NRG Energy, Inc. (NRG) Stake Lessened by Seven Eight Capital LP
Seven Eight Capital LP cut its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 78.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,032 shares of the utilities provider’s stock after selling 55,100 shares during the period. Seven Eight Capital LP’s holdings in NRG Energy were worth $259,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Ameritas Investment Partners Inc. acquired a new stake in shares of NRG Energy during the first quarter worth $141,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of NRG Energy during the second quarter worth $186,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of NRG Energy during the first quarter worth $194,000. Ballentine Partners LLC acquired a new stake in shares of NRG Energy during the second quarter worth $209,000. Finally, LS Investment Advisors LLC raised its position in shares of NRG Energy by 13.8% during the second quarter. LS Investment Advisors LLC now owns 12,232 shares of the utilities provider’s stock worth $211,000 after purchasing an additional 1,483 shares during the period. 91.64% of the stock is currently owned by institutional investors.
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A number of equities research analysts have recently 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 reaffirmed an “overweight” rating and set 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 started coverage on NRG Energy in a research report on Thursday, June 1st. They set a “buy” rating and a $20.00 price target on the stock. One research 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. NRG Energy has an average rating of “Buy” and a consensus price target of $22.25.
NRG Energy, Inc. (NYSE NRG) opened at 23.84 on Tuesday. The company’s 50-day moving average price is $24.59 and its 200 day moving average price is $19.58. The firm’s market capitalization is $7.54 billion. NRG Energy, Inc. has a 52-week low of $9.84 and a 52-week high of $26.25.
NRG Energy (NYSE:NRG) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.31. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $3.19 billion. NRG Energy had a positive return on equity of 12.38% and a negative net margin of 10.67%. The firm’s revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.61) EPS. Equities analysts predict that NRG Energy, Inc. will post $0.28 earnings per share for the current fiscal year.
NRG Energy 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.
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