AHL Partners LLP Buys 292,072 Shares of NRG Energy, Inc. (NRG)
AHL Partners LLP boosted its stake in NRG Energy, Inc. (NYSE:NRG) by 127.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 520,524 shares of the utilities provider’s stock after purchasing an additional 292,072 shares during the quarter. AHL Partners LLP owned approximately 0.16% of NRG Energy worth $8,964,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. First Trust Advisors LP grew its holdings in NRG Energy by 142.9% during the 1st quarter. First Trust Advisors LP now owns 111,627 shares of the utilities provider’s stock valued at $2,087,000 after buying an additional 65,670 shares in the last quarter. Comerica Bank lifted its holdings in shares of NRG Energy by 0.5% in the first quarter. Comerica Bank now owns 78,653 shares of the utilities provider’s stock worth $1,324,000 after buying an additional 390 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of NRG Energy by 29.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,438 shares of the utilities provider’s stock worth $438,000 after buying an additional 5,355 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of NRG Energy by 8.8% in the first quarter. Mutual of America Capital Management LLC now owns 45,243 shares of the utilities provider’s stock worth $846,000 after buying an additional 3,676 shares in the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of NRG Energy in the first quarter worth about $141,000. Institutional investors and hedge funds own 91.64% of the company’s stock.
Several equities analysts recently commented on the stock. BidaskClub raised shares of NRG Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Zacks Investment Research upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Tuesday, September 12th. Barclays PLC reiterated an “overweight” rating and issued a $27.00 target price on shares of NRG Energy in a research note on Thursday, July 13th. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of NRG Energy from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. One 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. NRG Energy has a consensus rating of “Buy” and an average price target of $22.25.
NRG Energy, Inc. (NYSE:NRG) traded down 0.08% during trading on Tuesday, reaching $25.56. 1,045,387 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $24.62 and its 200-day moving average is $20.09. NRG Energy, Inc. has a 12-month low of $9.84 and a 12-month high of $26.25. The company’s market cap is $8.09 billion.
NRG Energy (NYSE:NRG) last issued 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 for the quarter, compared to the consensus estimate 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 quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.61) EPS. Analysts predict that NRG Energy, Inc. will post $0.34 EPS for the current fiscal year.
About NRG Energy
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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