Macquarie Group Ltd. held its stake in shares of NRG Energy Inc. (NYSE:NRG) during the second quarter, Holdings Channel reports. The firm owned 8,100 shares of the company’s stock at the end of the second quarter. Macquarie Group Ltd.’s holdings in NRG Energy were worth $121,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of NRG Energy by 23.3% in the second quarter. Vanguard Group Inc. now owns 34,317,068 shares of the company’s stock worth $514,413,000 after buying an additional 6,479,369 shares during the last quarter. State Street Corp boosted its stake in shares of NRG Energy by 3.1% in the first quarter. State Street Corp now owns 16,592,406 shares of the company’s stock worth $215,863,000 after buying an additional 504,462 shares during the last quarter. Carlson Capital L P boosted its stake in shares of NRG Energy by 19.5% in the second quarter. Carlson Capital L P now owns 12,646,138 shares of the company’s stock worth $189,566,000 after buying an additional 2,064,740 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of NRG Energy by 21.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 11,318,623 shares of the company’s stock worth $169,666,000 after buying an additional 1,996,140 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of NRG Energy by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 7,028,345 shares of the company’s stock worth $105,356,000 after buying an additional 221,668 shares during the last quarter. 96.18% of the stock is owned by institutional investors and hedge funds.
Shares of NRG Energy Inc. (NYSE:NRG) opened at 10.97 on Thursday. The firm’s 50-day moving average price is $11.76 and its 200-day moving average price is $13.82. NRG Energy Inc. has a one year low of $8.80 and a one year high of $18.32. The stock’s market capitalization is $3.46 billion.
NRG Energy (NYSE:NRG) last issued its earnings results on Tuesday, August 9th. The company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of $0.15 by $0.76. The firm earned $2.64 billion during the quarter, compared to analysts’ expectations of $3.54 billion. NRG Energy had a positive return on equity of 3.12% and a negative net margin of 48.33%. The company’s quarterly revenue was down 22.4% compared to the same quarter last year. During the same period last year, the business posted ($0.06) earnings per share. Equities research analysts anticipate that NRG Energy Inc. will post $0.96 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on NRG shares. Barclays PLC dropped their price objective on NRG Energy from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Wednesday, August 10th. Zacks Investment Research cut NRG Energy from a “buy” rating to a “hold” rating in a research note on Thursday, July 21st. Citigroup Inc. reissued a “sell” rating and set a $14.00 target price (up from $13.00) on shares of NRG Energy in a research note on Friday, June 10th. TheStreet cut NRG Energy from a “hold” rating to a “sell” rating in a research note on Thursday, September 8th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $21.00 target price on shares of NRG Energy in a research note on Wednesday, August 10th. 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 an average 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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