Federated Investors Inc. PA increased its position in shares of NRG Energy, Inc. (NYSE:NRG) by 158.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 55,857 shares of the utilities provider’s stock after buying an additional 34,244 shares during the quarter. Federated Investors Inc. PA’s holdings in NRG Energy were worth $962,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. ING Groep NV raised its position in shares of NRG Energy by 0.4% during the 2nd quarter. ING Groep NV now owns 16,178 shares of the utilities provider’s stock valued at $279,000 after buying an additional 65 shares during the period. Contravisory Investment Management Inc. raised its position in NRG Energy by 0.7% in the second quarter. Contravisory Investment Management Inc. now owns 15,118 shares of the utilities provider’s stock valued at $260,000 after purchasing an additional 110 shares during the period. Arizona State Retirement System raised its position in NRG Energy by 0.3% in the first quarter. Arizona State Retirement System now owns 78,200 shares of the utilities provider’s stock valued at $1,462,000 after purchasing an additional 200 shares during the period. Louisiana State Employees Retirement System raised its position in NRG Energy by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 19,600 shares of the utilities provider’s stock valued at $338,000 after purchasing an additional 200 shares during the period. Finally, Advantus Capital Management Inc raised its position in NRG Energy by 0.7% in the first quarter. Advantus Capital Management Inc now owns 31,618 shares of the utilities provider’s stock valued at $591,000 after purchasing an additional 215 shares during the period. 91.65% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NRG Energy, Inc. (NYSE NRG) opened at 22.93 on Friday. The stock’s market cap is $7.26 billion. NRG Energy, Inc. has a 52-week low of $9.84 and a 52-week high of $26.25. The stock’s 50 day moving average price is $24.63 and its 200-day moving average price is $19.49.

NRG Energy (NYSE:NRG) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.31. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $3.19 billion. NRG Energy had a negative net margin of 10.67% and a positive return on equity of 12.38%. NRG Energy’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.61) EPS. On average, analysts predict that NRG Energy, Inc. will post $0.28 earnings per share for the current fiscal year.

A number of analysts have issued reports on the company. BidaskClub raised NRG Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. Zacks Investment Research raised NRG Energy from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Tuesday, September 12th. Barclays PLC reissued an “overweight” rating and issued a $27.00 target price on shares of NRG Energy in a research report on Thursday, July 13th. They noted that the move was a valuation call. ValuEngine raised NRG Energy from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Finally, Williams Capital assumed coverage on NRG Energy in a research report on Thursday, June 1st. They issued a “buy” rating and a $20.00 target price on the stock. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. NRG Energy presently has an average rating of “Buy” and a consensus price target of $22.25.

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NRG Energy Company Profile

NRG Energy, Inc (NRG) is an integrated power company. The Company is engaged in producing, selling and delivering electricity and related products and services in various markets in the United States. The Company’s segments include Generation, Retail, Renewables, NRG Yield, Inc (NRG Yield) and Corporate activities.

Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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