional Asset Management B.V.’s holdings in NRG Energy were worth $211,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of NRG Energy during the fourth quarter worth approximately $33,472,000. Commonwealth Equity Services Inc raised its stake in shares of NRG Energy by 1.0% in the first quarter. Commonwealth Equity Services Inc now owns 34,382 shares of the company’s stock worth $447,000 after buying an additional 342 shares in the last quarter. Aperio Group LLC raised its stake in shares of NRG Energy by 29.2% in the first quarter. Aperio Group LLC now owns 309,450 shares of the company’s stock worth $4,026,000 after buying an additional 69,994 shares in the last quarter. Nisa Investment Advisors L.L.C. raised its stake in shares of NRG Energy by 291.9% in the first quarter. Nisa Investment Advisors L.L.C. now owns 121,100 shares of the company’s stock worth $1,576,000 after buying an additional 90,200 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of NRG Energy by 2.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 235,977 shares of the company’s stock worth $3,070,000 after buying an additional 6,560 shares in the last quarter. 96.18% of the stock is currently owned by hedge funds and other institutional investors.
NRG Energy Inc. (NYSE:NRG) traded up 0.99% on Friday, reaching $11.21. 4,397,911 shares of the company traded hands. The stock’s market capitalization is $3.53 billion. The firm has a 50 day moving average of $11.89 and a 200-day moving average of $13.88. NRG Energy Inc. has a one year low of $8.80 and a one year high of $18.32.
NRG Energy (NYSE:NRG) last issued its earnings results on Tuesday, August 9th. The company reported ($0.61) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.76. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $3.54 billion. NRG Energy had a positive return on equity of 3.12% and a negative net margin of 48.33%. The firm’s revenue was down 22.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.06) EPS. On average, analysts anticipate that NRG Energy Inc. will post $0.96 EPS for the current year.
NRG has been the topic of a number of research analyst reports. Citigroup Inc. reissued a “sell” rating and set a $14.00 price objective (up previously from $13.00) on shares of NRG Energy in a report on Friday, June 10th. Zacks Investment Research raised shares of NRG Energy from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Wednesday, July 20th. Barclays PLC reduced their target price on shares of NRG Energy from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 10th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $21.00 target price on shares of NRG Energy in a research note on Wednesday, August 10th. Finally, TheStreet lowered shares of NRG Energy from a “hold” rating to a “sell” rating in a research note on Thursday, September 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.82.
NRG Energy Company Profile
NRG Energy, Inc (NRG) is an integrated power company that produces, sells and delivers energy, and energy products and services in various power markets in the United States. The Company’s segments include NRG Business, which includes power generation, the carbon capture business and energy services; NRG Home, which includes NRG Home Retail, which consists of residential retail services and products, and NRG Home Solar, which includes the installation and leasing of residential solar services; NRG Renew, which includes solar and wind assets, excluding those in the NRG Yield and NRG Home Solar segments; NRG Yield, and corporate activities.
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