Mason Street Advisors LLC bought a new stake in NRG Energy Inc. (NYSE:NRG) during the second quarter, Holdings Channel reports. The firm bought 42,416 shares of the company’s stock, valued at approximately $636,000.
Other large investors have also recently bought and sold shares of the company. Calvert Investment Management Inc. raised its position in shares of NRG Energy by 0.4% in the second quarter. Calvert Investment Management Inc. now owns 73,592 shares of the company’s stock valued at $1,103,000 after buying an additional 268 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of NRG Energy by 5.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,455,653 shares of the company’s stock valued at $21,821,000 after buying an additional 70,820 shares during the period. Virtu Financial LLC acquired a new position in shares of NRG Energy during the second quarter valued at about $177,000. Amalgamated Bank raised its position in shares of NRG Energy by 284.6% in the second quarter. Amalgamated Bank now owns 43,260 shares of the company’s stock valued at $561,000 after buying an additional 32,011 shares during the period. Finally, Legal & General Group Plc raised its position in shares of NRG Energy by 2.9% in the second quarter. Legal & General Group Plc now owns 1,818,444 shares of the company’s stock valued at $27,244,000 after buying an additional 50,942 shares during the period. 96.18% of the stock is currently owned by institutional investors and hedge funds.
NRG Energy Inc. (NYSE:NRG) opened at 11.21 on Monday. The company’s market capitalization is $3.53 billion. The firm’s 50-day moving average is $11.89 and its 200-day moving average is $13.88. NRG Energy Inc. has a 52-week low of $8.80 and a 52-week high of $18.32.
NRG Energy (NYSE:NRG) last released its quarterly earnings results on Tuesday, August 9th. The company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by $0.76. The company earned $2.64 billion during the quarter, compared to analysts’ expectations of $3.54 billion. NRG Energy had a negative net margin of 48.33% and a positive return on equity of 3.12%. The company’s quarterly revenue was down 22.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.06) earnings per share. On average, equities research analysts forecast that NRG Energy Inc. will post $0.96 EPS for the current year.
A number of analysts recently weighed in on the stock. Citigroup Inc. reiterated a “sell” rating and issued a $14.00 price target (up from $13.00) on shares of NRG Energy in a research report on Friday, June 10th. Zacks Investment Research downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research report on Thursday, July 21st. Deutsche Bank AG restated a “buy” rating and set a $21.00 target price on shares of NRG Energy in a report on Wednesday, August 10th. Barclays PLC dropped their target price on shares of NRG Energy from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, August 10th. Finally, TheStreet downgraded shares of NRG Energy from a “hold” rating to a “sell” rating in a report 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. The company currently has an average rating of “Hold” and an average target price 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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