ING Groep NV bought a new position in shares of NRG Energy Inc. (NYSE:NRG) during the second quarter, according to its most recent filing with the SEC. The firm bought 11,139 shares of the company’s stock, valued at approximately $167,000.
A number of other hedge funds also recently modified their holdings of the stock. Geode Capital Management LLC increased its position 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 position 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 position 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 acquired a new position in NRG Energy during the first quarter valued at about $202,000. Finally, Renaissance Technologies LLC increased its position 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. Hedge funds and other institutional investors own 96.18% of the company’s stock.
NRG Energy Inc. (NYSE:NRG) traded down 1.42% during midday trading on Friday, reaching $11.11. 5,277,036 shares of the company’s stock traded hands. The stock’s market cap is $3.50 billion. NRG Energy Inc. has a 52-week low of $8.80 and a 52-week high of $18.32. The company’s 50-day moving average price is $11.51 and its 200-day moving average price is $13.71.
NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Tuesday, August 9th. The company reported ($0.61) EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.76. The company earned $2.64 billion during the quarter, compared to the consensus estimate of $3.54 billion. NRG Energy had a positive return on equity of 3.12% and a negative net margin of 48.33%. NRG Energy’s quarterly revenue was down 22.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.06) EPS. On average, equities analysts predict that NRG Energy Inc. will post $0.96 EPS for the current fiscal year.
NRG has been the subject of several analyst reports. Citigroup Inc. dropped their price target on shares of NRG Energy from $14.00 to $11.00 and set a “sell” rating for the company in a research note on Monday, September 12th. Zacks Investment Research downgraded shares of NRG Energy from a “buy” rating to a “hold” rating in a research note on Thursday, July 21st. TheStreet downgraded shares of NRG Energy from a “hold” rating to a “sell” rating in a research note on Thursday, September 8th. 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. Finally, Barclays PLC lowered their target price on shares of NRG Energy from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Wednesday, August 10th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $16.67.
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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