Aberdeen Asset Management PLC UK cut its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 48.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 213,760 shares of the utilities provider’s stock after selling 204,118 shares during the quarter. Aberdeen Asset Management PLC UK owned 0.07% of NRG Energy worth $3,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently made changes to their positions in the company. Ameritas Investment Partners Inc. purchased a new position in shares of NRG Energy during the first quarter worth approximately $141,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of NRG Energy during the second quarter worth approximately $186,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of NRG Energy during the first quarter worth approximately $194,000. Ballentine Partners LLC purchased a new position in shares of NRG Energy during the second quarter worth approximately $209,000. Finally, LS Investment Advisors LLC raised its stake in shares of NRG Energy by 13.8% during the second quarter. LS Investment Advisors LLC now owns 12,232 shares of the utilities provider’s stock worth $211,000 after acquiring an additional 1,483 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.
NRG has been the topic of several analyst reports. BidaskClub raised shares of NRG Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. ValuEngine downgraded shares of NRG Energy from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Williams Capital initiated coverage on shares of NRG Energy in a research note on Thursday, June 1st. They issued a “buy” rating and a $20.00 target price on the stock. UBS AG raised shares of NRG Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $19.00 to $20.00 in a research note on Thursday, June 1st. Finally, Zacks Investment Research raised shares of NRG Energy from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Tuesday, July 11th. 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 company. The stock currently has an average rating of “Buy” and a consensus price target of $22.25.
Shares of NRG Energy, Inc. (NYSE:NRG) traded down 1.03% during mid-day trading on Friday, hitting $23.94. 3,382,596 shares of the stock were exchanged. NRG Energy, Inc. has a 12 month low of $9.84 and a 12 month high of $26.25. The stock’s 50 day moving average is $24.59 and its 200 day moving average is $19.63. The firm’s market cap is $7.58 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 analysts’ consensus estimates of $0.05 by $0.31. The firm had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $3.19 billion. NRG Energy had a positive return on equity of 12.38% and a negative net margin of 10.67%. The business’s revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.61) EPS. Analysts expect that NRG Energy, Inc. will post $0.34 EPS for the current fiscal year.
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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