Wedge Capital Management L L P NC grew its position in NRG Energy Inc (NYSE:NRG) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 568,560 shares of the utilities provider’s stock after acquiring an additional 22,408 shares during the quarter. Wedge Capital Management L L P NC’s holdings in NRG Energy were worth $22,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Artemis Investment Management LLP boosted its position in shares of NRG Energy by 16.6% during the 4th quarter. Artemis Investment Management LLP now owns 795,173 shares of the utilities provider’s stock valued at $31,142,000 after acquiring an additional 113,039 shares during the last quarter. Millennium Management LLC lifted its position in NRG Energy by 797.3% during the third quarter. Millennium Management LLC now owns 2,606,311 shares of the utilities provider’s stock valued at $103,209,000 after purchasing an additional 2,315,844 shares during the last quarter. Soros Fund Management LLC grew its stake in shares of NRG Energy by 4.3% in the 3rd quarter. Soros Fund Management LLC now owns 480,000 shares of the utilities provider’s stock worth $19,008,000 after buying an additional 20,000 shares in the last quarter. Squarepoint Ops LLC grew its stake in shares of NRG Energy by 70.8% in the 3rd quarter. Squarepoint Ops LLC now owns 466,422 shares of the utilities provider’s stock worth $18,470,000 after buying an additional 193,410 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC grew its stake in shares of NRG Energy by 54.5% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 15,205 shares of the utilities provider’s stock worth $602,000 after buying an additional 5,361 shares in the last quarter. 97.04% of the stock is currently owned by institutional investors and hedge funds.
NRG has been the topic of several recent research reports. Citigroup upped their target price on shares of NRG Energy from $45.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Zacks Investment Research raised shares of NRG Energy from a “hold” rating to a “strong-buy” rating and set a $45.00 price target for the company in a report on Wednesday, November 13th. Morgan Stanley dropped their price target on NRG Energy from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Finally, ValuEngine raised NRG Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $47.29.
NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.10 by ($0.22). NRG Energy had a net margin of 10.85% and a negative return on equity of 53.61%. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter last year, the firm earned $0.96 EPS. The company’s revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts anticipate that NRG Energy Inc will post 4.46 EPS for the current year.
In other news, SVP Brian Curci sold 18,500 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $37.76, for a total transaction of $698,560.00. Following the transaction, the senior vice president now owns 49,424 shares of the company’s stock, valued at $1,866,250.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Elizabeth R. Killinger sold 52,500 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $37.77, for a total value of $1,982,925.00. Following the completion of the sale, the vice president now owns 137,956 shares in the company, valued at $5,210,598.12. The disclosure for this sale can be found here. Insiders sold a total of 184,372 shares of company stock valued at $7,161,481 in the last 90 days. Company insiders own 0.56% of the company’s stock.
NRG Energy Company Profile
NRG Energy, Inc, together with its subsidiaries, operates as an energy company in the United States. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.1 million residential, industrial, and commercial consumers. It generates electricity using natural gas, coal, oil, solar, nuclear, wind, fossil fuel, and nuclear sources.
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