Cornerstone Capital Management Holdings LLC. Sells 433,749 Shares of NRG Energy, Inc. (NRG)

Cornerstone Capital Management Holdings LLC. lessened its holdings in NRG Energy, Inc. (NYSE:NRG) by 79.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 114,515 shares of the utilities provider’s stock after selling 433,749 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in NRG Energy were worth $1,971,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in NRG. BlackRock Inc. boosted its position in shares of NRG Energy by 5,026.6% in the first quarter. BlackRock Inc. now owns 19,983,017 shares of the utilities provider’s stock valued at $373,684,000 after acquiring an additional 19,593,226 shares during the period. FMR LLC boosted its position in shares of NRG Energy by 449.8% in the first quarter. FMR LLC now owns 6,986,918 shares of the utilities provider’s stock valued at $130,656,000 after acquiring an additional 5,716,029 shares during the period. Janus Henderson Group PLC boosted its position in shares of NRG Energy by 42,970.1% in the second quarter. Janus Henderson Group PLC now owns 5,517,278 shares of the utilities provider’s stock valued at $95,007,000 after acquiring an additional 5,504,468 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of NRG Energy by 38.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,369,761 shares of the utilities provider’s stock valued at $109,682,000 after acquiring an additional 1,772,966 shares during the period. Finally, Balyasny Asset Management LLC boosted its position in shares of NRG Energy by 4,510.5% in the second quarter. Balyasny Asset Management LLC now owns 1,671,181 shares of the utilities provider’s stock valued at $28,778,000 after acquiring an additional 1,634,934 shares during the period. 91.67% of the stock is owned by institutional investors.

NRG has been the subject of a number of recent research reports. 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. BidaskClub raised shares of NRG Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $25.00 target price on shares of NRG Energy in a research report on Friday. Barclays PLC reissued an “overweight” rating and issued 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. Finally, ValuEngine raised shares of NRG Energy from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $22.56.

Shares of NRG Energy, Inc. (NYSE:NRG) opened at 25.54 on Friday. The company’s 50-day moving average is $24.80 and its 200 day moving average is $20.76. NRG Energy, Inc. has a 52-week low of $9.84 and a 52-week high of $26.25. The company’s market cap is $8.08 billion.

NRG Energy (NYSE:NRG) last issued its 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. NRG Energy had a positive return on equity of 12.38% and a negative net margin of 10.67%. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter last year, the company earned ($0.61) EPS. The firm’s revenue was up 20.2% compared to the same quarter last year. On average, analysts anticipate that NRG Energy, Inc. will post $0.59 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st wi

Several other institutional investors have also made changes to their positions in NRG. BlackRock Inc. boosted its position in shares of NRG Energy by 5,026.6% in the first quarter. BlackRock Inc. now owns 19,983,017 shares of the utilities provider’s stock valued at $373,684,000 after acquiring an additional 19,593,226 shares during the period. FMR LLC boosted its position in shares of NRG Energy by 449.8% in the first quarter. FMR LLC now owns 6,986,918 shares of the utilities provider’s stock valued at $130,656,000 after acquiring an additional 5,716,029 shares during the period. Janus Henderson Group PLC boosted its position in shares of NRG Energy by 42,970.1% in the second quarter. Janus Henderson Group PLC now owns 5,517,278 shares of the utilities provider’s stock valued at $95,007,000 after acquiring an additional 5,504,468 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of NRG Energy by 38.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,369,761 shares of the utilities provider’s stock valued at $109,682,000 after acquiring an additional 1,772,966 shares during the period. Finally, Balyasny Asset Management LLC boosted its position in shares of NRG Energy by 4,510.5% in the second quarter. Balyasny Asset Management LLC now owns 1,671,181 shares of the utilities provider’s stock valued at $28,778,000 after acquiring an additional 1,634,934 shares during the period. 91.67% of the stock is owned by institutional investors.

NRG has been the subject of a number of recent research reports. 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. BidaskClub raised shares of NRG Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $25.00 target price on shares of NRG Energy in a research report on Friday. Barclays PLC reissued an “overweight” rating and issued 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. Finally, ValuEngine raised shares of NRG Energy from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $22.56.

Shares of NRG Energy, Inc. (NYSE:NRG) opened at 25.54 on Friday. The company’s 50-day moving average is $24.80 and its 200 day moving average is $20.76. NRG Energy, Inc. has a 52-week low of $9.84 and a 52-week high of $26.25. The company’s market cap is $8.08 billion.

NRG Energy (NYSE:NRG) last issued its 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. NRG Energy had a positive return on equity of 12.38% and a negative net margin of 10.67%. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter last year, the company earned ($0.61) EPS. The firm’s revenue was up 20.2% compared to the same quarter last year. On average, analysts anticipate that NRG Energy, Inc. will post $0.59 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a $0.03 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $0.12 annualized dividend and a yield of 0.47%. NRG Energy’s dividend payout ratio is currently -2.75%.

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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.

Institutional Ownership by Quarter for NRG Energy (NYSE:NRG)

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