LMR Partners LLP acquired a new stake in shares of NRG Energy Inc. (NYSE:NRG) during the second quarter, Holdings Channel reports. The institutional investor acquired 38,192 shares of the company’s stock, valued at approximately $573,000.
Other large investors have also recently added to or reduced their stakes in the company. BB&T Securities LLC purchased a new stake in NRG Energy during the first quarter valued at $138,000. ING Groep NV bought a new position in shares of NRG Energy during the second quarter valued at approximately $167,000. M&T Bank Corp bought a new position in shares of NRG Energy during the first quarter valued at approximately $202,000. Daiwa Securities Group Inc. increased its position in shares of NRG Energy by 78.5% in the second quarter. Daiwa Securities Group Inc. now owns 14,100 shares of the company’s stock valued at $211,000 after buying an additional 6,200 shares during the last quarter. Finally, Charter Trust Co. increased its position in shares of NRG Energy by 3.8% in the second quarter. Charter Trust Co. now owns 18,343 shares of the company’s stock valued at $275,000 after buying an additional 675 shares during the last quarter. 96.18% of the stock is currently owned by institutional investors.
Shares of NRG Energy Inc. (NYSE:NRG) traded down 3.15% during mid-day trading on Tuesday, reaching $11.06. The company had a trading volume of 3,976,949 shares. NRG Energy Inc. has a 12-month low of $8.80 and a 12-month high of $18.32. The company’s market capitalization is $3.49 billion. The firm has a 50-day moving average of $11.65 and a 200-day moving average of $13.78.
NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Tuesday, August 9th. The company reported ($0.61) earnings per share (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 business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $3.54 billion. During the same quarter in the previous year, the company earned ($0.06) earnings per share. The business’s quarterly revenue was down 22.4% on a year-over-year basis. On average, equities analysts anticipate that NRG Energy Inc. will post $0.96 earnings per share for the current fiscal year.
NRG has been the topic of several recent research reports. Barclays PLC cut 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. Zacks Investment Research downgraded NRG Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 21st. TheStreet downgraded NRG Energy from a “hold” rating to a “sell” rating in a report on Thursday, September 8th. Deutsche Bank AG reaffirmed a “buy” rating and set a $21.00 target price on shares of NRG Energy in a report on Wednesday, August 10th. Finally, Citigroup Inc. cut 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. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.67.
About NRG Energy
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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