NRG Energy, Inc. (NRG) Stake Reduced by Trexquant Investment LP
Trexquant Investment LP lowered its stake in shares of NRG Energy, Inc. (NYSE:NRG) by 46.8% during the second quarter, Holdings Channel reports. The fund owned 57,158 shares of the utilities provider’s stock after selling 50,242 shares during the period. Trexquant Investment LP’s holdings in NRG Energy were worth $984,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the stock. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in NRG Energy during the fourth quarter valued at about $125,000. Thrivent Financial for Lutherans boosted its stake in NRG Energy by 6.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,920 shares of the utilities provider’s stock valued at $134,000 after buying an additional 680 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in NRG Energy during the first quarter valued at about $141,000. Campbell & CO Investment Adviser LLC bought a new stake in NRG Energy during the second quarter valued at about $186,000. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in NRG Energy during the first quarter valued at about $194,000. Hedge funds and other institutional investors own 92.46% of the company’s stock.
Shares of NRG Energy, Inc. (NYSE NRG) opened at 24.33 on Thursday. The company’s market cap is $7.69 billion. The company has a 50-day moving average of $21.20 and a 200 day moving average of $18.02. NRG Energy, Inc. has a 12 month low of $9.84 and a 12 month high of $25.43.
NRG Energy (NYSE:NRG) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm posted ($0.61) EPS. The business’s revenue was up 20.2% on a year-over-year basis. On average, analysts anticipate that NRG Energy, Inc. will post $0.77 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.49%. NRG Energy’s dividend payout ratio (DPR) is -2.75%.
Several equities research analysts have recently issued reports on the stock. UBS AG upgraded shares of NRG Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $19.00 to $20.00 in a research report on Thursday, June 1st. Zacks Investment Research upgraded shares of NRG Energy from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Wednesday, April 26th. ValuEngine upgraded shares of NRG Energy from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Barclays PLC reiterated an “overweight” rating and set a $20.00 price objective (up previously from $19.00) on shares of NRG Energy in a research report on Sunday, April 23rd. Finally, BidaskClub upgraded shares of NRG Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $21.13.
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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