Barings LLC Maintains Holdings in NRG Energy, Inc. (NRG)
Barings LLC maintained its stake in shares of NRG Energy, Inc. (NYSE:NRG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,720 shares of the utilities provider’s stock at the end of the 2nd quarter. Barings LLC’s holdings in NRG Energy were worth $2,706,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of NRG. Fieldpoint Private Securities LLC bought a new stake in NRG Energy during the second quarter worth approximately $112,000. Ameritas Investment Partners Inc. bought a new stake in NRG Energy during the first quarter worth approximately $141,000. Campbell & CO Investment Adviser LLC bought a new stake in NRG Energy during the second quarter worth approximately $186,000. Edmond DE Rothschild Holding S.A. bought a new stake in NRG Energy during the first quarter worth approximately $194,000. Finally, Thrivent Financial For Lutherans increased its stake in NRG Energy by 4.4% during the second quarter. Thrivent Financial For Lutherans now owns 12,070 shares of the utilities provider’s stock worth $208,000 after acquiring an additional 510 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.
Several equities research analysts have weighed in on the company. Zacks Investment Research raised NRG Energy from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Tuesday, September 12th. BidaskClub raised NRG Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Barclays PLC reaffirmed an “overweight” rating and set 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 raised NRG Energy from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. NRG Energy presently has a consensus rating of “Buy” and a consensus target price of $22.25.
NRG Energy, Inc. (NYSE NRG) opened at 25.49 on Friday. The company has a 50-day moving average price of $24.65 and a 200 day moving average price of $20.28. 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 $8.07 billion.
NRG Energy (NYSE:NRG) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.31. NRG Energy had a negative net margin of 10.67% and a positive return on equity of 12.38%. The firm 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 firm earned ($0.61) EPS. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. On average, equities research analysts forecast that NRG Energy, Inc. will post $0.34 EPS for the current fiscal year.
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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.
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