NRG Energy, Inc. (NRG) Shares Bought by New York State Common Retirement Fund
New York State Common Retirement Fund boosted its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 902,239 shares of the utilities provider’s stock after purchasing an additional 21,408 shares during the quarter. New York State Common Retirement Fund owned about 0.29% of NRG Energy worth $15,537,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the business. Aviva PLC increased its holdings in shares of NRG Energy by 5.5% in the second quarter. Aviva PLC now owns 196,771 shares of the utilities provider’s stock valued at $3,388,000 after purchasing an additional 10,240 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of NRG Energy by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 78,400 shares of the utilities provider’s stock worth $1,350,000 after buying an additional 200 shares during the last quarter. Canyon Capital Advisors LLC acquired a new stake in shares of NRG Energy during the 1st quarter worth about $26,773,000. SG Americas Securities LLC lifted its stake in shares of NRG Energy by 694.4% during the 2nd quarter. SG Americas Securities LLC now owns 73,240 shares of the utilities provider’s stock worth $1,261,000 after buying an additional 64,020 shares during the last quarter. Finally, Dorsey Wright & Associates acquired a new stake in shares of NRG Energy during the 2nd quarter worth about $2,199,000. 91.64% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently commented on the stock. BidaskClub raised shares of NRG Energy from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. ValuEngine raised shares of NRG Energy from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Zacks Investment Research raised shares of NRG Energy from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Tuesday, July 11th. Finally, Barclays PLC reissued an “overweight” rating and issued a $27.00 price target on shares of NRG Energy in a report on Thursday, July 13th. They noted that the move was a valuation call. 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. The company presently has an average rating of “Buy” and a consensus price target of $22.25.
Shares of NRG Energy, Inc. (NYSE NRG) opened at 25.89 on Wednesday. The company’s market cap is $8.19 billion. NRG Energy, Inc. has a 12-month low of $9.84 and a 12-month high of $26.25. The firm has a 50-day moving average of $24.64 and a 200-day moving average of $20.15.
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 Thomson Reuters’ 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 firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same period in the previous year, the company posted ($0.61) earnings per share. The business’s revenue was up 20.2% on a year-over-year basis. Analysts predict that NRG Energy, Inc. will post $0.34 EPS for the current 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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