Alps Advisors Inc. boosted its stake in shares of NRG Energy Inc. (NYSE:NRG) by 11.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,764,731 shares of the company’s stock after buying an additional 174,985 shares during the period. Alps Advisors Inc.’s holdings in NRG Energy were worth $26,453,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Franklin Resources Inc. increased its stake in NRG Energy by 2.2% in the first quarter. Franklin Resources Inc. now owns 23,236,127 shares of the company’s stock valued at $302,302,000 after buying an additional 497,027 shares in the last quarter. State Street Corp increased its stake in NRG Energy by 3.1% in the first quarter. State Street Corp now owns 16,592,406 shares of the company’s stock valued at $215,863,000 after buying an additional 504,462 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in NRG Energy by 6.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 9,322,483 shares of the company’s stock valued at $121,286,000 after buying an additional 540,127 shares in 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 in the last quarter. Finally, Norges Bank purchased a new stake in NRG Energy during the fourth quarter valued at about $33,472,000. Hedge funds and other institutional investors own 96.18% of the company’s stock.
NRG Energy Inc. (NYSE:NRG) traded down 0.97% on Tuesday, hitting $11.19. The stock had a trading volume of 3,556,134 shares. The company’s 50 day moving average is $12.09 and its 200 day moving average is $13.95. The firm’s market cap is $3.53 billion. NRG Energy Inc. has a 12-month low of $8.80 and a 12-month high of $18.32.
NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Tuesday, August 9th. The company reported ($0.61) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.76. The firm 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 business’s quarterly revenue was down 22.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.06) EPS. On average, equities research analysts expect that NRG Energy Inc. will post $0.96 EPS for the current fiscal year.
NRG has been the topic of several research analyst reports. Barclays PLC cut their price objective on NRG Energy from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, August 10th. Zacks Investment Research downgraded NRG Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 21st. Citigroup Inc. restated a “sell” rating and set a $14.00 price target (up previously from $13.00) on shares of NRG Energy in a report on Friday, June 10th. TheStreet downgraded NRG Energy from a “hold” rating to a “sell” rating in a report on Thursday, September 8th. Finally, Deutsche Bank AG restated a “buy” rating and set a $21.00 price target on shares of NRG Energy 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. The stock 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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