NRG Energy, Inc. (NRG) Shares Sold by Numeric Investors LLC
Numeric Investors LLC lessened its position in shares of NRG Energy, Inc. (NYSE:NRG) by 25.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 91,100 shares of the utilities provider’s stock after selling 31,100 shares during the quarter. Numeric Investors LLC’s holdings in NRG Energy were worth $1,569,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of NRG. First Trust Advisors LP grew its stake in NRG Energy by 142.9% during the 1st quarter. First Trust Advisors LP now owns 111,627 shares of the utilities provider’s stock valued at $2,087,000 after purchasing an additional 65,670 shares during the last quarter. Comerica Bank grew its stake in NRG Energy by 0.5% during the 1st quarter. Comerica Bank now owns 78,653 shares of the utilities provider’s stock valued at $1,324,000 after purchasing an additional 390 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in NRG Energy by 8.8% during the 1st quarter. Mutual of America Capital Management LLC now owns 45,243 shares of the utilities provider’s stock valued at $846,000 after purchasing an additional 3,676 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in NRG Energy during the 1st quarter valued at about $141,000. Finally, Mason Street Advisors LLC grew its stake in NRG Energy by 1.2% during the 1st quarter. Mason Street Advisors LLC now owns 43,665 shares of the utilities provider’s stock valued at $817,000 after purchasing an additional 515 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.
NRG Energy, Inc. (NRG) opened at 25.49 on Monday. The firm’s market cap is $8.07 billion. The firm’s 50 day moving average price is $24.65 and its 200-day moving average price is $20.28. NRG Energy, Inc. has a one year low of $9.84 and a one year high of $26.25.
NRG Energy (NYSE:NRG) last announced its quarterly earnings results 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 analyst estimates of $3.19 billion. NRG Energy had a positive return on equity of 12.38% and a negative net margin of 10.67%. The company’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.61) EPS. Equities analysts predict that NRG Energy, Inc. will post $0.34 EPS for the current fiscal year.
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Several analysts have weighed in on the company. BidaskClub upgraded NRG Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. ValuEngine upgraded NRG Energy from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Zacks Investment Research upgraded NRG Energy from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Tuesday, July 11th. Finally, Barclays PLC restated an “overweight” rating and issued a $27.00 target price on shares of NRG Energy in a research note on Thursday, July 13th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $22.25.
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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