First Trust Advisors LP reduced its position in shares of NRG Energy Inc. (NYSE:NRG) by 99.1% during the second quarter, Holdings Channel reports. The fund owned 58,062 shares of the company’s stock after selling 6,121,452 shares during the period. First Trust Advisors LP’s holdings in NRG Energy were worth $870,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of NRG. Geode Capital Management LLC increased its stake in NRG Energy by 1.0% in the first quarter. Geode Capital Management LLC now owns 2,562,516 shares of the company’s stock valued at $33,269,000 after buying an additional 26,194 shares during the last quarter. BlackRock Fund Advisors increased its stake in NRG Energy by 1.9% in the first quarter. BlackRock Fund Advisors now owns 5,196,524 shares of the company’s stock valued at $67,607,000 after buying an additional 96,569 shares during the last quarter. Alps Advisors Inc. increased its stake in NRG Energy by 11.0% in the second quarter. Alps Advisors Inc. now owns 1,764,731 shares of the company’s stock valued at $26,453,000 after buying an additional 174,985 shares during the last quarter. M&T Bank Corp bought a new stake in NRG Energy during the first quarter valued at about $202,000. Finally, Renaissance Technologies LLC increased its stake in NRG Energy by 387.0% in the first quarter. Renaissance Technologies LLC now owns 2,470,716 shares of the company’s stock valued at $32,144,000 after buying an additional 1,963,400 shares during the last quarter. 96.18% of the stock is owned by institutional investors.
NRG Energy Inc. (NYSE:NRG) traded up 1.91% during mid-day trading on Friday, hitting $11.18. The stock had a trading volume of 2,611,980 shares. NRG Energy Inc. has a 12 month low of $8.80 and a 12 month high of $18.32. The company’s market cap is $3.52 billion. The firm’s 50-day moving average is $11.72 and its 200 day moving average is $13.80.
NRG Energy (NYSE:NRG) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of $0.15 by $0.76. NRG Energy had a negative net margin of 48.33% and a positive return on equity of 3.12%. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same period last year, the company earned ($0.06) EPS. The firm’s revenue for the quarter was down 22.4% on a year-over-year basis. Equities analysts anticipate that NRG Energy Inc. will post $0.96 EPS for the current fiscal year.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded NRG Energy from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Wednesday, July 20th. Citigroup Inc. dropped their target price on NRG Energy from $14.00 to $11.00 and set a “sell” rating on the stock in a report on Monday, September 12th. Deutsche Bank AG reiterated a “buy” rating and issued a $21.00 target price on shares of NRG Energy in a report on Wednesday, August 10th. TheStreet downgraded NRG Energy from a “hold” rating to a “sell” rating in a report on Thursday, September 8th. Finally, Barclays PLC dropped their target price on NRG Energy from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, August 10th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. NRG Energy currently has a consensus 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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