Janus Henderson Group PLC lifted its stake in NRG Energy, Inc. (NYSE:NRG) by 42,970.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,517,278 shares of the utilities provider’s stock after purchasing an additional 5,504,468 shares during the period. Janus Henderson Group PLC owned about 1.74% of NRG Energy worth $95,007,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. ING Groep NV grew its holdings in shares of NRG Energy by 0.4% in the second quarter. ING Groep NV now owns 16,178 shares of the utilities provider’s stock worth $279,000 after purchasing an additional 65 shares during the last quarter. Contravisory Investment Management Inc. grew its holdings in shares of NRG Energy by 0.7% in the second quarter. Contravisory Investment Management Inc. now owns 15,118 shares of the utilities provider’s stock worth $260,000 after purchasing an additional 110 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of NRG Energy by 0.3% in the first quarter. Arizona State Retirement System now owns 78,200 shares of the utilities provider’s stock worth $1,462,000 after purchasing an additional 200 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of 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 worth $338,000 after purchasing an additional 200 shares during the last quarter. Finally, Advantus Capital Management Inc grew its holdings in shares of NRG Energy by 0.7% in the first quarter. Advantus Capital Management Inc now owns 31,618 shares of the utilities provider’s stock worth $591,000 after purchasing an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

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NRG Energy, Inc. (NYSE NRG) opened at 25.69 on Wednesday. The stock has a 50 day moving average of $24.65 and a 200-day moving average of $20.42. NRG Energy, Inc. has a 12-month low of $9.84 and a 12-month high of $26.25. The company’s market capitalization is $8.13 billion.

NRG Energy (NYSE:NRG) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.31. The company had revenue of $2.70 billion during 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%. NRG Energy’s revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.61) EPS. Equities analysts expect that NRG Energy, Inc. will post $0.34 earnings per share for the current year.

NRG has been the topic of a number of research analyst reports. BidaskClub upgraded shares of NRG Energy from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Barclays PLC restated an “overweight” rating and issued a $27.00 price target on shares of NRG Energy in a report on Thursday, July 13th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Tuesday, September 12th. Finally, ValuEngine upgraded shares of NRG Energy from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $22.25.

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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