Northern Trust Corp Has $55.74 Million Holdings in NRG Energy, Inc. (NRG)
Northern Trust Corp cut its position in NRG Energy, Inc. (NYSE:NRG) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,236,702 shares of the utilities provider’s stock after selling 60,308 shares during the period. Northern Trust Corp owned about 1.02% of NRG Energy worth $55,736,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of NRG. BlackRock Inc. raised its holdings in NRG Energy by 5,026.6% in the first quarter. BlackRock Inc. now owns 19,983,017 shares of the utilities provider’s stock worth $373,684,000 after purchasing an additional 19,593,226 shares during the period. Elliott Management Corp raised its holdings in NRG Energy by 313.1% in the first quarter. Elliott Management Corp now owns 18,073,606 shares of the utilities provider’s stock worth $337,976,000 after purchasing an additional 13,698,367 shares during the period. Brahman Capital Corp. acquired a new stake in NRG Energy in the first quarter worth $186,827,000. FMR LLC raised its holdings in NRG Energy by 449.8% in the first quarter. FMR LLC now owns 6,986,918 shares of the utilities provider’s stock worth $130,656,000 after purchasing an additional 5,716,029 shares during the period. Finally, Permian Investment Partners LP acquired a new stake in NRG Energy in the first quarter worth $73,546,000. Institutional investors own 91.64% of the company’s stock.
NRG has been the topic of several analyst reports. BidaskClub upgraded shares of NRG Energy from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. ValuEngine upgraded shares of NRG Energy from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Zacks Investment Research upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Tuesday, July 11th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $27.00 target price on shares of NRG Energy in a report on Thursday, July 13th. They noted that the move was a valuation call. One research 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. The stock presently has an average rating of “Buy” and an average price target of $22.25.
Shares of NRG Energy, Inc. (NRG) opened at 25.57 on Friday. 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 $24.64 and its 200 day moving average is $20.23. The company’s market cap is $8.09 billion.
NRG Energy (NYSE:NRG) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.31. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $3.19 billion. NRG Energy had a negative net margin of 10.67% and a positive return on equity of 12.38%. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.61) EPS. On average, analysts anticipate 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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