FMR LLC grew its holdings in NRG Energy, Inc. (NYSE:NRG) by 8.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,584,875 shares of the utilities provider’s stock after purchasing an additional 597,957 shares during the period. FMR LLC owned approximately 2.40% of NRG Energy worth $130,612,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. Ameritas Investment Partners Inc. purchased a new stake in shares of NRG Energy in the 1st quarter valued at $141,000. Ballentine Partners LLC purchased a new stake in shares of NRG Energy in the 2nd quarter valued at $209,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of NRG Energy in the 1st quarter valued at $194,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of NRG Energy in the 2nd quarter valued at $186,000. Finally, Thrivent Financial For Lutherans raised its holdings in shares of NRG Energy by 5.9% in the 1st quarter. Thrivent Financial For Lutherans now owns 11,560 shares of the utilities provider’s stock valued at $216,000 after buying an additional 640 shares during the period. 91.67% of the stock is currently owned by institutional investors and hedge funds.
Shares of NRG Energy, Inc. (NYSE:NRG) opened at 26.62 on Tuesday. The firm’s market capitalization is $8.42 billion. The firm’s 50-day moving average price is $24.66 and its 200-day moving average price is $20.58. NRG Energy, Inc. has a 52-week low of $9.84 and a 52-week high of $26.68.
NRG Energy (NYSE:NRG) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.31. NRG Energy had a negative net margin of 10.67% and a positive return on equity of 12.38%. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $3.19 billion. During the same period last year, the firm earned ($0.61) earnings per share. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. On average, equities analysts predict that NRG Energy, Inc. will post $0.45 earnings per share for the current fiscal year.
NRG has been the topic of several research analyst reports. BidaskClub upgraded NRG Energy from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Zacks Investment Research upgraded 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. Barclays PLC restated an “overweight” rating and set 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. Finally, ValuEngine upgraded NRG Energy from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price 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.
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