Nationwide Fund Advisors grew its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 29.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 113,639 shares of the utilities provider’s stock after acquiring an additional 26,158 shares during the period. Nationwide Fund Advisors’ holdings in NRG Energy were worth $1,957,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. bought a new position in shares of NRG Energy during the 1st quarter valued at approximately $141,000. Campbell & CO Investment Adviser LLC bought a new position in shares of NRG Energy during the 2nd quarter valued at approximately $186,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of NRG Energy during the 1st quarter valued at approximately $194,000. Ballentine Partners LLC bought a new position in shares of NRG Energy during the 2nd quarter valued at approximately $209,000. Finally, LS Investment Advisors LLC grew its position in shares of NRG Energy by 13.8% during the 2nd quarter. LS Investment Advisors LLC now owns 12,232 shares of the utilities provider’s stock valued at $211,000 after acquiring an additional 1,483 shares during the period. 91.67% of the stock is owned by hedge funds and other institutional investors.
NRG Energy, Inc. (NYSE NRG) opened at 26.62 on Tuesday. The company has a 50-day moving average of $24.66 and a 200 day moving average of $20.58. NRG Energy, Inc. has a 12-month low of $9.84 and a 12-month high of $26.68. The company’s market capitalization is $8.42 billion.
NRG Energy (NYSE:NRG) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share (EPS) 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 analyst estimates of $3.19 billion. NRG Energy had a negative net margin of 10.67% and a positive return on equity of 12.38%. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.61) earnings per share. Equities research analysts forecast that NRG Energy, Inc. will post $0.45 earnings per share for the current fiscal year.
NRG has been the subject of a number of research reports. BidaskClub raised shares of NRG Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. ValuEngine raised shares of NRG Energy from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Zacks Investment Research raised shares of NRG Energy from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Tuesday, July 11th. Finally, Barclays PLC reissued an “overweight” rating and set a $27.00 target price on shares of NRG Energy in a research report 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 given a buy rating and one has issued a strong buy rating to the 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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