Sumitomo Mitsui Trust Holdings Inc. maintained its position in NRG Energy, Inc. (NYSE:NRG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,747 shares of the utilities provider’s stock at the end of the second quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in NRG Energy were worth $237,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in NRG Energy by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 33,215,788 shares of the utilities provider’s stock worth $621,135,000 after buying an additional 556,447 shares in the last quarter. BlackRock Inc. grew its stake in NRG Energy by 5,026.6% in the 1st quarter. BlackRock Inc. now owns 19,983,017 shares of the utilities provider’s stock worth $373,684,000 after buying an additional 19,593,226 shares in the last quarter. Elliott Management Corp grew its stake in NRG Energy by 313.1% in the 1st quarter. Elliott Management Corp now owns 18,073,606 shares of the utilities provider’s stock worth $337,976,000 after buying an additional 13,698,367 shares in the last quarter. Brahman Capital Corp. purchased a new position in NRG Energy in the 1st quarter worth approximately $186,827,000. Finally, FMR LLC boosted its stake in shares of NRG Energy by 449.8% in the 1st quarter. FMR LLC now owns 6,986,918 shares of the utilities provider’s stock valued at $130,656,000 after purchasing an additional 5,716,029 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.
Shares of NRG Energy, Inc. (NYSE:NRG) traded down 1.03% on Friday, hitting $23.94. 3,382,596 shares of the company traded hands. NRG Energy, Inc. has a 1-year low of $9.84 and a 1-year high of $26.25. The firm’s market capitalization is $7.58 billion. The firm’s 50-day moving average is $24.59 and its 200 day moving average is $19.63.
NRG Energy (NYSE:NRG) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.05 by $0.31. The company 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 firm’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.61) earnings per share. On average, analysts anticipate that NRG Energy, Inc. will post $0.34 earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on NRG. UBS AG raised shares of NRG Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $19.00 to $20.00 in a research note on Thursday, June 1st. BidaskClub upgraded shares of NRG Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. ValuEngine upgraded shares of NRG Energy from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Zacks Investment Research upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Tuesday, July 11th. Finally, Barclays PLC reiterated 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. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $22.25.
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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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